Source: PCMag
NortonLifeLock's (NLOK) growth initiatives are boosting its valuation factors. Its global expansion strategy, marketing initiatives, partnerships, and product innovation will accelerate DAU and ARPU growth. The short-term debt on its balance sheet continues to impact working capital. Regardless, NLOK's ability to drive sustainable cash flow after eliminating stranded costs will continue to boost earnings contribution to free cash flow. Compared to its peers, NLOK's valuation (6.4x EV/CY'20 revenue) is attractive.
Demand (Bullish)
NortonLifeLock's growth factor has benefitted from favorable macro trends in addition to its strong brand and global reach. The