Earnings Report: McAfee, Inc. (NYSE:MFE)
Category Business, Video | Friday, July 30th, 2010
McAfee, Inc. (NYSE:MFE) posted Q2 earnings following the closing bell Thursday, reporting non-GAAP and GAAP revenue of $495 million and $489 million, respectively.
Non-GAAP and GAAP EPS were $0.63 and $0.25, respectively.
Cash flow from operations rose 152% year-over-year to $134 million.
SmarTrend alerted subscribers to take profits in McAfee on April 22, 2010 at $39.48; since then the stock fell 23.4%.
We are now watching for any positive developments that could result in a new uptrend signal.
McAfee is currently below its 50-day moving average (MA) of $31.82 and below its 200-day MA of $37.99.
In the last five trading sessions, the 50-day MA has fallen 0.72% while the 200-day MA has slid 0.82%.
Shares of the computer security solutions marketer closed Thursday’s trading session at $30.25.