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Stock Market & Financial Investment News

News Breaks
May 19, 2014
10:18 EDTLOCKLifeLock drops sharply as downtrend continues
The shares are down over 15.5% to $10.96, breaking a recent pause in the dominant downtrend in the stock which began early March. At current price, next support is at $10.51. Resistance is at $11.72. There was a conference call scheduled today to begin at 8:30 am ET.
News For LOCK From The Last 14 Days
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August 27, 2015
17:53 EDTLOCKLifeLock acquired BitYota assets for $12.5M
In a regulatory filing, LifeLock reported that on August, 21, the company acquired certain assets of BitYota for a purchase price of approximately $12.5M to BitYota shareholders, subject to a customary escrow fund for indemnification obligations. The acquired assets include BitYota's data management platform and a team of product and development data experts who have expertise in large scale data processing. The team will focus on developing new data-based products, said LifeLock. For the year ended December 31, 2014, BitYota would have contributed less than 0.1% to LifeLock revenue, the company noted.
August 24, 2015
15:38 EDTLOCKLifeLock targets 75%-77% adjusted gross margin over long-term
In a slide presentation posted to its investor relations website, LifeLock shared several long-term goals, including a long-term target of 75%-77% for adjusted gross margin percentage, a target of 20%-25% for adjusted EBITDA and a target of 18%-23% for free cash flow. In the same slideshow, LifeLock repeated its 2015 revenue, adjusted EBITDA and free cash flow guidance provided in its earnings results call on July 29.

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