![]() ![]() “The launch of NortonLifeLock today is a key step in our transformation towards a standalone, pure-play consumer cyber Safety business,” Vincent Pilette, NortonLifeLock’s chief financial officer, said in a statement. The new NortonLifeLock says nearly 50 million consumers use its products and services and claims that it’s a global leader in consumer cybersecurity. On its first day of trading, shares in the newly named company rose 1.85% to $24.19, with analysts such as Fatima Boolani at UBS rating the stock a buy with a target price of $27 per share. As a consequence, the company’s stock symbol changed from SYMC to NLOK on the Nasdaq exchange earlier today. The company is now NortonLifeLock Inc., but its previous name will live on since Broadcom owns the rights to the Symantec name for the company’s previous enterprise security products. is no longer Symantec, as the company changed its name following the completion today of Broadcom Inc.’s acquisition of its enterprise security business announced in August. ![]()
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