Three more updates you need to know

Article Excerpt

NORTONLIFELOCK INC. $25 is a buy. The company (Nasdaq symbol NLOK; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 581.3 million; Market cap: $14.5 billion; Price-to-sales ratio: 5.8; Dividend yield: 2.0%; TSINetwork Rating: Average; www.nortonlifelock.com) is now in talks to buy European cybersecurity firm Avast plc. The purchase would expand NortonLifeLock’s focus on consumer software. The deal could value Avast at more than $8 billion. NortonLifeLock has until August 11 to make a firm offer according to U.K. takeover regulations. Avast, which is based in Prague but trades on the London Stock Exchange, primarily makes both free and premium security software for consumers. That product is focused on desktop, server and mobile-device protection. Avast has 435 million active users and its 2020 revenue was roughly $893 million. To put that into perspective, NortonLifeLock reported revenue of $691 million in the latest quarter. NortonLifeLock is still a buy. TEGNA INC. $18 is still a buy for long-term gains. The company (New York symbol TGNA, Conservative Growth Portfolio,…