NortonLifeLock Inc. is a global leader in consumer cyber safety that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NLOK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that NortonLifeLock could be a solid choice for investors.
Current Quarter Estimates for NLOK
In the past 30 days, five estimates have gone higher for NortonLifeLock while two have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 13 cents a share 30 days ago, to 19 cents today, a move of 46.2%.
Current Year Estimates for NLOK
Meanwhile, NortonLifeLock’s current year figures are also looking quite promising, with seven estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 78 cents per share 30 days ago to $1.05 per share today, an increase of 34.6%.
Symantec Corporation Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 10% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
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Surging Earnings Estimates Signal Good News for NortonLifeLock (NLOK)
NortonLifeLock Inc. is a global leader in consumer cyber safety that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NLOK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that NortonLifeLock could be a solid choice for investors.
Current Quarter Estimates for NLOK
In the past 30 days, five estimates have gone higher for NortonLifeLock while two have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 13 cents a share 30 days ago, to 19 cents today, a move of 46.2%.
Current Year Estimates for NLOK
Meanwhile, NortonLifeLock’s current year figures are also looking quite promising, with seven estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 78 cents per share 30 days ago to $1.05 per share today, an increase of 34.6%.
Symantec Corporation Price and Consensus
Symantec Corporation price-consensus-chart | Symantec Corporation Quote
Bottom Line
The stock has also started to move higher lately, adding 10% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
See 5 Stocks Set to Double>>