![]() For 2022, earnings estimates have moved 20.5% up to $4.41 per share in the past 60 days. The Zacks Consensus Estimate for Silicon Laboratories’ third-quarter 2022 earnings has increased 36.1% to $1.13 per share over the past 60 days. For fiscal 2022, earnings estimates have moved 36 cents north to $3.13 per share in the past 60 days.Ĭlearfield’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 33.9%. The Zacks Consensus Estimate for Clearfield's fourth-quarter fiscal 2022 earnings has been revised upward by 10 cents to 80 cents per share over the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here. Some other top-ranked stocks from the broader Computer and Technology sector are Clearfield CLFD, Silicon Laboratories SLAB and Taiwan Semiconductor TSM, each sporting a Zacks Rank #1 (Strong Buy). Shares of NLOK have decreased 12.1% year to date (“YTD”). Zacks Rank & Other Stocks to ConsiderĬurrently, NortonLifeLock carries a Zacks Rank #2 (Buy). The company’s first-quarter non-GAAP revenues increased 2% to $707 million, while non-GAAP earnings soared 7% to 45 cents per share. Last month, NortonLifeLock reported solid results for the first quarter of fiscal 2023 despite ongoing macroeconomic headwinds, including inflationary pressure, supply-chain issues and the Russia-Ukraine war. NortonLifeLock estimates that the merger will create approximately $280 million of annual cost synergies. The acquisition is also anticipated to strengthen the financial profile of the combined entity through cost synergies, increased scale, long-term growth and strong cash flow generation. It projects that the acquisition will drive double-digit growth in earnings per share within the first full year following the completion of the transaction and double-digit growth in revenues over the long run. NLOK believes that the combination will be accretive to its top and bottom-line growth. The merger will strengthen geographical diversification and will likely help NortonLifeLock expand its presence in the Small Offices/Home Offices cyber security and very small businesses markets. The U.S.-cybersecurity firm believes that this combination will untie their complementary product portfolio strength for more than 500 million users. The acquisition of Avast will help NortonLifeLock enhance its product portfolio and customer base. Avast makes free and premium security software for desktops and mobile devices, while NLOK primarily deals with consumer cyber safety. ![]() The merger will combine two broad and complementary product portfolios, thereby helping NortonLifeLock become a global leader in the consumer security software market. price-consensus-chart | NortonLifeLock Inc. ![]() U.S.-based NortonLifeLock and U.K.-based Avast Plc reached a merger agreement on Aug 10, under which the former agreed to acquire the latter in a cash-and-stock deal worth $8.6 billion. Why Does Avast Buyout Make Sense for NortonLifeLock? ![]()
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