Here’s Why LifeLock, Inc (LOCK) Stock Is Plunging Today

Advertisement

LifeLock, Inc (LOCK) stock is plummeting today due to a number of factors.

Lifelock, IncApproximately 3.4 million shares switched hands Friday following a trading session Wednesday. LifeLock is a security and surveillance company that offers identity theft and fraud protection.

The dip in LOCK stock can be attributed to a number of factors including CFO Chris G. Power’s decision to sell restricted shares.

TheStreet rates LifeLock as a Hold and gives it a C rating. The company posted revenue growth higher than the industry average of 5.2%–revenue rose 28.5% from the year-ago period.

LifeLock also has a debt-to-equity ratio of zero but the company has underperformed in its equity return compared to the rest of the industry. Its net income has decreased by 15.7% compared to the year-ago period.

The 2015 revenue growth consensus for LifeLock is at 22%.

LOCK stock is down about 14.4% Friday afternoon.

More From InvestorPlace

 


Article printed from InvestorPlace Media, https://investorplace.com/2015/01/lifelock-inc-lock-stock/.

©2024 InvestorPlace Media, LLC