NortonLifeLock (NASDAQ:NLOK) Trading 3.5% Higher - Still a Buy?

Key Points

• NortonLifeLock Inc's stock rose by 3.5% during trading, reaching a last traded price of $31.85, after closing at $30.77.
• Wall Street Zen has issued a "buy" rating on the company, indicating positive outlook amidst recent stock performance.
• The company has a market capitalization of $18.20 billion and a P/E ratio of 22.27, suggesting potential for growth in value.

NortonLifeLock Inc (NASDAQ:NLOK - Get Free Report)'s stock price traded up 3.5% during trading on Wednesday . The stock traded as high as $31.88 and last traded at $31.85. 5,031,763 shares were traded during mid-day trading, a decline of 13% from the average session volume of 5,778,808 shares. The stock had previously closed at $30.77.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on shares of NortonLifeLock in a research report on Friday, May 16th. They issued a "buy" rating for the company.

NortonLifeLock Trading Up 3.5%

The firm has a market cap of $18.20 billion, a P/E ratio of 22.27 and a beta of 0.76. The business's fifty day moving average price is $29.74 and its two-hundred day moving average price is $27.87.

NortonLifeLock Company Profile

Gen Digital, Inc engages in the provision of security, storage, and systems management solutions. The firm focuses on providing consumer cyber safety with its business solutions. The company was founded by Gary Hendrix in April 1982 and is headquartered in Tempe, AZ.

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