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

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.

You'd think a company known for anti-virus products wouldn't be a market mover.

But here we are, watching the technology companies plummet like seagulls full of Alka-Seltzer. Right now, shares of McAfee (MFE) are down 7% after the company reported a 25% drop in profit, which is nothing to scoff at.

Read the rest of this story »

See Also:

• Online Video Viewing Hours
• Mid-Day Market Recap: Energy In Rally Mode, But Not Much Else
• Case Almost Closed: Insider Trading Doesn't Harm Investors

Filed under: Earnings reports, Dell (DELL), AT and T (T), Verizon Communications (VZ), Symantec Corp (SYMC)

Continue reading Investors less secure about McAfee

McAfee (MFE) posted Q3 revenue of $485.3 million, up 18% from a year ago, and just a hair below the Street at $486.6 million. The security software provider posted non-GAAP EPS of 62 cents a share, a penny ahead of the consensus forecast.

For Q4, the company sees revenue of $505 million to $525 million, with non-GAAP profits of 61-65 cents a share; the Street has been expecting $506.7 million and 63 cents.

MFE, which rose $1.51 in the regular session, is down $1.75, or 4%, to $42.50, in late trading.

Filed under: Analyst reports, Analyst upgrades and downgrades, American Express (AXP), Research in Motion (RIMM), Procter and Gamble (PG), Analyst initiations

Analyst upgrades:

McAfee (MFE) is trading higher this morning after FBR Capital analyst Daniel Ives raised his rating on the security software company to Outperform from Market Perform, while boosting his price target to $50, from $41.

“Over the last few weeks, we have picked up incremental data points from the field, leading us to believe that deal flow has been strong than expected for McAfee during the course of the September quarter,” Ives writes in a research note. He thinks the company is now likely to see better-than-expected bookings heading into Q4.