StockNews.com Initiates Coverage on NortonLifeLock (NASDAQ:NLOK)

Equities research analysts at StockNews.com initiated coverage on shares of NortonLifeLock (NASDAQ:NLOK) in a research note issued on Tuesday. The brokerage set a “buy” rating on the stock.

NortonLifeLock Stock Performance

Shares of NLOK opened at $27.65 on Tuesday. The company has a market capitalization of $15.80 billion, a price-to-earnings ratio of 19.34 and a beta of 0.76. NortonLifeLock has a 1 year low of $20.12 and a 1 year high of $30.92. The company’s 50 day simple moving average is $29.16 and its 200 day simple moving average is $26.94.

NortonLifeLock Company Profile

Gen Digital, Inc engages in the provision of security, storage, and systems management solutions. The firm focuses on providing consumer cyber safety with its business solutions. The company was founded by Gary Hendrix in April 1982 and is headquartered in Tempe, AZ.