LifeLock

www.benzinga.com/analyst-ratings/...ral-sees-m-a-as-?source=sa

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.

seekingalpha.com/article/...m-going-long-seems-tough-long-term

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.

www.insidermonkey.com/blog/...plus-three-new-additions-475721/

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.

www.nickles.de/c/n/...-opfer-von-cyberkriminalitaet-11012.html

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."

finance.yahoo.com/news/...lks-2-billion-private-160800608.html

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.

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.

finance.yahoo.com/news/...said-among-interested-212831860.html

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.

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.