LifeLock (LOCK) provides identity theft protection services for consumers; and identity risk assessment and fraud protection services for enterprises in the United States.
It protects consumer subscribers through monitoring identity-related events, such as new account openings and credit-related applications; and enterprise customers through delivering on-demand identity risk and authentication information about consumers.
The company offers LifeLock Identity Alert system, which provides its members with real-time alerts and a response system for identity threats through text message, phone call, or e-mail; and ID Score, an identity risk service that delivers on-demand assessment of the risk of an individual at account opening and throughout the customer lifecycle.
As of December 31, 2012, the company served approximately 2.5 million paying members; and 250 enterprise customers, including financial institutions, telecommunication and cable services providers, government agencies, technology companies, large retailers, automobile and mortgage lenders, and e-commerce providers.
Shares have formed a bullish "flag" following the company's better than expected results.
52-Week Trading Range: $6.80 - $17.79
Entry Point: $17.00
Stop Loss: $16.15
Target Price: $18.70
LOCK is sitting at our stop loss. We closed the position.