Tag Archive for: MCAFEE
Why McAfee Stock Skyrocketed Friday Afternoon
What happened
Shares of McAfee (NASDAQ:MCFE) were quiet most of Friday, going sideways on perfectly ordinary trading volume. The computer security veteran suddenly sprung to life at 3:15 p.m. EDT as Bloomberg reported that the company is in “advanced talks” to go private. McAfee closed Friday’s trading 20% above Thursday’s closing price, having backed down from a peak gain of 24.4%.
Image source: Getty Images.
So what
A deal could be announced in a matter of days, according to Bloomberg’s anonymous insider sources. The final price tag should land above the $10 billion mark in a team-up by private equity firms Permira and Advent International. Both firms focus on international growth investments and they have a total of $125 billion under management.
Now what
McAfee returned to the stock market in October 2020, having spun out from microchip maker Intel (NASDAQ:INTC) in 2016 after six rocky years acting as Chipzilla’s data security division. This business is no stranger to the borderline between private and public companies. If Bloomberg’s report is correct, Permira and Advent are likely to tighten up McAfee’s operations away from the harsh glare of public investors, preparing to take it public again at a higher price a couple of years down the road. That’s standard operating procedure for splashy private equity buyouts.
Friday’s action brought McAfee’s market cap to $11 billion, which is 10% above the suggested buyout price. It remains to be seen whether the equity firms are willing to follow through on this idea under these circumstances, as investors might balk at a final offer below the market price at the time. Moreover, McAfee isn’t exactly a paragon of financial health. Getting this buyout ready for a profitable relaunch on the public market would take more than a spit-shine.
Next Thursday’s third-quarter report will shed some light on McAfee’s future. If Advent and Permira are serious about the reported deal, I wouldn’t be surprised to see the official announcement on the day of that report. Either way, I’m not itching to get my hands on McAfee shares right now. Whether the buyout is happening or not, I don’t see much room for…
Internet Security Software Market Innovative Strategy by 2028 | Symantec, McAfee, Trend Micro, AVG, Avast Software, ESET – IMIESA
JCMR recently introduced Global Internet Security Software study with 250+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on Internet Security Software Market by Types by End-Users/Application, Organization Size, Industry, and Region – Forecast and outlook to 2029″. At present, the Internet Security Software market is developing its presence and some of the key players profiled in the report include: Symantec, McAfee, Trend Micro, AVG, Avast Software, ESET, Bitdefender, Fortinet, F-Secure, G DATA Software, Avira, Qihoo 360, Kaspersky, Panda Security, Quick Heal, Comodo, Microsoft, Rising, Cheetah Mobile, AhnLab
Total Market by Segment:
Internet Security Software Market, By Type, 2016-2021, 2022-2027 ($ Millions)
Internet Security Software Market Segment Percentages, By Type, 2020 (%)
Linux
Macintosh OS
Microsoft Windows
Internet Security Software Market, By Application, 2016-2021, 2022-2027 ($ Millions)
Internet Security Software Market Segment Percentages, By Application, 2020 (%)
Individual Users
Enterprise Users
Government Users
Furthermore, the years considered for the study are as follows:
Historical year – 2013-2019
Base year – 2020
Forecast period** – 2021 to 2029 [** unless otherwise stated]
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Primary validation
This is the final step in estimating and forecasting for our Internet Security Software report. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Internet Security Software Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the Internet Security Software market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the Internet Security Software market, current business scenario, and future…
