Mcafee Corp. Stock Price, News & Analysis

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.

McAfee has formed an exclusive retail partnership with True Network Solutions to provide security solutions for Walmart customers in the US. This collaboration aims to enhance Walmart's Technical Services Initiative, which has shown significant market potential. Customers will benefit from various technical services, including PC and mobile device setups. The partnership is expected to bolster McAfee's presence in North America, with a five-year agreement focusing on expanding distribution and enhancing customer security amid increasing digital threats.

As schools resume across the US, a study by McAfee Corp. (Nasdaq: MCFE) reveals heightened parent concerns regarding children's online safety. While 72% of parents fear exposure to scams, 61% are worried about cyberbullying, a significant change from the previous year when only 31% perceived increased risk. Despite only 9% seeing it as their responsibility, 28% of parents took steps to educate their families on safety, and 23% purchased online security solutions. Overall, 76% of parents advocate for digital wellness education in classrooms.

McAfee Corp. (NASDAQ: MCFE) reported strong Q2 2021 results, highlighting a 22% year-over-year revenue growth of $467 million. The company achieved a net income of $108 million, translating to a 23% net income margin. Cash flow from operations rose 62% to $189 million. McAfee completed its $4 billion sale of the Enterprise Business, planning a $4.50 special dividend. The company aims for $1.84 to $1.85 billion in annual revenue for 2021, driven by strong demand for its consumer security offerings and a growing subscriber base of 19.4 million, up from 16.6 million last year.

McAfee Corp. (NASDAQ: MCFE) announced an ex-dividend date of August 12, 2021, for a one-time special cash dividend of $4.50 per share on its Class A common stock. This update clarifies the previously announced ex-dividend date from August 3, 2021. The special dividend is payable on or about August 27, 2021, to shareholders of record by 5:00 p.m. Eastern on August 13, 2021. This significant dividend distribution reflects McAfee's commitment to returning value to its shareholders.

McAfee Corp. (NASDAQ: MCFE) declares a one-time special cash dividend of $4.50 per share following the successful sale of its Enterprise business. This dividend is scheduled for payment on August 27, 2021, to shareholders on record as of 5:00 p.m. EST on August 13, 2021. The ex-dividend date is August 16, 2021, ensuring that investors are well-informed about the timeline for this significant cash return.

McAfee Corp. (Nasdaq: MCFE) has finalized the sale of its Enterprise business assets for $4.0 billion in cash to a consortium led by Symphony Technology Group. This strategic divestiture allows McAfee to concentrate on its consumer cybersecurity operations. The company plans to allocate part of the proceeds to repay $1 billion in debt and distribute a special cash dividend of $4.50 per Class A share. Detailed insights regarding the transaction's impact will be shared during the second quarter results on August 10.

McAfee Corp. (NASDAQ: MCFE) will release its financial results for Q2 FY 2021 on August 10, 2021, after U.S. markets close. The conference call is scheduled for 5:00 p.m. Eastern Time, where management will discuss the results. Interested parties can join via dial-in or by accessing a webcast. A replay will be available for 30 days on the Investor Relations page. McAfee is recognized as a leader in online protection, empowering users to safely enjoy the digital world.

McAfee Corp. (Nasdaq: MCFE) has partnered with Visa to enhance internet security for Visa Business cardholders in North America and EMEA. This partnership allows cardholders to save up to 40% on a two-year subscription to comprehensive McAfee solutions, aimed at protecting sensitive data and devices from online threats. The initiative addresses the rising cybersecurity risks faced by small businesses, as nearly a third of data breaches target this sector. Visa cardholders gain access to tailored security options, boosting fraud prevention efforts for small enterprises.