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News Breaks
May 20, 2014
05:28 EDTLOCKLifeLock downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded LifeLock to Neutral citing slower growth and increased risk after the company took its Wallet app offline and deleted user payment card data. The firm cut its price target for shares in half to $12.50 from $25.
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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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