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Exam Code: ST0-155 Practice exam 2022 by Killexams.com team
Clearwell eDiscovery Platform 7.x Technical Assessment
Symantec helper
Killexams : Symantec helper - BingNews http://www.bing.com:80/news/search?q=Symantec+helper&cc=us&format=RSS Search results Killexams : Symantec helper - BingNews http://www.bing.com:80/news/search?q=Symantec+helper&cc=us&format=RSS https://killexams.com/exam_list/Symantec Killexams : Review: Symantec Endpoint Protection 12

I have a confession to make: I’m not usually blown away by the antivirus software I review.

Over the years, I have learned to expect certain things from these applications, and I have not been terribly surprised by most versions that have crossed my desk.

Certainly, definitions evolve, and the means of detection improve. But for the most part, antivirus software works its magic by comparing what it sees with a static set of definitions, then taking action when it identifies a match. The interface may become more intuitive, deployment more painless and detection more accurate, but the process itself remains largely unchanged.

But the latest iteration of Symantec Endpoint Protection (v.12) was a pleasant surprise. With SEP, Symantec changed direction.

Advantages

Symantec seems to have gone to great lengths to Boost overall performance by training the software to avoid scanning files unnecessarily. To achieve this, it has introduced Symantec Insight, technology that uses data collected from more than 175 million opt-in customers to rate the safety of and assign reputations to almost every executable (.exe) file available. The virus scanner uses this information to decide whether to scan a given file. When a reputation ranks highly, the application will skip it altogether, effectively minimizing scan times and lowering overall system resource utilization.

Additionally, the latest rendition of Symantec Online Network for Advanced Response (SONAR) introduces policy enforcement, which helps block new malicious processes before definitions become available. This is accomplished by observing a program’s behavior in real time while leveraging its actions against a behavioral profile. If the culmination of several suspicious actions results in a poor rating, the system will proactively stop the process and prevent it from further compromising the machine. Any administrator who has wrung her hands (or pulled his hair out) while waiting for a virus definition update will no doubt appreciate this added layer of malware protection.

Why It Works For IT

The management console is well designed and easy to learn, providing tools and data for the entire organization in a single panel. Administrators who have used previous versions of SEP will find the layout and logic familiar, as it is strikingly similar to that of v.11. Most common tasks can be carried out in much the same way as they always have been, from creating custom policies to deploying to new clients. Any administrator familiar with this product family will have no problem getting up to speed with changes in the new version.

To help, Symantec preconfigures the policy settings of the Small Business Edition of SEP 12. That means administrators can hit the ground running, making customizations as needed.

Last, but far from least, because Insight reduces the files scanned and the duration of scans, SEP 12’s performance is noticeably improved on client systems, resulting in a better overall experience for end users.

Disadvantages

Though the Small Business Edition boasts advances, they come at a price. The product becomes much cheaper when an organization passes the 25-client mark, and customers receive additional discounts for longer subscription terms.

Sun, 26 Jun 2022 12:00:00 -0500 Jason Holbert en text/html https://edtechmagazine.com/higher/higher/k12/k12/article/2012/05/review-symantec-endpoint-protection-12
Killexams : Symantec's Gillett Says Biggest Cyber Threat Isn't What You Think No result found, try new keyword!Some are doing it very well, some of them need some help, but the customer is demanding ... The wrapping through the Symantec Sealed Program is something we are going to market with today for ... Mon, 18 Jul 2022 12:00:00 -0500 en-us text/html https://www.thestreet.com/opinion/symantecs-gillett-says-biggest-cyber-threat-isnt-what-you-think-12822234 Killexams : Cloud Security Solutions Market 2022-2028: Mergers and Acquisitions, Expansion Plans by top companies – Cisco, IBM, McAfee, Symantec

The MarketWatch News Department was not involved in the creation of this content.

Aug 05, 2022 (Market Insight Reports) -- Overview of the Global Cloud Security Solutions Market:

The Cloud Security Solutions Market Report 2022 report provides the latest industry data and future industry trends. The report lists leading competitors and manufacturers in the Cloud Security Solutions industry and provides strategic industry insights and analysis of factors influencing the competitiveness of the market. The geographical scope of the Cloud Security Solutions market is studied. The forecast market information, SWOT analysis, market scenario, and feasibility study are the vital aspects analyzed in this report.

Looking forward, Market Intelligence Data Group expects the market to grow at a CAGR of 13.8% during 2022-2028.

Request demo Copy of this Report:

https://www.marketintelligencedata.com/reports/4306251/global-cloud-security-solutions-market-insights-forecast-to-2028/inquiry?mode=DiVya

Leading Players in the Cloud Security Solutions Market- Cisco, IBM, McAfee, Symantec, Trend Micro, Akamai Technologies, Alert Logic, Broadcom, Check Point Software Technologies, Clearswift, Fortinet, Imperva, NTT Security, Panda Security, SafeNet, SecureWorks, SKYHIGH NETWORKS, Sophos, Zscaler and other.

The leading players of the Cloud Security Solutions industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed based on production volume, gross margin, market value, and price structure. The competitive market scenario among Cloud Security Solutions players will help the industry aspirants in planning their strategies. The statistics offered in this report will be a precise and useful guide to shape business growth.

Global Cloud Security Solutions Market Segmentation:

Market Segmentation: By Application

Healthcare

Retail

Government

BFSI

IT & Telecom

Aerospace & Defense

Media & Entertainment

Manufacturing

Others

Market Segmentation: By Type

Cloud IAM

Cloud Email Security

Cloud IDS/IPS

Cloud DLP

Cloud SIEM

Get Special pricing with up to 30% Discount on the first purchase of this report:

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Regional and Country-level Analysis:

The key regions covered in the Cloud Security Solutions market report are North America,

Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers

key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy,

Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia,

Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia,

U.A.E, etc.

Key questions answered in the report include:

  1. What will the market size and the growth rate be in 2028?
  2. What are the key factors driving the Global Cloud Security Solutions Market?
  3. What are the key market trends impacting the growth of the Global Cloud Security Solutions Market?
  4. What are the challenges to market growth?
  5. Who are the key vendors in the Global Cloud Security Solutions Market?
  6. What are the market opportunities and threats faced by the vendors in the Global Cloud Security Solutions Market?
  7. Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.

Explore Full Report With Detailed TOC Here:

https://www.marketintelligencedata.com/reports/4306251/global-cloud-security-solutions-market-insights-forecast-to-2028?mode=DiVya

Crucial Elements from the Table of Contents of Global Cloud Security Solutions Market:

– Cloud Security Solutions Market Overview

– Global Cloud Security Solutions Market Competition, Profiles/Analysis, Strategies

– Global Cloud Security Solutions Capacity, Production, Revenue (Value) by Region (2016-2022)

– Global Cloud Security Solutions Supply (Production), Consumption, Export, Import by Region (2016-2022)

– Global Cloud Security Solutions Market Regional Highlights

– Industrial Chain, Sourcing Strategy, and Downstream Buyers

– Marketing Strategy Analysis, Distributors/Traders

– Market Effect Factors Analysis

– Market Decisions for the present scenario

– Global Cloud Security Solutions Market Forecast (2022-2028)

– Case Studies

– Research Findings and Conclusion

Finally, the Cloud Security Solutions Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. The Cloud Security Solutions industry report additionally presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Thanks for studying this article, If you need anything more than these then let us know and we will prepare the report according to your requirement.

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-Five Companies can added as per your choice.

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-Post-sales support for 1 year from the date of delivery.

Contact Us:

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Phone: + 1704 266 3234

sales@marketintelligencedata.com

COMTEX_411670679/2599/2022-08-05T09:00:34

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Fri, 05 Aug 2022 01:00:00 -0500 en-US text/html https://www.marketwatch.com/press-release/cloud-security-solutions-market-2022-2028-mergers-and-acquisitions-expansion-plans-by-top-companies-cisco-ibm-mcafee-symantec-2022-08-05
Killexams : Symantec's Outlook Is Insecure as Its Competitors Gain Ground No result found, try new keyword!Symantec, which missed Wall Street's estimate ... surrounding the business -- and with no guarantees that its split will help revive sales and profits -- the stock remains risky, despite how ... Sat, 18 Jun 2022 12:00:00 -0500 en-us text/html https://www.thestreet.com/opinion/symantecs-outlook-is-insecure-as-its-competitors-gain-ground-13248790 Killexams : Cloud-based Information Governance Market Located Worldwide Trends and Application – EMC, HP Autonomy, IBM, Symantec

The MarketWatch News Department was not involved in the creation of this content.

Aug 05, 2022 (Market Insight Reports) -- Overview of the Global Cloud-based Information Governance Market:

The Cloud-based Information Governance Market Report 2022 report provides the latest industry data and future industry trends. The report lists leading competitors and manufacturers in the Cloud-based Information Governance industry and provides strategic industry insights and analysis of factors influencing the competitiveness of the market. The geographical scope of the Cloud-based Information Governance market is studied. The forecast market information, SWOT analysis, market scenario, and feasibility study are the vital aspects analyzed in this report.

Looking forward, Market Intelligence Data Group expects the market to grow at a CAGR of 12.6% during 2022-2028.

Request demo Copy of this Report:

https://www.marketintelligencedata.com/reports/4306259/global-cloud-based-information-governance-market-insights-forecast-to-2028/inquiry?mode=DiVya

Leading Players in the Cloud-based Information Governance Market- EMC, HP Autonomy, IBM, Symantec, AccessData, Amazon, BIA, Catalyst, Cicayda, Daegis, Deloitte, Ernst & Young, FTI, Gimmal, Google, Guidance Software, Index Engines, Iron Mountain, Konica Minolta, Kroll Ontrak, Microsoft, Mimecast, Mitratech, Proofpoint, R and other.

The leading players of the Cloud-based Information Governance industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed based on production volume, gross margin, market value, and price structure. The competitive market scenario among Cloud-based Information Governance players will help the industry aspirants in planning their strategies. The statistics offered in this report will be a precise and useful guide to shape business growth.

Global Cloud-based Information Governance Market Segmentation:

Market Segmentation: By Application

BFSI

Public

Retail

Manufacturing

IT And Telecom

Healthcare

Others

Market Segmentation: By Type

Simple Storage And Retrieval

Basic Document Management

Complex Document Management

Functional Applications With Document Storage

Social Networking Applications With Document Storage

Get Special pricing with up to 30% Discount on the first purchase of this report:

https://www.marketintelligencedata.com/report/purchase/4306259?mode=su?mode=DiVya

Regional and Country-level Analysis:

The key regions covered in the Cloud-based Information Governance market report are North America,

Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers

key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy,

Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia,

Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia,

U.A.E, etc.

Key questions answered in the report include:

  1. What will the market size and the growth rate be in 2028?
  2. What are the key factors driving the Global Cloud-based Information Governance Market?
  3. What are the key market trends impacting the growth of the Global Cloud-based Information Governance Market?
  4. What are the challenges to market growth?
  5. Who are the key vendors in the Global Cloud-based Information Governance Market?
  6. What are the market opportunities and threats faced by the vendors in the Global Cloud-based Information Governance Market?
  7. Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.

Explore Full Report With Detailed TOC Here:

https://www.marketintelligencedata.com/reports/4306259/global-cloud-based-information-governance-market-insights-forecast-to-2028?mode=DiVya

Crucial Elements from the Table of Contents of Global Cloud-based Information Governance Market:

– Cloud-based Information Governance Market Overview

– Global Cloud-based Information Governance Market Competition, Profiles/Analysis, Strategies

– Global Cloud-based Information Governance Capacity, Production, Revenue (Value) by Region (2016-2022)

– Global Cloud-based Information Governance Supply (Production), Consumption, Export, Import by Region (2016-2022)

– Global Cloud-based Information Governance Market Regional Highlights

– Industrial Chain, Sourcing Strategy, and Downstream Buyers

– Marketing Strategy Analysis, Distributors/Traders

– Market Effect Factors Analysis

– Market Decisions for the present scenario

– Global Cloud-based Information Governance Market Forecast (2022-2028)

– Case Studies

– Research Findings and Conclusion

Finally, the Cloud-based Information Governance Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. The Cloud-based Information Governance industry report additionally presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Thanks for studying this article, If you need anything more than these then let us know and we will prepare the report according to your requirement.

Customization services available with the report:

-20% Free customization.

-Five Countries can be added as per your choice.

-Five Companies can added as per your choice.

-Free customization upto 40 hours.

-Post-sales support for 1 year from the date of delivery.

Contact Us:

Irfan Tamboli (Head of Sales) - Market Intelligence Data

Phone: + 1704 266 3234

sales@marketintelligencedata.com

COMTEX_411670791/2599/2022-08-05T09:01:36

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The MarketWatch News Department was not involved in the creation of this content.

Fri, 05 Aug 2022 01:01:00 -0500 en-US text/html https://www.marketwatch.com/press-release/cloud-based-information-governance-market-located-worldwide-trends-and-application-emc-hp-autonomy-ibm-symantec-2022-08-05
Killexams : Symantec Announces Industry’s First Integrated Email Threat Isolation Solution to Render Advanced Email Attacks Harmless

Symantec Corp (NASDAQ: SYMC), the world’s leading cyber security company, has introduced Email Threat Isolation, which blocks advanced email attacks on end user devices by helping to protect users against spear phishing, credential theft, account takeover and ransomware attacks. Symantec is the first and currently only vendor to offer a complete and integrated email security solution with threat isolation technology for enterprise email, which protects customers from the kind of sophisticated email attacks that are so prevalent in the cloud generation.

“Despite significant efforts by our industry to detect and block email-borne threats, messaging remains the primary vector for malware and scams within the enterprise. The industry requires a paradigm shift to properly secure messaging, and we are excited to be bringing the innovation of integrated isolation technology to email,” said Greg Clark, Symantec CEO. “This revolutionary technology helps enterprises to quickly and easily isolate all malicious email content – both internal and external – to substantially reduce inherent risks within messaging applications. Further, because the technology is cloud-based, organizations can be up and running quickly and easily, reducing stress on already taxed IT teams.”

Email Threat Isolation takes prevention to the next level by ensuring suspicious links to risky web pages are isolated, allowing safe access. This capability gives customers elevated levels of protection against advanced email attacks by creating a secure remote execution environment between users and malicious content. Symantec is the only vendor to offer risk-level based isolation policies to send web traffic from suspicious links to this remote environment, which confines all malicious activity, and only sends a safe visual representation of the content down to the user. In addition, Symantec Email Threat Isolation can render such sites in read-only mode which prevents unsuspecting employees from disclosing sensitive information such as corporate credentials.

Rob Ayoub, Program Director, Security Products, IDC said, "Phishing and ransomware attacks are constantly evolving and are becoming increasingly sophisticated. Isolation represents a new approach to defending against these insidious threats and is particularly useful to defend high value targets. Symantec is the first to integrate threat isolation into its email security solution."

"We are bringing innovation to this critical control point, to significantly reduce reliance on employee behavior, and give IT administrators greater control over their email environment,” said Patrick Gardner, Symantec senior vice president, email security and advanced threat protection. “As part of our mission to deliver an integrated cyber defense platform, we designed Email Threat Isolation to provide advanced phishing protection to all organizations, whether they use Symantec Email Security or third-party email security solutions. "

Symantec Email Threat Isolation is available globally as a cloud-based service or an on-premises solution.

Mon, 18 Jul 2022 12:00:00 -0500 en text/html https://www.albawaba.com/business/pr/symantec-announces-industry%E2%80%99s-first-integrated-email-threat-isolation-solution-render-ad
Killexams : 7 Shocking Statistics on Small Business Data Theft

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Sun, 03 Jul 2022 20:16:00 -0500 en-US text/html https://www.business2community.com/cybersecurity/7-shocking-statistics-small-business-data-theft-01702419
Killexams : Mobile Security Market to Witness Growth Acceleration | IBM, VMware, Symantec

New Jersey, N.J., Aug 03, 2022 The Mobile Security Market Research Report is a professional asset that provides dynamic and statistical insights into regional and global markets. It includes a comprehensive study of the current scenario to safeguard the trends and prospects of the market. Mobile Security Research reports also track future technologies and developments. Thorough information on new products, and regional and market investments is provided in the report. This Mobile Security research report also scrutinizes all the elements businesses need to get unbiased data to help them understand the threats and challenges ahead of their business.

Mobile security, or security of mobile devices, protects smartphones, tablets, and laptops from the dangers of wireless computing. It becomes more and more important in notebook computers. The security of personal and business data currently stored on smartphones is of particular concern. The growing popularity of smartphones, tablets, laptops, and other portable devices for personal and professional use is a key factor driving the entire market. Moreover, the rise of the bring your own device (BYOD) trend among enterprises has increased the security challenges for organizations and employees.

Get the PDF demo Copy (Including FULL TOC, Graphs, and Tables) of this report @:

https://www.a2zmarketresearch.com/sample-request/656412

“Mobile Security is growing at a good CAGR over the forecast period. Increasing individual interest in Service industry is a major reason for the expansion of this market.”

Top Companies in this report are:

IBM, VMware, Symantec, Sap, Intel, F5 Networks, Apple, Check Point, Alcatel-Lucent, Air patrol.

Report Overview:

* The report analyses regional growth trends and future opportunities.

* Detailed analysis of each segment provides relevant information.

* The data collected in the report is investigated and Checked by analysts.

* This report provides realistic information on supply, demand and future forecasts.

Mobile Security Market Overview:

This systematic research study provides an inside-out assessment of the Mobile Security market while proposing significant fragments of knowledge, chronic insights and industry-approved and measurably maintained Service market conjectures. Furthermore, a controlled and formal collection of assumptions and strategies was used to construct this in-depth examination.

Segmentation

The report offers an in-depth assessment of the Mobile Security market strategies, and geographic and business segments of the key players in the market.

Market Segmentation: By Type

Solution (Mobile Identity Management, Mobile Data)
Service (Implementation, Training & Support)

Market Segmentation: By Application

Medical
Communication
Retail
Energy & Utilities
Travel & Hotel
Education
Manufacturing
Aerospace And Defense
Other

During the development of this Mobile Security research report, the driving factors of the market are investigated. It also provides information on market constraints to help clients build successful businesses. The report also addresses key opportunities.

For Any Query or Customization: https://a2zmarketresearch.com/ask-for-customization/656412

This report provides an in-depth and broad understanding of Mobile Security. With accurate data covering all the key features of the current market, the report offers extensive data from key players. An audit of the state of the market is mentioned as accurate historical data for each segment is available during the forecast period. Driving forces, restraints, and opportunities are provided to help provide an improved picture of this market investment during the forecast period 2022-2029.

Some essential purposes of the Mobile Security market research report:

o Vital Developments: Custom investigation provides the critical improvements of the Mobile Security market, including R&D, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.

o Market Characteristics: The report contains Mobile Security market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.

o Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the Mobile Security market by methods. Systematic tools and methodologies, for example, Porter’s Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the Mobile Security market.

o Convincingly, the Mobile Security report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the Service market.

Buy Exclusive Report @: https://www.a2zmarketresearch.com/checkout

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Roger Smith

1887 WHITNEY MESA DR HENDERSON, NV 89014

[email protected]

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Wed, 03 Aug 2022 01:17:00 -0500 A2Z Market Research en-US text/html https://www.digitaljournal.com/pr/mobile-security-market-to-witness-growth-acceleration-ibm-vmware-symantec
Killexams : The Right Play On NortonLifeLock
Hacker hand using keyboard typing bad data into laptop computer online system and spreading to global stolen personal information

Maxxa_Satori/iStock via Getty Images

Being challenged in life is inevitable, being defeated is optional."― Roger Crawford

Today, we take a look at a fairly well-known company fighting identity theft. The stock has taken hit lately as a strategic merger has hit a bit of a snag. This is likely to be resolved favorably, and the purchase will create considerable synergies when completed. An analysis follows below.

NLOK Stock Chart

Seeking Alpha

Company Overview:

NortonLifeLock Inc. (NASDAQ:NLOK) is a Tempe, Arizona-based identity theft protection company tasked with preventing, detecting, and restoring potential damages caused by cyber criminals to retail consumers. The company boasts a consumer cyber safety platform with ~80 million users and 23.5 million direct accounts in more than 150 countries. Peter Norton Computing was formed in 1982 and acquired by cybersecurity firm Symantec in 1990. LifeLock was founded in 2005 and purchased by Symantec in 2017. The combination was rechristened to its current moniker after Symantec spun out its enterprise division in 2019. Shares of NLOK trade just under $25.00 a share, translating to a market cap of $12.7 billion.

The company operates on a fiscal year (FY) ending on the closest Friday to March 31. As such, April 1, 2022, marked the end of FY22.

Business Model & The Cyber Security Market

According to The Harris Poll, over 415 million people across 10 countries were victims of cybercrime in 2021, with 81 million victims of identity theft. These victims spent ~4.4 billion hours trying to restore their identities or resolve other cybercrime-related issues. Norton's charge is to prevent these offenses with its product offerings to the retail consumer.

Norton generates revenue through a subscription model, whereby individuals and companies pay a monthly fee to receive three types of products that include security, identity protection, and online privacy. LifeLock provides protection against identity theft for an individual or family with a guarantee - contingent upon the package type - of up to $1 million for property confiscated as a result of online theft occurring on its watch, as well as another $1 million to cover attorney and expert fees in the recovery process. The company also offers Norton 360, which provides protection against malware and other online attacks. Norton also provides an encrypted data tunnel for secure transmission of sensitive data, reputation management services, and anonymous browsing capabilities.

For this business, Norton competes against security providers such as Czech concern Avast (AVST) - more on it shortly - Romanian cybersecurity firm Bitdefender, McAfee, Kaspersky, Trend Micro (OTCPK:TMICF), Apple (AAPL), and Microsoft (MSFT). In identity, the company contends with products from credit bureaus such as Equifax (EFX), Experian (OTCQX:EXPGF), and TransUnion (TRU), as well as theft protection offerings from Allstate (ALL) and Credit Karma (KARMA). For the online privacy customer, Norton competes with Life360, Kape's (OTC:CSSDF) ExpressVPN (virtual private network), and NordVPN, among others.

Proposed Avast Merger

This competitive landscape was potentially altered when Norton announced its intentions to acquire Avast in August 2021. Still subject to UK regulatory approval, the combination will significantly raise its product users by ~435 million to ~515 million, while expanding its portfolio of consumer offerings that leverages Norton's strength in identity with Avast's bailiwick in privacy. It also broadens an already diverse geographic reach - about half its revenues are currently from international sales - and facilitates expansion into home office and very small business security. Further down the income statement, Norton expects to realize $280 million in annual cost savings, which should help drive double-digit EPS growth within one year of consummation.

In what could be termed a risk arbitrageur's dream, Avast shareholders can elect to receive either: (i) $7.61 a share in cash and 0.0302 shares of NLOK; or (ii) $2.37 a share in cash and 0.1937 shares of NLOK. Although the combination unlocks significant synergies and the market bid up its stock when the deal was first announced, given the recent pullback in Norton's share price, it appears that most rational shareholders - assuming deal approval - will choose option (i).

Share Price Performance

Unlike the seemingly countless 2021 IPOs and other high-growth, cash-bleed companies whose share prices have been decimated by higher cost of capital concerns, Norton's approximate 20% slide since setting an all-time high of $30.92 in February 2022 is a function of Avast merger uncertainty. The combination was initially slated to close on February 24th, which was later revised to April 4th. Although it had received regulatory clearance from the requisite authorities in countries within the EU and the U.S., the Competition and Markets Authority [CMA] in the UK elected to refer the merger to Phase 2 investigation, concerned that the combination will garner between 40% and 50% market share (by revenue), in effect rendering the UK market a duopoly (with McAfee). When Norton announced the CMA's intention to delay approval of the deal pending its Phase 2 investigation on March 16, 2022, its stock sold off 13% in the subsequent trading session, commencing a three-month tailspin. That said, management is still confident the acquisition will close sometime in 2H22.

4QFY22 Results:

With the deal's closing up in the air, Norton announced 4QFY22 and FY22 results on May 5th, posting $0.46 a share (non-GAAP) on revenue of $716 million in its final fiscal stanza versus $0.40 a share (non-GAAP) on revenue of $672 million in 4QFY21, registering 15% and 7% improvements, respectively. These results were $0.01 and $7 million better than Street expectations, marking its tenth consecutive quarter of year-over-year growth at the top line. GAAP gross margin was 85.9% versus 85.3% in 4QFY21 and non-GAAP operating margin was 54.5% versus 50.5%. Norton added 123,000 new customers quarter-over-quarter and 576,000 year-over-year while exiting its fiscal year with a direct monthly ARPU of $8.89, down from $9.01 in the prior year.

NortonLifeLock Quarterly Highlights

May Company Presentation

The company did not provide projections for FY23, only 1QFY23, which was $0.43 a share (non-GAAP) on revenue of $710 million (based on range midpoints). Although this guide was $0.03 shy of Street expectations, it should be noted that the earnings estimate includes headwinds from currency of $0.03 a share and from new accounting standards of $0.02 a share. The market did not react meaningfully to this report.

Balance Sheet & Analyst Commentary:

Assuming the deal is eventually consummated, and Avast shareholders elect the cash-heavy option, it will cost Norton ~$8.3 billion, of which the cash portion will be ~$7.9 billion. It will be financed by $1.9 billion of balance sheet cash and debt, the latter of which the company is already carrying $2.7 billion while inheriting an additional ~$350 million [NET] from Avast. Leverage post-acquisition will be a little north of 4.0. That said, Norton generated cash from operations of $974 million in FY22 and the combination should kick off cash of ~$1.5 billion before synergies are factored into the algebra, permitting a quick paydown.

NortonLifeLock Balance Sheet

May Company Presentation

Before the Avast deal was announced, Norton engaged in an aggressive share repurchase program as a means of returning capital to shareholders. It was initially suspended during the Avast acquisition process but resumed in April 2022, with the company buying back approximately four million shares in the first six weeks of FY23. The company also pays a quarterly dividend of $0.125 a share, translating to a current yield of just north of two percent.

With an uncertain path to merger consummation against the backdrop of the worst inflation in 40 years, it isn't surprising to see the Street tepid on Norton's prospects. Currently, analysts rendering commentary over the past year feature three buy ratings and two holds. Their median twelve-month price target is just under $28 a share within a tight price target range ($26 to $29). They expect the company to earn $1.81 on revenue of $2.92 billion in FY23, followed by $1.96 a share on revenue of $3.08 billion in FY24. These projections do not include the potential impact of Avast.

Board member Peter Feld, representing the interests of funds run by Starboard, is very bullish on Norton. On behalf of those funds, he purchased 2.5 million shares under $22.50 a share between June 13th and June 15th.

Verdict:

The selloff in the overall market combined with hand wringing concerning the Avast combination have shares of NLOK trading at just over 13x FY23E EPS. It can be argued that its high debt load (assuming acquisition) and macroeconomic headwinds (such as fewer PC shipments) are not deserving of a higher multiple. That said, Norton kicks off a ton of cash and will kick off even more if Avast is eventually approved. Either way, the arb short pressure will be removed and shares of NLOK should be more buoyant. In the meantime, with deal uncertainty already factored in, the company's stock will likely remain in a narrow range until a regulatory decision out of the UK is known, making a covered call strategy a solid play to Boost on its just over two percent yield.

A challenge only becomes an obstacle when you bow to it."― Ray A. Davis

Thu, 21 Jul 2022 00:49:00 -0500 en text/html https://seekingalpha.com/article/4524778-right-play-on-nortonlifelock
Killexams : Broadcom Software Return to Face-to-Face Customer Engagements

By Tom Thorpe, Vice President International Markets, Broadcom Software

It’s been great to see people returning to face-to-face meetings in recent months – for us at Broadcom Software, a little more than most.

Talk about timing: just as we completed the acquisition of Symantec in November 2019, a global pandemic hit. With companies shutting their offices and shifting to remote work, Covid restrictions limited our ability to communicate with customers about the great value the acquisition brings our customers to mostly virtual communication channels. Even after we formed Broadcom Software as a dedicated business one year after closing the deal, the timing still wasn’t quite right to return to in-person meetings on a large scale.

My team and I finally got back on the road last month, holding three customer events over a week in London, Paris, and Bologna. And what a tremendous experience it was.

You can be very well positioned in the market in terms of scale and reach. You can have a very well-thought-through strategy. And you can communicate your strategy via virtual communication channels. At Broadcom Software, we take pride in being able to check all
three of those boxes. But these live customer events reminded me just how critical face-to-face communications is for successful business relationships.

It doesn’t matter how good everything looks on paper; when you’re the CIO, CTO, CISO, or CPO of a large organization dealing with a big supplier of many of your business-critical applications, face-to-face, personal engagement with the individuals driving those software roadmaps and supporting services is critical.

Over the course of our conversations, customers talked about three primary challenges where the pandemic left an indelible mark, including:

Evolution to an increasingly hybrid digital environment

Maximum agility and efficiency require employees and business-critical applications to be able to transition seamlessly with the same experience, protected by the same security policies, across on-premises, cloud, and remote working environments. To support that, a core part of our mission is to enable customers to consume software in whatever format they want, across those different environments. Our Web Protection Suite (WPS) is a good example.

Reducing costs through the simplification of IT operations

Many of our customer environments are burdened with an accumulation of vendors, vendor software, and commercial agreements that either overlap with each other or outright duplicate one another. It’s not uncommon for us to come across customers with a couple of hundred vendors in the same security stack. Often exacerbated by historical M&A activity, it’s also quite common to see large customers with offices all over the world that have dozens of different commercial agreements in place – all with the same vendor.

It’s not unusual either for customers to share with us that in some parts of their organization they are still trying to figure out what software is running where and under what licensing agreement. It was great to feel the enthusiasm in London, Paris, and Bologna for the efficiencies our breadth and scale of operation can bring customers in procuring and managing their software. To give just one example, our Portfolio License Agreement (PLA) provides a single license allowing access to our entire portfolio spanning all our acquired companies.

Lingering skills gap

We’re not just intimately familiar with the cyber security space, where the shortage of skilled people shows little sign of abating. We have the same visibility into the challenges of finding people who can serve the mainframe market, a shortage that’s made worse as older, skilled experts exit the workforce for retirement. Our Vitality program is a great example of the kind of hiring, training, and customer placement programmes we are investing in to counter that trend. Vitality is a skills development program designed to cultivate next-gen mainframe talent. And while Vitality serves the mainframe market, I was able to share with customers that we intend to expand our existing training programmes in other core security and agile operations market segments as well.

A last take-away from our mini-European tour: Customers I met with invest a lot of time figuring out how to adjust their strategy and operating model in response to disruptive market forces. Whether we’re talking about geopolitical impacts on supply chain operations, new entrants in the marketplace, or intensified M&A activity by competitors, many customers spend as much time thinking about how to reinvent their operating model as they do on optimizing their current model. As a large and trusted partner, one that’s intimate with current models, it’s clear to me that we’re very well placed to help shape these ideas as well as enable customers to execute on their transformation.

To learn more about how Broadcom Software can help you modernize, optimize, and protect your enterprise, contact us here.

About the Author:

Broadcom Software

Tom has experience in Cyber, Software, and Outsourcing industries over the last 20 years, with strong focus on using Agile Scrum frameworks. He currently leads the international sales team for Broadcom Software as the Vice President of International Markets.

Mon, 11 Jul 2022 01:47:00 -0500 en-US text/html https://www.cio.com/article/402834/broadcom-software-return-to-face-to-face-customer-engagements.html
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