Thu, Feb. 19, 10:26 AM
- AVG's subscription revenue rose 15% Y/Y in Q4 to $77.4M, helping offset a 34% drop in platform-derived revenue caused by Google search toolbar policy changes and AVG's ongoing exit from its 3rd-party search toolbar distribution business. Both consumer and SMB demand drove the subscription growth.
- AVG's mobile user base rose 12% Q/Q and 48% Y/Y to 101M, helping bring its total user count to 197M. Paid user count rose by 5M Q/Q to 19M, thanks to the addition of 5M Location Labs users.
- With the toolbar business still rapidly declining and investments in subscription services growing, 2015 guidance is conservative: Revenue of $410M-$430M and EPS of $1.80-$1.90 vs. a consensus of $420.5M and $1.92. AVG is still aiming for a 30% op. margin both in 2015, and long-term.
- GAAP operating expenses rose 23% Y/Y in Q4 to $73.6M, and the deferred revenue balance rose 2% to $200.8M. $35.3M was spent to buy back 1.9M shares over the whole of 2014.
- Shares have rallied to fresh 52-week highs.
- Q4 results, PR, CC transcript
Wed, Feb. 18, 4:18 PM
Tue, Feb. 17, 5:35 PM
- ABX, ACT, AMTG, ARII, ARRS, ASGN, AVG, AXLL, BGS, BJRI, CAR, CDE, CSLT, CVG, CW, CYNI, DENN, DTLK, ELNK, EOG, EQC, ETE, ETP, EXAM, FNF, HSTM, HT, IAG, IPI, KEG, KEYW, LHO, LOPE, MANT, MAR, MHLD, MIC, MRO, NVMI, OGS, OIS, PAAS, PCYC, PKD, REXX, RGP, SBRA, SCTY, SIX, SNPS, SSS, STR, SUN, SUNE, SXL, TERP, THRX, TILE, TRN, TS, UAM, WES, WGP, WMB, WPZ, XPO, YUME
Thu, Jan. 29, 1:06 PM| Comment!
Nov. 25, 2014, 9:15 AM
Nov. 6, 2014, 7:12 PM
- AVG Technologies (NYSE:AVG) +12.2% AH after WSJ reports the security software maker has been approached by potential buyers.
- The early-stage exploration of a takeover reportedly involves mostly P-E firms, but at least one other technology company also is said to be in the mix.
- P-E firms have been active this year in pursuing security focused technology providers.
Nov. 5, 2014, 6:50 PM
Nov. 5, 2014, 4:20 PM
Nov. 4, 2014, 5:35 PM
- ABTL, ACAS, ACLS, ALNY, ALSK, ANDE, AR, AREX, ASH, ATO, ATSG, AVG, AWK, BALT, BCOR, BIOS, BKD, BREW, BWC, CBS, CDE, CF, CLR, CODI, CPE, CSOD, CTL, CVG, CXO, DATA, DEPO, DK, DPM, DRYS, DVR, DYN, ECOL, ECYT, EFC, ENS, ENSG, ETE, ETP, EXAR, EXXI, FMI, FNV, G, GNW, GPOR, GSM, HOLX, HTCH, IL, INWK, IO, JCOM, KGC, KW, LBTYA, LHCG, LPSN, MBI, MCHX, MCP, MDR, MDWD, MED, MHLD, MIDD, MRIN, MTDR, MTRX, MUSA, MWE, NDLS, NLY, NVAX, NWSA, OILT, ORA, ORIG, OSUR, PAA, PLNR, PMT, PODD, POWR, PPO, PRGN, PRU, PTC, QCOM, QEP, QUAD, RGP, RNDY, RUTH, SB, SBY, SCTY, SD, SKUL, SLF, SSNI, SSRI, STMP, SUSP, SWIR, SWM, SXL, SYMC, SZYM, TCAP, TEAR, TEG, TERP, THOR, TNGO, TPC, TRAK, TROX, TRUE, TS, TSLA, TSRO, TTEC, TXTR, UHAL, VVUS, WBMD, WFM, WMC, WMGI, WR, WTI, WWWW, XPO, Z
Oct. 9, 2014, 5:36 PM
Sep. 3, 2014, 6:00 PM
- AVG is paying $140M up-front and up to $80M in earn-outs over the next 2 years to buy Location Labs. The deal is expected to close in Q4, and be neutral to 2015 EPS.
- Location Labs claims 1M+ paid subscribers for its mobile services, which include anti-virus, cloud backup, device location, and safe driving offerings. The company's location services have been adopted by numerous carriers, and its Sparkle analytics/MDM/location platform has been pre-loaded on 20M phones.
- AVG, whose PC-related sales have been hurt by plunging search toolbar-related revenue, declares Location Labs has "effectively cracked the code for mobile monetization" through its partner-driven strategy. With Location Labs in tow, AVG forecasts 2015 mobile bookings of $60M-$70M, and 2016 bookings of ~$100M.
- To pay for the deal, AVG has obtained $300M worth of credit facilities.
Jul. 30, 2014, 6:22 PM
- After posting light Q2 revenue, AVG now expects full-year revenue to be at the low end of a prior $365M-$405M guidance range; consensus is at $384.3M. EPS is expected to be "in the middle" of a $1.80-$2.10 range; that suggests it will be below a $2.04 consensus.
- Platform-derived revenue -50% Y/Y in Q2 to $19.8M thanks to an ongoing plunge in search toolbar-related revenue; sales were down 45% in Q1. Subscription revenue +12% to $68.2M, a slowdown from Q1's +19%.
- Q2 results, PR
Jul. 30, 2014, 5:37 PM
Jul. 30, 2014, 4:21 PM
Jul. 29, 2014, 5:35 PM
- ABX, AEL, AEM, AKAM, ALB, ALL, ALLE, AMC, ANIK, ARII, ASGN, ATEN, ATW, AUY, AVG, BALT, BGC, BMRN, CATM, CAVM, CBT, CENX, CHDN, CJES, CLUB, CMO, CNL, CNW, CODE, COHR, CTRP, CW, CWT, DDR, DRE, DRIV, EGN, EHTH, ELGX, ENTR, EQIX, EQY, ESRT, ESV, EXL, EXR, FBHS, FEIC, FISH, FMC, FNF, FOE, FORM, FORR, GLUU, HIG, HK, HOLX, HOS, HR, HTH, INT, IPI, ISIL, KBR, KEX, KGC, KRFT, KS, LGCY, LNC, LOCK, LPSN, LRCX, MAA, MANT, MDAS, MEOH, MET, MOBL, MOH, MTGE, MTW, MUR, NANO, NE, NEWP, NOW, OI, OTEX, PDM, PEIX, PGTI, PPC, PVA, QUIK, RKUS, ROVI, RRTS, SAM, SBRA, SCI, SFLY, SIMG, SPN, SPRT, SSS, STAA, STAG, STMP, STR, SU, SZYM, TCO, TGB, TGI, TS, TSO, TTEK, TTMI, TWTC, UNM, VGR, VPRT, WDC, WFM, WLL, WMB, WPZ, WSTL, WTW, YELP
May. 7, 2014, 4:26 PM
AVG vs. ETF Alternatives
AVG Technologies NV provides antivirus and Internet security products. It develops and manufactures software products for threat detection, threat prevention and risk analysis. It provides real-time defenses against real-time threats.
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