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NortonLifeLock (NLOK) Unveils Identity Advisor Plus in UK

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NortonLifeLock’s (NLOK - Free Report) Cyber Safety brand, Norton, introduced Norton Identity Advisor Plus in the U.K. to protect victims from identity theft.

The newly launched solution comes with dedicated Identity Restoration Specialists who guide the theft victims through the process of resolving the identity theft issue. This might include merchants, credit card companies, financial institutions, collection agencies, government agencies and other third parties. The product features Social Media Monitoring and Dark Web Monitoring, highlighting the company’s expertise in delivering cyber identity protection. NortonLifeLock customers can register their personal information for monitoring in Norton Identity Advisor Plus’ dashboard.

Additionally, the company rolled out Norton 360 Advanced comprehensive plan in the U.K. It is a powerful device security tool offering online safety features like Secure Virtual Private Network, Dark Web Monitoring, Social Media Monitoring and Restoration Support. The plan provides powerful layers of protection for devices against cyberthreats, Password Manager, 200 gigabytes (“GB”), Personal Computer (“PC”) Cloud Backup and Parental Control. It can protect up to 10 PCs, Mac, smartphones and tablets.

NortonLifeLock launched several security solutions, such as Norton 360 for Gamers, which promotes cybersecurity in the gaming space, and Norton 360 with LifeLock for family, an all-in-one protection plan to help protect the entire family’s identities, devices and online privacy. The company has expanded its privacy offering by introducing Privacy Monitor Assistant that helps customers reclaim control over their personal information.

The company has been witnessing solid adoption of its cybersecurity and information backup solutions owing to the surge in hacking events and data breaches globally. Per the IDC’s report, worldwide security spending is expected to reach $174.7 billion in 2024, reflecting a compound annual growth rate of 8.1% from 2020 to 2024. NortonLifeLock is poised to benefit from an increase in security spending by enterprises.

New capabilities are likely to drive innovation in NortonLifeLock’s product portfolio, as well as bolster user acquisition and engagement on its platform, thereby aiding the top line.

Zacks Rank & Key Picks

NortonLifeLock currently carries a Zacks Rank #3 (Hold). Shares of NLOK have jumped 41.4% in the past year.

Some better-ranked stocks from the broader computer and technology sector are Advanced Micro Devices (AMD - Free Report) , sporting a Zacks Rank #1 (Strong Buy), Axcelis Technologies (ACLS - Free Report) and Analog Devices (ADI - Free Report) , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for AMD’s first-quarter fiscal 2022 earnings has been revised upward by 23 cents to 91 cents per share over the past 60 days. For fiscal 2022, earnings estimates have moved south by a penny to $3.99 per share in the past 30 days.

AMD’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 17%. Shares of AMD have gained 32.1% in the past year.

The Zacks Consensus Estimate for Axcelis’ first-quarter 2022 earnings has been revised upward by 5 cents to 92 cents per share over the past 60 days. For 2022, earnings estimates have moved north by 12.4% to $3.99 per share in the past 60 days.

Axcelis’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 30.3%. Shares of ACLS have rallied 51.4% in the past year.

The Zacks Consensus Estimate for Analog Devices’ second-quarter fiscal 2022 earnings has been revised upward by 23 cents to $2.08 per share over the past 30 days. For fiscal 2022, earnings estimates have moved north by 79 cents to $8.32 per share in the past 30 days.

Analog Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 6%. Shares of ADI have declined 1.5% in the past year.