AVG Technologies NV (AVG) is Reiterated by Imperial Capital to In-line, Raises Price Target to $ 25

AVG Technologies NV (AVG) was Reiterated by Imperial Capital to “In-line” according to the research note released today. The brokerage firm has raised the Price Target to $ 25 from a previous price target of $21 . Imperial Capital advised their investors in a research report released on Aug 10, 2016.

Many Wall Street Analysts have commented on AVG Technologies NV. AVG Technologies NV was Downgraded by JMP Securities to ” Mkt Perform” on Aug 1, 2016. AVG Technologies NV was Downgraded by Nomura to ” Neutral” on Jul 8, 2016. AVG Technologies NV was Downgraded by Dougherty & Company to ” Sell” 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 opened for trading at $24.75 and hit $24.78 on the upside on Monday, eventually ending the session at $24.78, with a gain of 0.16% or 0.04 points. The heightened volatility saw the trading volume jump to 3,33,381 shares. Company has a market cap of $1,255 M.

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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