AVG Technologies NV (AVG) is Downgraded by Dougherty & Company to Sell

AVG Technologies NV (AVG) was Downgraded by Dougherty & Company to ” Sell”. Earlier the firm had a rating of “Buy ” on the company shares. Dougherty & Company advised their investors in a research report released on Jul 7, 2016.

On the company’s financial health, AVG Technologies NV reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.42. The company had revenue of $107.90 million for the quarter, 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.

AVG Technologies NV closed down -0.29 points or -1.53% at $18.72 with 1,35,251 shares getting traded on Tuesday. Post opening the session at $18.89, the shares hit an intraday low of $18.65 and an intraday high of $18.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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AVG Technologies NV - Is it time to Sell?

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