LifeLock
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http://www.lifelock.com/
Dieses und nächstes Jahr soll der Gewinn um jeweils 37% zulegen. Die Bewertung ist mit einem KGV von 23 noch moderat, charttechnisch hat sich der Wert gerade von einer recht ordentlichen Korrektur erholt und stabilisiert und scheint nun Kraft für eine neue Aufwärtzbewegung zu sammeln. Strong Buy!
https://finance.yahoo.com/q/ae?s=LOCK+Analyst+Estimates
LifeLock shares surge 40% after hours on news of litigation settlement, earnings beat
LifeLock Inc. shares LOCK, -0.62% surged more than 40% in after-hours trade Wednesday, after the provider of identify theft protection reported a better-than-expected quarter and said it has reached an agreement to settle outstanding litigation. The company said it had a net loss of $65.1 million in the third quarter, or a loss of 68 cents a share, after net income of $5.5 million, or 6 cents a share, in the year-earlier period. The number included a pretax charge of $96 million relating to the proposed settlement, which has not yet been approved. Excluding that charge, it had EPS of 28 cents, ahead of the FactSet consensus of 25 cents. Revenue rose 24% to $152 million, also ahead of the FactSet consensus of $147 million. Shares have gained 26% in the year so far, while the S&P 500 has lost 0.1%.
LifeLock Takes A Huge Step Forward
Summary
Shares of LifeLock surged by more than 40% after the company mentioned that the FTC lawsuit is coming to a closure.
Aside from the one-off charges in damages, shareholders are expecting that the company will leave unscathed.
The company’s third-quarter earnings were also pretty good as revenue and profit have increased steadily.
Investors can have a peace of mind that the legal battle is coming to an end. Now, the business can focus on growth and capital allocation.
LifeLock : Announces $100 Million Share Repurchase Program
LifeLock, Inc. (NYSE: LOCK), an industry leader in identity theft protection, today announced that its Board of Directors has approved the repurchase of up to $100 million of the company’s common stock, representing approximately 7% of the company’s outstanding common shares based on current trading prices. The repurchase program has no expiration date but is intended to be completed by year end 2016.
“This share repurchase program reflects the Board’s confidence in the ongoing strength of LifeLock’s business and its deep commitment to enhancing value for shareholders through both the return of capital and investing to build on our strong record of growth,” said Roy A. Guthrie, Lead Independent Director.
Repurchases under the program may be made through open market or privately negotiated transactions at times and in such amounts as determined by LifeLock’s management, subject to market conditions and in accordance with the requirements of the Securities and Exchange Commission. The program does not obligate LifeLock to repurchase any particular amount of the company’s common stock, and may be suspended or discontinued at any time without notice. LifeLock had 95,515,268 shares outstanding as of October 30, 2015.
Some companies are getting into the holiday spirit by going shopping. LifeLock (NYSE:LOCK) is doing exactly that, announcing yesterday after the market close that it will be spending $100 million to repurchase its own stock. The board's authorization doesn't have a timeline attached to it, but LifeLock expects to have the buyback complete within a year.
It's a pretty big move for a company of LifeLock's size. If completed near today's pricing, it will reduce the outstanding shares count by 7%. Let's go over some of the reasons why the leading provider of proactive identity theft protection services is betting on itself.
1. LifeLock's stock is out of favor
Shares of LifeLock have been on fire in recent months. The stock has more than doubled since bottoming out at $7.18 in August. This may seem like an odd time to be buying back its stock, but LifeLock stock is still down 22% so far in 2015.
The shares were rocked this summer after the Federal Trade Commission accused LifeLock of violating a 2010 order pertaining to deceptive marketing claims. The FTC also claimed that the company wasn't doing a good job of protecting sensitive subscriber data, something that obviously doesn't look good for a company that's supposed to prevent identity theft.
LifeLock has managed to rise above the muck. It reached a settlement with the FTC, and it managed to post another quarter of sequential growth in terms of revenue and subscriber count. This keeps an impressive streak of what is now 42 quarters alive. LifeLock has overcome the development that rocked the stock this summer, but the stock is still trading well below where it was earlier this year. The stock may have doubled, but it's still a compelling time for LifeLock to invest in itself.
2. LifeLock's good for the money
LifeLock has a strong balance sheet. It has $332.2 million of cash and short-term investments on its books, and it's not carrying any long-term debt. It's a balance sheet that shaves its nearly $1.4 billion in market cap down to less than $1.1 billion in enterprise value. Why wouldn't it spend less than a third of that to support its suppressed share price?
One can always argue that a better use for its cash would be to snap up smaller players in this fragmented niche or expand into related categories. With 4.1 million paying subscribers on its rolls, it only makes sense. However, LifeLock has been hit or miss with its deals. Snapping up ID Analytics three years ago helped fortify its intellectual property, but buying mobile wallet platform Lemon a year later opened up a can of worms when the mobile app was pulled on concerns that it may not be fully compliant with industry security standards. Either way, it has enough money -- and it's generating enough money -- to keep buying back stock as well as other companies.
3. LifeLock will be able to improve its profitability on a per-share basis
The two primary goals of a buyback are to support a stock's price if the purchases are to take place in the open market and to improve earnings on a per-share basis. Analysts see LifeLock earning $0.77 a share next year, but that figure is based on its 95.5 million shares outstanding. If it's able to whittle that down by roughly 7% -- sooner rather than later -- it will improve reported earnings that are divided into 7% fewer shares.
With meager interest rates being paid on idle cash, it's no surprise to see so many board rooms authorizing buybacks. It's the right call for LifeLock.
LifeLock to pay $100 million to settle U.S. contempt charges -FTC
WASHINGTON, Dec 17 (Reuters) - LifeLock Inc, which offers identity theft monitoring and fraud detection, has agreed to pay $100 million to settle contempt charges, the Federal Trade Commission said on Thursday.
The FTC had accused LifeLock of violating a 2010 court order that required it to take steps to properly protect its customers' data. The agency also said that LifeLock falsely advertised that it protected that data, among other allegations.
The $100 million is to be deposited to the U.S. District Court for the District of Arizona. A total of $68 million of the money may be used to reimburse consumers in a class action lawsuit. The balance will be used by the FTC to reimburse LifeLock customers not involved in the lawsuit, an FTC spokesman said.
Company Joins Online Trust Audit Honor Roll for Best Practices
LifeLock, Inc. (LOCK) announced that it has been recognized by the Online Trust Alliance (OTA) for its security and privacy practices and been named to the 2015 OTA Online Trust Audit Honor Roll. Conducted annually, the Online Trust Audit is a benchmark audit of a company’s commitment to security, privacy and consumer protection. It recognizes brands, websites and applications that implement security and privacy practices to help ensure users’ data is protected.
“As consumers’ digital footprint and data is of increasing value to cybercriminals, qualifying for the Honor Roll represents an organization’s commitment to not only help secure their data, but to also to embrace responsible privacy practices,” said Online Trust Alliance Executive Director & President Craig Spiezle. “Qualifying for the Honor Roll speaks to LifeLock’s pledge to embrace data protection and privacy enhancing best practices.”
The Online Trust and Honor Roll Audit is a comprehensive evaluation of a site’s and mobile applications best practices in brand and consumer protection, security and privacy. This annual comprehensive audit underscores the importance of continued monitoring of security and privacy practices and the risks of becoming complacent. Now in its seventh year, the 2015 Online Trust Audit Honor Roll expands to a broader set of privacy and security enhancing criteria reflecting input from over 100 companies, consumer advocates and security professionals.
LifeLock’s commitment to security and privacy
LifeLock is firmly committed to protecting its members’ information through disciplined application of current security best practices. The company continually invests in its people, processes and systems to ensure its members’ data is protected against ever more complex and pervasive threats. LifeLock uses multiple layers of security controls and defenses designed to detect suspicious activity and block attacks. It leverages strong encryption technology to protect personal information and financial records and limits the information that its member services agents have access to, including financial account and credit card numbers.
In addition to the OTA Online Trust Audit, LifeLock is audited annually by independent experts for PCI Level 1 Merchant and Service Provider, SOC 2 Type 2 and Sarbanes-Oxley compliance. The company performs frequent internal audits and risk assessments that protect our members’ data.
2015's Biggest Data Breaches and the Investing Angle
The digital world is an increasingly dangerous place.
Cyberattacks are growing in size and sophistication. In 2015, organizations of all types suffered data breaches, some of which exposed millions of records of sensitive personal information. Fortunately, there are some businesses that can help protect you -- and your portfolio.
The seemingly never-ending assault of cyberattacks is boosting demand for LifeLock's offerings, with the company adding 251,000 new subscribers during the third quarter of 2015 -- a 16% increase from the prior-year period. Notably, LifeLock's members have also been willing to pay more for upgraded services, with third-quarter monthly average revenue per member increasing 6% year over year to $11.91. And maybe most importantly, LifeLock is doing an admirable job of retaining its customers, as evidenced by its 86.6% annual retention rate.
As data-breach concerns continue to stoke fears of identity theft among consumers, expect LifeLock's sales to continue to benefit from the worrisome trend.
Former Top Yahoo Exec Hilary Schneider Promoted to CEO of LifeLock
Earning the corner office is “about having the swagger,” says the new chief.
Hilary Schneider, who rose to Silicon Valley prominence in the early 2000s during her tenure as Yahoo’s EVP of Americas, has been named CEO of identity theft protection company LifeLock LOCK 1.98% . Currently the company’s president, Schneider will succeed Todd Davis as CEO, effective March 1.
Schneider joined LifeLock as president in 2012, during the company’s IPO roadshow. “I see this as the right place, right time opportunity,” Schneider told Fortune, in her first interview about the promotion. “Taking the time to understand and listen and learn was critical in realizing the extent of this market opportunity.”
According to a statement by the company, Davis, LifeLock’s co-founder and current CEO, will become executive vice chairman of the board, while lead director Roy Guthrie will become chairman. Schneider will also be appointed to the board.
Schneider credits Davis and the board with giving her the opportunity to lead. “Todd’s been very committed to diversity in this organization,” she says. “And a big call out to our board of directors who felt very comfortable to not only have hired me as president but also to give their approval to me as CEO.”
The new CEO takes the helm at a critical time in the company’s history. Just last month, LifeLock paid $100 million in settlement charges to the Federal Trade Commission for failing to comply with a 2010 federal court order requiring that the company properly safeguard sensitive personal data like Social Security, credit card, and bank account numbers. Moreover, the regulators alleged that LifeLock had lied to consumers about keeping consumer data secure.
“With LifeLock well positioned for continued success, the FTC matter concluded, and Hilary ready to assume the role of CEO, this is the right time to move forward with this succession plan,” said Davis in a statement.
As a female CEO of a major publicly traded company, Schneider is in the minority. Currently, there are 22 women CEOs in the Fortune 500. On January 31, when TJX Companies TJX -1.01% CEO Carol Meyrowitz steps down, that number will drop down to 21. (To read more about female CEOs, check out the Broadsheet, Fortune’s daily newsletter about the most powerful women in business.)
Schneider’s advice for other women gunning for the top job? “It’s about having the swagger,” she says. “Even when you may not feel it.”
LifeLock: Positive Changes, But It's Not As If The Stock Is Cheap
Summary
There are an awful lot of red flags at LifeLock beyond the recently resolved FTC investigation; this doesn't seem like a particularly well-managed company.
The recent settlement and the replacement of the CEO both seem like positive changes, however.
The problem, however, is that the stock isn't particularly cheap, even accounting for recent growth.
All things equal, LOCK still seems overvalued, but there at least is more reason for optimism - and no real catalyst for a short.
Now Is the Time to Lock Up Serious Gain With Lifelock
Identity theft is growing, and most people have failed to take effective steps for protection
Final thoughts and actionable conclusions
Based on my view of the products the company offers and the unmet need for those products, the forward growth numbers could easily be on the conservative side. Please note here that I specifically selected the term “unmet need” rather than “unmet demand.” The reason is the need already exists, but the broad base of potential customers has not yet faced it and created the demand. That will be changing rapidly in the future as identity theft continues to grow in both the number of victims and the amount of damage inflicted.
When considering this analysis in total, it is hard for me not to find LifeLock to be a compelling buy at today’s price. Anyone buying shares today and using a stop loss order at $9 would have a potential exposure of about 15% with a potential upside of 100% or more over the next two years. This produces a reward/risk ratio of 6.67:1. I will take that any day.
What: Shares of identity safety company Lifelock Inc (NYSE:LOCK) plunged as much as 16% in trading mid-day Thursday after reporting a first quarter loss.
So what: Revenue in the quarter was up 18% from a year ago to $159.3 million and net loss rise 27% to $11.7 million, or $0.06 per share on an adjusted basis. The adjusted EPS loss was actually a penny better than Wall Street's expectations, but that's not what investors were keying on today.
Management also announced second quarter and full-year guidance and that's where investors got a bit more worried. Second quarter revenue is expected to be $162 million to $164 million with earnings of $0.03 to $0.04 per share. Analysts had predicted revenue of over $164 million with earnings of $0.14 per share.
Longview
For the full year, management expected $662 million to $670 million of revenue and earnings of $0.73 to $0.77 per share. The full year numbers are in-line with what Wall Street analysts had estimated.
Now what: Fundamentally, I don't see any reason to get too worked up about Lifelock's move on Thursday. The company is growing and expecting solid profitability in 2016. It's just not expecting to hit Wall Street's guess at earnings next quarter, which is a short-term setback.
Taking the long view, I think this company is well positioned with a unique product in a growing industry and trades at a nice value at 15 times this year's expected earnings. Long-term, those factors should drive the stock ever higher.
LifeLock named in 2016 Online Trust Honor Roll and recognized for excellence in consumer protection, data security, and responsible privacy practices.
http://seekingalpha.com/news/...iott-discloses-stake-talks-management
Well-known activist Elliott Management has disclosed an 8.8% stake in LifeLock (NYSE:LOCK).
Elliott: "The Reporting Persons believe the securities of the Issuer are undervalued and have initiated a dialogue with the Issuer's Management and Board of Directors (the "Board") on opportunities to enhance shareholder value. The Reporting Persons believe there is material upside from the Issuer's share price level on May 20, 2016 of $12.19 per share, which was the day prior to the Reporting Persons' commencement of significant purchases of shares and the subsequent share price outperformance of the Issuer's Common Stock."
Now what: Elliot's stake in LifeLock increases the chances of a potential buyout. Bloomberg lists several private equity firms as potential suitors, as well as consumer-focused security companies such as Intel Security, a subsidiary of the chip giant.
At less than 2.5 times sales with no debt, more than $200 in cash, and a market cap of about $1.5 billion, LifeLock could make for an attractive acquisition target. And an even larger profit opportunity could exist for investors if LifeLock remains an independent entity, as the company has just barely scratched the surface of its massive growth potential within the ID theft protection arena.
As such, investors who buy shares in LifeLock today have multiple ways to win.
LifeLock is working with Evercore Partners to explore a possible sale and defend against a major shareholder.
LifeLock has attempted to defend itself against the hedge fund Elliott Management who unveiled an 8.8% stake in the company in June, Reuters reports. Elliott Management noted that LifeLock's shares were undervalued and discussed ways to enhance shareholder value with the company's management.
Goldman Sachs Initiates LifeLock At Neutral, Sees M&A As Primary Upside Catalyst
Growth Drivers
The first growth driver is expected to be the company’s efforts to expand its reach and drive sales and marketing leverage through its partner channels. In fact, the analyst pointed out that management comments suggest there is potential for large enterprise deals being signed in 2017.
Secondly, Borges pointed out pricing as a growth driver, stating, “Our pricing-per-SKU revenue build suggests that introducing higher-priced plans or increasing pricing on existing plans may be less effective going forward than it has been in the past, especially given a proliferation of cheap/free competitor solutions.”
According to the analyst, the third growth driver could be consumer attitudes, with high profile breaches likely to drive the next phase of adoption.
Summary
Elliott's recently disclosed stake in LOCK seems to imply a reasonable likelihood of near-term M&A.
But LOCK isn't cheap, and there remain significant concerns relative to its growth potential going forward.
After a recent decline, $16 looks about right - a move in either direction might make the stock more interesting, however.
Kenneth Squire’s largest new bet is on Lifelock Inc (NYSE:LOCK), the provider of security solutions. Valued at $8.75 million, 13D Management’s stake amounted to 553,792 shares at the end of the second quarter. Lifelock Inc (NYSE:LOCK) gained a boost of popularity over the second quarter, as the number of long hedge fund positions (among the funds we track) rose to 22 at the end of June from 16 recorded three months earlier. Paul Singer and his team share Kenneth Squire’s optimism about Lifelock as well, with Elliott Management having established a fresh position that amounted to 7.15 million shares valued at $113 million.
Alarm: Jeder zweite Internetnutzer bereits Opfer von Cyberkriminalität
"Ein großes Problem ist der Diebstahl und Missbrauch digitaler Identitäten. Zur digitalen Identität eines Internetnutzers gehören seine Zugangsdaten zu Online-Diensten sowie seine Kreditkartendaten oder andere Zahlungsinformationen. Laut Umfrage berichtet jeder vierte Internetnutzer (22 Prozent), dass seine Zugangsdaten zu einem Online-Dienst ausspioniert worden sind. Jeder Achte (12 Prozent) gibt an, dass seine persönlichen Daten illegal verwendet wurden."
LifeLock is in talks with several parties about being taken private, people familiar with the matter said.
Final bids for the company are due this month and could value LifeLock at about $2 billion, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Buyout firm TPG is among potential suitors, two of the people said.
Elliott Management Corp., the activist investment group founded by Paul Singer, unveiled a stake in LifeLock in June and owns about 11 percent of the Tempe, Arizona-based company. LifeLock is working with Goldman Sachs Group Inc. on the sale, the people said.
Shares of LifeLock jumped as much as 14 percent to $20.03 in New York trading Friday, giving the company a market value of about $1.9 billion.
https://www.benzinga.com/analyst-ratings/...takeover-report-canaccord
Analyst David Hynes notes "there could be multiple suitors in a prospective transaction," and considers a clearing price range for a takeover of $25-$30, above the $22-$23 range implied by the $2B cited price. However, does go on to note the "stock is not for the faint of heart."
Price target increased from $21 to $23 (current price $19.66), Buy rating maintained.
Hynes projections assume LifeLock generates $735 million revenue next year and PE buyer would presumably cut costs, resulting in a “cleaned up” EBITDA margin that could top 35 percent in relatively short order. Notably, the company spends mid-40 percent of its revenue on sales & marketing.
“If that’s right, we think a PE buyer could make a baseline bid of 10x those grossed up profits, which using 100 million shares and $2/share in cash for simplicity, gets us to a takeout price of nearly $28 per share,” Hynes continued.
On the fundamental front, the analyst believes LifeLock is on the verge of realizing an upward turn in its underlying business drivers as the FTC settlement headwinds are on the back burner, and the employee benefits channel should drive healthy fourth-quarter member growth.
Symantec is weighing a bid for LifeLock, said the people, who asked not to be identified because they weren’t authorized to speak publicly.
Permira and private equity peer TPG are also among interested bidders, with first-round offers expected to be made this month, the people said.
http://www.4-traders.com/LIFELOCK-INC-11626745/...tal-Safet-23432904/
Symantec and LifeLock today announced that they have entered into a definitive agreement for Symantec to acquire LifeLock for $24 per share or $2.3 billion in enterprise value. The deal, which was approved by the boards of directors of both companies, is expected to close in the first calendar quarter of 2017, subject to customary closing conditions including LifeLock stockholder approval.
