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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.
McAfee Corp. (Nasdaq: MCFE) has partnered with Panasonic Corporation to establish a Vehicle Security Operation Center (Vehicle SOC). This initiative aims to provide comprehensive monitoring services to protect connected vehicles from cyber threats globally. With the rise of digitalization and autonomous driving, the need for robust cybersecurity measures in the automotive sector has become critical. Both companies will leverage their expertise to build SOCs that enhance detection and response to potential attacks, contributing to a safer mobility environment.
McAfee (Nasdaq: MCFE) has announced winning multiple awards to recognize its leadership in cybersecurity, with 10 new accolades highlighting its innovative solutions. The Globee® Awards recognized McAfee at the 17th Annual 2021 Cyber Security Global Excellence Awards, while Cybersecurity Insiders awarded the company in seven categories at the 2021 Cybersecurity Excellence Awards. Notable achievements include Gold Awards for MVISION Insights as Cloud Security Solution and McAfee Endpoint for Endpoint Security in North America.
McAfee has launched the MVISION Cloud Native Application Protection Platform (CNAPP), designed to enhance security for cloud-native applications. This platform integrates Cloud Security Posture Management and Cloud Workload Protection, ensuring comprehensive data protection and threat prevention. Key features include deep discovery of workloads, automated assessments, and in-tenant data loss prevention. The launch responds to enterprises' needs for simplified security amidst increasing cloud adoption, helping them reduce complexity and costs associated with separate security solutions.
McAfee Corp. (NASDAQ: MCFE) has declared a cash dividend of $0.115 per share on its Class A common stock for Q1 2021. The dividend is set to be paid on April 9, 2021 to shareholders recorded by March 26, 2021 at 5:00 p.m. Eastern Standard Time. This reflects the company's commitment to returning value to its shareholders amidst its ongoing operations as a leading cybersecurity firm.
McAfee Corp. (Nasdaq: MCFE) announced the sale of its Enterprise business to Symphony Technology Group for $4 billion cash. This transaction aims to enhance McAfee's focus on consumer cybersecurity. The Enterprise business, a leader in device-to-cloud solutions, generated $1.3 billion in revenue in 2020. Upon closing, McAfee plans to issue a $4.50 special dividend per Class A share and reduce debt by around $1 billion. The deal is expected to finalize by year-end 2021, pending regulatory approvals.
McAfee's 2021 Consumer Security Mindset study reveals that 63% of Americans plan to file taxes online this year, with 12% doing so for the first time. The increase in online tax filings poses greater risks, as hackers exploit vulnerabilities. The IRS identified $2.3 billion in tax fraud during FY2020, highlighting the prevalence of scams, especially during tax season. Common scams include phishing attempts and social media impersonation. Consumers are urged to protect their information by filing early and using McAfee Total Protection.
McAfee Corp. (NASDAQ: MCFE) has announced that its President and CEO, Peter Leav, will present at the Morgan Stanley 2021 Global TMT Conference on March 4, 2021, at 9:30 a.m. PT. The presentation will focus on McAfee's role as a device-to-cloud cybersecurity leader, showcasing its consumer and business solutions aimed at enhancing global safety. Investors can access the live webcast and archived presentation on McAfee’s investor relations website at ir.mcafee.com.
McAfee Corp. (NASDAQ: MCFE) reported robust financial results for Q4 and the full fiscal year 2020, with net revenue reaching $777 million in Q4, a 14% increase year-over-year, and a total of $2.9 billion for the year, reflecting a 10% rise. Consumer revenue soared by 23% to $426 million in Q4. The company achieved an unlevered free cash flow of $982 million, up over 37%. McAfee's subscriber base grew to 18 million, with a retention rate of 100%. Upcoming guidance predicts $725-$735 million in net revenue for Q1 2021.
McAfee Corp. (Nasdaq: MCFE) has announced a new partnership with LG to pre-install a 30-day free trial of McAfee security on LG PCs globally. This initiative aims to offer immediate protection for customers purchasing new LG PCs, with an option to upgrade to a full license at an introductory price. McAfee's focus on consumer security continues to grow, as the Threats Report highlighted a significant increase in online threats, underscoring the importance of robust digital security.
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