Mcafee Corp. Stock Price, News & Analysis

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.

McAfee Corp. (NASDAQ: MCFE) has declared a cash dividend of $0.115 per share on its Class A common stock for Q3 2021. The dividend will be payable on or about October 8, 2021 to shareholders of record by 5:00 p.m. EST on September 24, 2021. This move highlights the company's commitment to returning value to its shareholders while maintaining its position as a leading provider of online protection.

McAfee Corp. has announced a public offering of 20,000,000 shares of Class A common stock at a price of $22.50 per share, all from Selling Stockholders. The offering is expected to close on September 14, 2021, subject to standard conditions. Additionally, underwriters have a 30-day option to buy up to 3,000,000 extra shares. McAfee will not receive any proceeds from this sale. The registration statement was declared effective by the Securities and Exchange Commission on September 9, 2021.

McAfee Corp. (NASDAQ: MCFE) has initiated an underwritten public offering of 20 million shares of its Class A common stock by certain selling stockholders. The offering is contingent on market conditions, with no guarantee on completion or terms. Underwriters, including Morgan Stanley and Goldman Sachs, have a 30-day option for an additional 3 million shares. McAfee will not receive proceeds from this sale. A registration statement related to the offering has been filed with the SEC but is not yet effective, prohibiting sales or offers prior to effectiveness.