McAfee Inc.  (MFE) Trade Now »     Rate MFE  -  Discuss MFE  -  Add to Watch List        

As money continues to flow out of the resource and energy sectors (it’s a correction folks - not the end of the Supercycle) investors are turning to tech stocks to rebuild their damaged portfolios. Last week I wrote about some tech companies that are thriving during the economic downturn by helping corporations cut costs (Tech Sector Provides Safe Haven).

McAfee reports fourth quarter results on Thursday, February 8 after the close – expect company to post revenue better than consensus estimates of $290.1 million and $0.34 and management’s guided range of $275-295mn and $0.31-0.35.  Strong consumer spending and online sales likely to drive incremental bookings upside and potential margin expansion. Meanwhile corporate spending remains healthy and customer base is solid. Tons of catalysts coming – lifting of options issues, new CEO likely, possible take-out. Stock is not expensive.