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.
McAfee Corp. (NASDAQ: MCFE) has announced a cash dividend of $0.115 per share for the second quarter of 2021. The dividend will be paid on or about July 9, 2021, to shareholders on record as of June 25, 2021, at 5:00 p.m. Eastern Standard Time. McAfee continues to reinforce its commitment to shareholder returns while focusing on providing device-to-cloud cybersecurity solutions.
McAfee Corp. (Nasdaq: MCFE) has announced an expansion of its MVISION Extended Detection and Response (XDR) solution at the RSA Conference 2021. This upgraded platform integrates telemetry from McAfee's endpoint security, Secure Access Service Edge (SASE), and threat intelligence solutions to enhance threat detection across digital environments. According to a survey, many organizations struggle with advanced threats, highlighting the importance of effective XDR systems. The new capabilities promise improved automatic threat management, proactive threat hunting, and enhanced situational awareness for security teams.
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McAfee Corp. (Nasdaq: MCFE) has released the 2021 Consumer Security Mindset: Travel Edition, revealing that 68% of Americans plan to travel this summer, but only 50% have increased their online security measures. Notably, 73% of consumers connect to devices outside their homes, increasing vulnerability. Though aware of cyber risks, many do not follow security best practices. Key recommendations include connecting cautiously, using comprehensive security solutions, and keeping devices updated. The survey included over 1,000 U.S. adults, with additional data available from other countries.
McAfee Corp. (Nasdaq: MCFE) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Endpoint Protection Platforms. This assessment evaluated McAfee alongside 18 competitors based on execution and vision. The company's MVISION XDR enhances endpoint security by enabling proactive threat management and automation. Gartner's report highlights that leaders possess advanced malware protection and comprehensive management capabilities, though McAfee's flexibility compared to niche vendors is noted.
McAfee Corp. (NASDAQ: MCFE) announced participation in three upcoming conferences featuring Venkat Bhamidipati, CFO, and Eduardo Fleites, VP of Investor Relations. The events are: The Scotiabank Technology Leaders Summit on May 13, 2021, Stifel Virtual Cross Sector Insight Conference on June 10, 2021, and the Mizuho Bank Conference on June 15, 2021. Presentations will be accessible via live webcast and archived on McAfee's investor relations website at https://ir.mcafee.com.
About McAfee: The company focuses on device-to-cloud cybersecurity solutions.
McAfee Corp. (Nasdaq: MCFE) has expanded its partnership with Ingram Micro, making the full MVISION portfolio available globally through the Ingram Micro Cloud Marketplace. This move allows channel partners to provide proactive cloud-delivered security across hybrid IT environments, enhancing endpoint security, SASE security, and CNAPP security. The offering features flexible SaaS subscription terms, facilitating easier procurement for organizations adapting to a distributed workforce. This partnership aims to bolster McAfee's channel program and drive cloud adoption for better cybersecurity.
McAfee Corp. (NASDAQ: MCFE) reported strong financial results for Q1 2021, with net revenue reaching $442 million, a 25% increase year-over-year. The company gained 885,000 new direct-to-consumer subscribers, bringing the total to 18.9 million. Net income surged to $83 million, compared to $8 million the previous year, resulting in a net income margin of 19%. McAfee's adjusted EBITDA was $199 million, or a 45% margin. Additionally, net cash from operating activities rose 51% year-over-year, totaling $259 million. The outlook for Q2 expects revenue between $430 million and $434 million.
McAfee Corp. (Nasdaq: MCFE) has achieved a score of 94 out of 100 in the 2021 Gartner Solution Scorecard for Cloud Access Security Brokers (CASB). This evaluation assesses the company’s MVISION Cloud platform, which meets 97% of required criteria across key areas, including data security and threat protection. McAfee is recognized as a Leader in the Gartner Magic Quadrant for CASB for four consecutive years, highlighting its comprehensive security offerings within the SASE framework.
McAfee announces a complimentary 1-year subscription for McAfee Gamer Security to new and existing U.S. multi-device security customers. This decision aligns with the growing popularity of gaming, especially post-pandemic, and aims to enhance online protection for gamers. The software, launched in 2019, provides a minimal resource footprint and features like Game Mode, real-time system monitoring, and a gamer-centric interface. Customers enrolled in McAfee's Automatic Renewal program for certain products qualify for this offer, emphasizing McAfee's commitment to optimizing user experiences in gaming.