- NortonLifeLock is a $15bn enterprise value software company with a long history of corporate actions - acquisitions, divestitures, mergers, and so forth.
- The result is something of a grab-bag of products and services, which is reflected in the financial performance.
- Highly profitable and cash generative, and trading at what in today's markets passes for value stock multiples, we still rate the stock at Neutral.
- We own the name in our CyberSecurity-36 portfolio because the sector valuations are on the up but have no plans right now to add to our small allocation thereof.
For further details see:
NortonLifeLock May Rise With Other Cybersecurity Boats But Holds Little Stock Specific Appeal