With Major Concentration Risk, AVG Isn't Compelling At 11x EPS
Mon, Aug. 8, 4:46 PM
Thu, Jul. 7, 3:00 PM
Thu, Jul. 7, 12:45 PM
Thu, Jul. 7, 9:16 AM
Thu, Jul. 7, 4:35 AM
- Avast Software (Private:AVST) has agreed to buy AVG Technologies (NYSE:AVG) for $1.3B in cash to expand its geographical reach, internet security opportunities and tap into newer areas such as Internet of Things.
- Avast, which provides free and paid software for personal computers and mobile devices, has more than 230M users worldwide.
Wed, Apr. 27, 4:05 PM
- AVG Technologies (NYSE:AVG): Q1 EPS of $0.44 beats by $0.02.
- Revenue of $107.87M (+4.9% Y/Y) beats by $0.56M.
Tue, Apr. 26, 5:35 PM
- ACGL, AEL, AF, ALGT, AMKR, AMP, ANIK, AR, ASGN, AVB, AVG, BCR, BGC, BKCC, BLKB, CACI, CAKE, CAVM, CBL, CDE, CGI, CLI, CMO, CMPR, CNMD, CNO, CRY, CSGP, CVTI, DGI, DLB, DMRC, DRE, DTLK, DWRE, DXCM, ECHO, EFX, ELY, EQY, ESRT, ESV, EXTR, FB, FIX, FNF, FORM, FORR, FR, FSLR, GG, HOLX, HTCH, HY, IBKC, INFN, IPHS, KEX, KIM, KRA, KRC, KS, LLNW, LOCK, LOGI, LQ, MANT, MAR, MC, MEOH, MMLP, MN, MSTR, MTGE, NE, NEU, NGD, NTGR, NVDQ, OIS, ORLY, OTEX, PEB, PPC, PRXL, PYPL, QDEL, QEP, QGEN, RCII, RGLD, RNG, ROIC, SCI, SFLY, SGI, SIMO, SNDK, SPRT, SSS, STR, TAL, TER, TILE, TS, TTEK, TTMI, TXN, TYL, UHS, UNM, VAR, VRTX, WCN, WIRE, WLL, WRE, WSR, XL, XLNX
Thu, Feb. 25, 9:13 AM
- Along with beating Q4 estimates, AVG has set 2016 EPS guidance of $1.90-$1.96 vs. a $1.90 consensus. Revenue guidance of $440M-$460M (compares with a $445.6M consensus) is affirmed.
- Q4 benefited from a 15% Y/Y increase in subscription-based revenue to $89.1M. Platform-derived revenue (e.g. search toolbars) fell 10% to $20.4M, but is now only 19% of total revenue. The user base for AVG's ZEN PC/mobile security platform rose over 170% Q/Q to 47M.
- Financials: Lifting Q4 EPS: Adjusted operating expenses fell by $2.6M Y/Y to $62.2M. Gross margin was 86% vs. 87% a year ago. $13.6M was spent in 2015 to buy back 0.7M shares. AVG had 2015 free cash flow of $25.8M, and ended the year with $139M in cash and $255M in debt.
- AVG +7.7% premarket to $18.30.
- AVG's Q4 results, earnings release
Wed, Feb. 24, 4:07 PM
- AVG Technologies (NYSE:AVG): Q4 EPS of $0.47 beats by $0.02.
- Revenue of $109.52M (+9.3% Y/Y) beats by $1.68M.
Nov. 20, 2015, 12:15 PM
- AVG is rallying a day after the PC/mobile security software and services provider presented at a Goldman conference. 265K shares have been traded vs. a 3-month daily average of 451K.
- Share rose on Wednesday after AVG issued below-consensus 2016 sales guidance. A fair amount of bad news was already priced in.
Nov. 18, 2015, 9:12 AM
- Ahead of a Thursday Goldman conference talk (set for 2:30PM ET, webcast), AVG has guided for 2016 revenue of $440M-$460M, below a $460.6M consensus.
- 2015 guidance is affirmed. AVG, pressured by declining search toolbar-related revenue, is two weeks removed from respectively adjusting its 2015 revenue and EPS forecasts to $426M-$430M and $1.80 from $420M-$440M and $1.80-$1.90.
- AVG -1.4% premarket to $18.00.
Nov. 9, 2015, 5:59 PM| Nov. 9, 2015, 5:59 PM | 1 Comment
Nov. 4, 2015, 5:20 PM
- With a Q3 miss on the books, AVG now expects 2015 revenue of $426M-$430M and EPS of $1.80, revised from a prior $420M-$440M and $1.80-$1.90 and below a consensus of $433.1M and $1.89.
- The PC/mobile security software firm also announces it plans to change CFOs. Current CFO John Little will maintain his position until a successor is named.
- AVG says it say "stiff" forex headwinds in Q3, and also "a reduction in total platform revenue as we execute our controlled exit from the third-party search business" (e.g. search toolbars). Mobile, SaaS, and SMB revenue were strong points, and users of AVG's Zen PC/mobile platform rose 54% Q/Q to 17M.
- GAAP operating expenses rose 29% Y/Y to $75.4M. Free cash flow rose 67% to $27.4M, above net income of $22.2M. Paid users rose 43% Y/Y to over 20M (over 6M for mobile). Subscription revenue equaled 81% of total revenue.
- Q3 results, PR
Nov. 4, 2015, 4:11 PM
- AVG Technologies (NYSE:AVG): Q3 EPS of $0.42 misses by $0.06.
- Revenue of $108.2M (+17.2% Y/Y) misses by $1.81M.
Nov. 3, 2015, 5:35 PM
- ACAS, ACLS, ACXM, AEL, AHT, ALB, ALR, ANDE, ARC, AREX, ARPI, ATO, AVG, AWAY, AWK, BGC, BKCC, BKD, BNFT, BOJA, BREW, BRKR, BWXT, CAA, CBPX, CCRN, CDI, CDXS, CF, CJES, CLR, CNAT, CODI, COHR, CPE, CSC, CSGS, CSII, CSLT, CTL, CVG, CVT, CXO, CXW, DCO, DOOR, DPM, DXCM, DYN, EGAN, ENVA, EOX, EPAM, EPM, EQC, ETE, ETP, EVAR, EVTC, EXAM, FB, FC, FEYE, FLT, FOE, FPRX, FRSH, FRT, FTD, FUEL, G, GDDY, GPOR, GTY, GUID, HABT, HASI, HDP, HIVE, HOLX, HR, HRTG, HUBS, IL, IO, JKHY, JONE, JRVR, KAI, KAR, KIM, KING, KND, KW, LADR, LCI, LDRH, LGCY, LHCG, LPSN, MATX, MB, MBI, MCHP, MCHX, MELI, MET, MHLD, MITT, MNTX, MOSY, MRIN, MRO, MTDR, MTRX, MUSA, MWA, MYRG, NLY, NNBR, NOG, NP, NWPX, OME, OSUR, PDLI, PE, PEIX, PFMT, PFSI, PGTI, PHH, PMT, POWR, PRA, PRI, PRU, PSEC, QCOM, QUOT, RDEN, RENT, RGR, RIG, RIGP, RJET, RLJ, RNR, RST, SBAC, SBY, SCSS, SD, SF, SGM, SLF, SPPI, SQNM, STR, SUN, SWM, SXL, TCAP, TEP, TROX, TS, TSE, TUMI, TWO, TXMD, UHAL, VEC, VVUS, WFM, WMGI, WPX, WRK, WSR, WTI, XENT, XNPT, XPO
Aug. 6, 2015, 3:56 PM
- Security tech names are among the big decliners (HACK -2.7%) on a day the Nasdaq is off 1.6%. Various other high-beta tech names are also hard-hit.
- Major decliners include Palo Alto Networks (PANW -8.1%), Fortinet (FTNT -4.5%), AVG (AVG -8.1%), Proofpoint (PFPT -4.1%), and newly-public incident-detection/threat-response software firm Rapid7 (RPD -5.7%). Qualys is down 13.5% today after filing its Q2 10-Q.
- Rapid7 is now down 25% from its July 17 opening trade of $26.75, albeit still up 25% from its $16 IPO price. AVG is adding to the 2.5% decline seen yesterday after the company posted a slight Q2 EPS beat, hiked full-year revenue guidance by $10M to $420M-$440M, and reiterated EPS guidance of $1.80-$1.90.
- An afternoon report that the Pentagon has been the victim of a "sophisticated cyberattack" launched by Russia hasn't done much to lift the group. NBC News reports the attack "relied on some kind of automated system that rapidly gathered massive amounts of data and within a minute distributed all the information to thousands of accounts on the Internet." Officials believe it to be "the work of a state actor."