AVG Technologies NV Receives “Hold” Rating from Zacks (AVG)

Zacks’ analyst wrote, “AVG Technologies N.V. provides antivirus and Internet security products. The Company produces and develops software for, threat detection, threat prevention, and risk analysis. Its product portfolio includes Internet security, PC performance optimization, online backup, mobile security, identity protection, and family safety software. It also offers various security suites for core protection, including anti-virus, anti-spyware, anti-rootkit, social networking protection, and LinkScanner; chatting and downloading. AVG Technologies N.V. is headquartered in Amsterdam, the Netherlands. “

Zacks has also modified their ratings on a number of other information technology stocks in the few days. The firm downgraded shares of Ellie Mae Inc from a buy rating to a hold rating. Also, Zacks reiterated its hold rating on shares of Advent Software, Inc.. Finally, Zacks downgraded shares of ACI Worldwide Inc from a hold rating to a sell rating.

AVG Technologies NV (NYSE:AVG) traded down 0.21% during mid-day trading on Friday, hitting $23.87. 586,091 shares of the company’s stock traded hands. AVG Technologies NV has a 52 week low of $16.00 and a 52 week high of $24.59. The stock’s 50-day moving average is $21. and its 200-day moving average is $20.. The company has a market cap of $1.23 billion and a price-to-earnings ratio of 23.40.

AVG Technologies NV (NYSE:AVG) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09. The company had revenue of $102.81 million for the quarter, compared to the consensus estimate of $100.24 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that AVG Technologies NV will post $1.88 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at JMP Securities raised their price target on shares of AVG Technologies NV from $26.00 to $33.00 and gave the company an outperform rating in a research note on Thursday. Separately, analysts at Nomura reiterated a buy rating and set a $25.00 price target on shares of AVG Technologies NV in a research note on Friday, March 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $23.66.

AVG Technologies N.V. (NYSE: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.

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