In this article, we will see “Who owns Lifelock?” What is Lifelock? How much is Lifelock? And Also, What is Norton Lifelock?
The company was founded by Todd Davis in 2005 and is publicly traded on the NASDAQ.
It provides identity theft protection and credit monitoring services in exchange for a monthly fee.
Lifelock also sells identity theft prevention services to businesses, such as pre-employment screening and customer authentication services.
In 2017, Lifelock’s sales revenue was $1 billion.
The largest shareholder of Lifelock is Blackstone Group LP, which holds 45% of the company.
Who owns Lifelock?
The company’s corporate structure is show below.
Source: SEC filings.
Lifelock is 100% owned by Blackstone
Who owns Norton Lifelock?
Norton Lifelock is an identity protection company that markets comprehensive identity theft protection solutions and provides digital breach response services.
Norton Lifelock is also a big customer of Lifelock; they do a lot of business with both companies.
A few of the current and past customers include:
Discover Financial Services
Telemarketers of America
Visa and MasterCard
While most of the names are a mystery, a few companies are a little more well-known.
What is Lifelock?
You have seen who owns Lifelock And Now we will see what is Lifelock?
Lifelock is an identity theft protection and credit monitoring company specializing in selling solutions to help individuals recover their identity and reduce or avoid the risk of identity theft.
They offer a personal identity monitoring service and a credit monitoring service that is sold as either a package or as standalone services.
Lifelock’s services also cover credit monitoring for prepaid mobile phones.
In addition to making money on the sales of these services, the company also buys its own service credit report to provide the same benefits to customers without paying for a credit monitoring service.
Lifelock offers a long history of breaches and other attacks that helped it build up trust among its customers as part of its marketing strategy.
How much is Lifelock?
Lifelock’s stock is currently trading at $17.23, and it’s up by about 16% since the beginning of 2018.
The stock has risen steadily throughout 2017 and is trading at an all-time high.
Here’s a snapshot of the company’s stock price since the company went public in 2012:
Here’s a quick snapshot of how Lifelock’s stock has done in the past year:
And, here’s a look at Lifelock’s valuation over the past few years:
Lifelock’s low price-to-earnings (P/E) ratio of just 6.24 and high price-to-book (P/B) ratio of 1.87 (a stock with a high price-to-book ratio is considere to be overvalu) show that the company’s price-to-earnings ratio is low. This makes Lifelock an attractive store to buy in 2018.
What is Norton Lifelock?
Norton Antivirus is the parent company of the bi-annual subscription-based software and services.
This software was started in 1984 by Norton co-founders Tony and Stuart Myers.
Norton Antivirus was acquired by Symantec Corporation in 2003 and is now owned by the antivirus software company Symantec Corporation.
Norton Lifelock is a division of Symantec, Inc., and is a cybersecurity company.
All About Northern Lights Antivirus.
The US company Norton Antivirus has been a public company since 2003 and is now privately held by Symantec Corporation.
The company now provides most of the world’s internet security products, for desktop, laptop, and mobile users.
It employs 5,000 people, with offices in 30 countries, and brands itself as the world’s best antivirus maker.
Conclusion For Who owns Lifelock?
The company is focusing on generating a monthly recurring revenue. The business model generates high growth but at a cost. The business is heavily reliant on individuals making timely and responsible identity theft protection purchases.
The company also heavily relies on low pricing. If the company can grow its monthly revenue substantially, it will potentially generate a lot of free cash flow.
Longer-term, I believe Lifelock can generate free cash flow and become a stock that could yield ~4% annually.
Meanwhile, the equity has a lot of upside in the near to medium term.
I expect the shares to trade north of $80 by 2019.
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