Lifelock Inc (LOCK) Releases Earnings Results, Beats Expectations By $0.03 EPS

Lifelock Inc (LOCK) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.04. The company posted revenue of $164.44 million in the period, compared to analysts expectations of $163.25 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Lifelock Inc. Company shares were Reiterated by Needham on Jun 20, 2016 to “Buy”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .

Lifelock Inc opened for trading at $16.67 and hit $16.825 on the upside on Friday, eventually ending the session at $16.73, with a gain of 0.18% or 0.03 points. The heightened volatility saw the trading volume jump to 17,99,080 shares. Company has a market cap of $1,574 M.

In a different news, on Jul 12, 2016, Chris G Power (CHIEF FINANCIAL OFFICER) sold 17,500 shares at $16.01 per share price. According to the SEC, on Jul 12, 2016, Richard Todd Davis (EXECUTIVE VICE CHAIRMAN) sold 16,200 shares at $16.12 per share price. On Jun 3, 2016, David J/ca Cowan (director) sold 0 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

LifeLock Inc. is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises. It operates in two segments: consumer segment which offers offer identity theft protection services to consumers on a monthly or annual subscription basis and an enterprise segment which offers consumer risk management services to enterprise customers who pay it based on the monthly volume of transactions with the Company. As of December 31 2014 the Company served approximately 3.6 million paying members. As of December 31 2014 the Company served over 300 enterprise customers. The Company offers the LifeLock Wallet mobile application which allows consumers to replicate and store a digital copy of the personal wallet contents on smart device for records backup as well as mobile use of items such as credit identification ATM (automated teller machine) insurance and loyalty cards.

Lifelock Inc

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