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MCFE - MCFE STOCK NEWS

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McAfee Corp. (symbol: MCFE) is a renowned leader in personal security solutions for consumers. The company's mission is to prioritize the protection of individuals and families, rather than just their devices. In a world that is increasingly connected, McAfee provides adaptive, intuitive solutions that ensure security is maintained at every critical moment.

McAfee offers a range of technologies designed to meet the diverse needs of its users. These solutions include antivirus software, identity and privacy protection, and secure browsing tools. These features vary depending on system configurations and may require specific hardware or software activations. It’s important to note that while McAfee strives towards comprehensive security, no system can be guaranteed to be entirely secure.

Recent achievements by McAfee have included significant advancements in cybersecurity technologies and strategic partnerships that enhance their offerings. The company has been actively engaged in projects aimed at integrating cutting-edge security measures into everyday digital experiences, making it easier for users to stay protected online.

Financially, McAfee continues to show resilience and growth, driven by an increasing demand for robust cybersecurity solutions. Their financial health allows them to continually innovate and expand their product lines, meeting the evolving threats in the digital landscape.

McAfee also places a strong emphasis on community and family security, ensuring that their products provide comprehensive protection for all users. The company's logo and trademarks are well-recognized, asserting their position as a trusted name in cybersecurity.

Overall, McAfee Corp. remains a pivotal player in the cybersecurity industry, dedicated to delivering high-quality, reliable security solutions that adapt to the dynamic needs of users worldwide.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the market cap of MCFE (MCFE)?

The market cap of MCFE (MCFE) is approximately 4.9B.

What does McAfee Corp. specialize in?

McAfee Corp. specializes in personal security solutions for consumers, focusing on protecting individuals and families in an always connected world.

What types of products does McAfee offer?

McAfee offers antivirus software, identity and privacy protection, and secure browsing tools, which adapt to users’ needs and systems.

Can McAfee's security solutions guarantee absolute protection?

No. While McAfee provides robust security solutions, no system can be guaranteed to be entirely secure.

What recent achievements has McAfee accomplished?

McAfee has made significant advancements in cybersecurity technologies and formed strategic partnerships to enhance their product offerings.

How is McAfee performing financially?

McAfee continues to show financial resilience and growth, fueled by a rising demand for cybersecurity solutions.

Are McAfee technologies dependent on system configurations?

Yes, the features and benefits of McAfee technologies depend on system configurations and may require specific hardware, software, or service activations.

What is McAfee's approach to community and family security?

McAfee emphasizes comprehensive protection for families and communities, ensuring that their security solutions provide safety for all users.

Where are McAfee’s trademarks recognized?

McAfee's trademarks are recognized in the United States and other countries, establishing their position as a trusted name in cybersecurity.

What is the primary mission of McAfee Corp?

McAfee's mission is to prioritize the protection of individuals and families, adapting to their needs in an always-connected world.

Does McAfee engage in projects to enhance cybersecurity measures?

Yes, McAfee is actively involved in projects that integrate advanced security measures into daily digital experiences.
MCFE

Nasdaq:MCFE

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MCFE Stock Data

4.89B
106.86M
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