Currently Running the exact same stock movement that $PLTR did after IPO... keep an eye on this one.
Cloud Data Cyber Security Sector... major growth here.
20% down from IPO Price of $20... looks like a good entry point to me
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McAfee Recently returned to profitability this year. The company reported $31 million in net income for the six months ended June 27 on revenue of $1.4 billion, the filing said. This compares with a loss of $146 million for the six months ended June 29, 2019, on $1.3 billion in revenue.
Negative: McAfee is highly leveraged. The company’s long-term debt stood at $4.78 billion as of June 27. McAfee plans to use part of its IPO proceeds to pay down its debt, which will drop to $4.2 billion after the IPO and a reorganization
Financials:
UnAudit 26-week period ended June 27, 2020 Review
Net revenue: $1.401 Billion
Gross profit: $983 Million
Showing a Consistent Annual Growth of between 10%-14% in Net Revenue.
Full Interview with McAfee CEO Peter Leav spoke about Company Growth and Potential Dividends in an CNBC Exclusive interview.
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Cloud Data Cyber Security Sector... major growth here.
20% down from IPO Price of $20... looks like a good entry point to me
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McAfee Recently returned to profitability this year. The company reported $31 million in net income for the six months ended June 27 on revenue of $1.4 billion, the filing said. This compares with a loss of $146 million for the six months ended June 29, 2019, on $1.3 billion in revenue.
Negative: McAfee is highly leveraged. The company’s long-term debt stood at $4.78 billion as of June 27. McAfee plans to use part of its IPO proceeds to pay down its debt, which will drop to $4.2 billion after the IPO and a reorganization
Financials:
UnAudit 26-week period ended June 27, 2020 Review
Net revenue: $1.401 Billion
Gross profit: $983 Million
Showing a Consistent Annual Growth of between 10%-14% in Net Revenue.
Full Interview with McAfee CEO Peter Leav spoke about Company Growth and Potential Dividends in an CNBC Exclusive interview.
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