Welcome to our dedicated page for Mcafee news (Ticker: MCFE), a resource for investors and traders seeking the latest updates and insights on Mcafee stock.
McAfee Corp. develops consumer online protection products and publishes cybersecurity research through McAfee Labs. Company news centers on scam intelligence, malicious and suspicious web activity, mobile threats, brand impersonation, travel-related fraud risks, and product recognition for McAfee Total Protection, including anti-malware, identity monitoring, secure VPN, and safe browsing features.
McAfee's corporate history also includes the completed acquisition by an investor group led by Advent International and Permira, after which the company became a privately held, dedicated consumer online protection business.
Summary not available.
Advent International announced the successful fundraising of Advent Global Technology II, surpassing its $3 billion target by 33% to reach a hard cap of $4 billion in just six months. This new fund, double the size of its predecessor, Advent Tech, aims to support innovative tech companies in North America and Europe. Advent Tech II has already made four investments, including a significant stake in McAfee Corp. for over $14 billion, marking the largest-ever take-private of a software company. Strong backing from a diverse investor base demonstrates confidence in Advent's strategy.
Monteverde & Associates PC is investigating three companies regarding their proposed mergers. McAfee Corp. (MCFE) is under scrutiny for its acquisition by an investor group, offering shareholders $26.00 per share. Level One Bancorp, Inc. (LEVL) is exploring its merger with First Merchants Corp., with a proposed deal of $10.17 in cash and 0.7167 shares of First Merchants stock per LEVL share. Viasat, Inc. (VSAT) is also being examined for its merger with Inmarsat, involving $850 million in cash and 46.36 million newly issued shares. Investors can seek more information for free.
McAfee Corp. (NASDAQ: MCFE) reported significant financial growth for Q3 2021, with net revenue increasing by 24% to $491 million and Adjusted EBITDA rising 43% to $234 million. The company added 640,000 new Direct-to-Consumer subscribers, totaling 20.1 million, a 16% year-over-year growth. The net income was $2.39 billion, primarily boosted by a significant gain from divesting its Enterprise business. McAfee aims to expand its online protection services and has secured a multi-year partnership with T-Mobile.
McAfee Corp. (NASDAQ: MCFE) has confirmed its acquisition by an investor group led by Advent International and Permira for $26.00 per share, valuing the transaction at over $14 billion. This represents a 22.6% premium over McAfee’s last closing price of $21.21 on November 4, 2021. The acquisition, expected to finalize in the first half of 2022, will transition McAfee into a private entity, enabling further growth in the consumer cybersecurity market following the sale of its enterprise business.
McAfee Corp. (NASDAQ: MCFE) will announce its third quarter fiscal 2021 financial results on November 9, 2021. The earnings report will cover the period ending September 25, 2021, and will be released after the U.S. markets close. Following the release, management will hold a conference call at 5:00 p.m. Eastern Time to discuss the results. Interested parties can join via dial-in or through a webcast available on the company's Investor Relations page.
McAfee Corp. (Nasdaq: MCFE) announced the appointment of Emily Rollins, a former Deloitte Partner, to its Board of Directors and Audit Committee. With a 30-year career and experience with over 50 companies in Technology, Media, and Telecommunications, Rollins brings expertise in corporate governance and audit processes during growth phases. McAfee's CEO Peter Leav highlighted her valuable addition to the board as the company navigates a rapidly evolving online protection landscape. Rollins aims to enhance McAfee’s innovative product delivery and scalability.
McAfee Corp. (Nasdaq: MCFE) announces Gagan Singh as the new Executive Vice President and Chief Product and Revenue Officer, enhancing the management team to drive innovation and customer growth. Singh brings over 20 years of experience from NortonLifeLock and Avast. His primary focus will be on product strategy and market expansion. Following a strong fiscal second quarter, with 22% revenue growth and 38% adjusted EBITDA growth year-over-year, McAfee aims to strengthen its position in online protection amidst increasing cybersecurity threats.
McAfee has unveiled its new Identity Protection Service through the McAfee Protection Center, marking a significant advancement in online security. This service, aimed at over 28 million customers of McAfee® Total Protection and McAfee® LiveSafe™, offers a personalized Protection Score and an all-in-one mobile security app. With enhanced features like early detection of identity threats and integrated VPN, the service strengthens privacy and identity protection across 32 countries by year-end 2021. The new offerings reflect McAfee's commitment to protecting consumers online, rather than just securing devices.
McAfee Corp. (Nasdaq: MCFE) announced the appointment of Gunther Bright, a veteran from American Express, to its Board of Directors. Bright’s extensive experience in the payments industry and track record of driving transformation and growth will strengthen McAfee's leadership. His role is considered crucial as the company accelerates its consumer growth strategy. Bright has over 33 years at American Express, focusing on innovative growth strategies and strategic partnerships. This appointment is seen as a pivotal move for McAfee amid its ongoing transformation in online protection.