AVG Technologies NV (AVG) Releases Earnings Results, Beats Expectations By $0.02 EPS

AVG Technologies NV (AVG) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.42. The company posted revenue of $107.90 million in the period, compared to analysts expectations of $107.31 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on AVG Technologies NV. Company shares were Reiterated by Imperial Capital on Mar 11, 2016 to “In-line”, Firm has raised the Price Target to $ 22 from a previous price target of $21 .

AVG Technologies NV closed down -0.02 points or -0.10% at $20.27 with 2,03,701 shares getting traded on Friday. Post opening the session at $20.26, the shares hit an intraday low of $20.085 and an intraday high of $20.35 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

AVG Technologies N.V. (AVG) provides software and online services that deliver peace of mind to users by simplifying optimizing and securing their Internet experiences. The Company is primarily engaged in the development and sale of online service solutions and Internet security software branded under the AVG name. The Company solutions encompassing software and online services include security Personal Computer (PC) optimization online privacy cloud-based desktop management mobile security content filtering remote monitoring and other products on various desktop and mobile operating systems. The Company product portfolio targets the consumer and Server Message Block (SMB) markets across multiple devices and operating systems and includes Internet security PC performance optimization online backup identity protection family safety remote control network auditing monitoring and alerting software.

AVG Technologies NV

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