LifeLock Gets Socked After Q2 Earnings Report

em>Joel Elconin is the co-host of

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LifeLock Inc

shares are trading $0.98 at $7.59. A Q2 beat for EPS ($.10 vs. Est $0.09) with better than expected sales ($145M vs. Est. $143.63) is not enough to make investors forget about the pending issues with the Federal Trade Commission. In Wednesday's session short scrambled for cover ahead of the report rallying from $7.71 to $8.57. However, the issue has relinquished all of those gains and then some. After a sharply lower open, ($7.54 vs. Wednesday's close of $8.57), the issue made a new low for move in the early trading, eclipsing the old ($7.70), reaching $7.45 before attempting to rebound. The ensuing rally ended at $7.85 and the issue is now approaching the lows for the day. It is trading at level not seen since December 2012, when it bottomed at $6.80. The latest analyst move came today from Dougherty & Company whom downgraded the issue from Buy to Neutral..