QUOTE AND NEWS
Automotive World  Aug 23  Comment 
AVG Technologies N.V. (NYSE: AVG), the online security company™, announced that, during an extraordinary general meeting of shareholders (EGM) held today, AVG’s general meeting adopted the proposed resolutions relating to the previously...
Automotive World  Aug 8  Comment 
AVG Technologies N.V. (NYSE: AVG), the online security company™ providing leading software and services to secure devices, data and people, today reported results for the second quarter ended June 30, 2016. Revenue for the second quarter of...
Automotive World  Aug 2  Comment 
AVG® Technologies N.V. (NYSE: AVG), the online security company™ for devices, data and people, today announced the availability of AVG Family Graph™ to Tigo mobile customers in Latin America, released as Ubícame por AVG in Guatemala....
The Economic Times  Jul 17  Comment 
Avast Software, maker of the world's most popular computer antivirus protection, doesn't see any obstacles to completing its $1.3 billion acquisition of AVG Technologies but it will probably delay its expected IPO until 2019.
Automotive World  Jul 14  Comment 
AVG Technologies N.V. (NYSE: AVG), the online security company™, announces that an Extraordinary General Meeting of Shareholders of AVG (the EGM), in relation to the purchase agreement in which Avast will offer to purchase all of the...
Motley Fool  Jul 7  Comment 
On a quiet day for the markets, these stocks stood out. Find out why.
Motley Fool  Jul 7  Comment 
The security software company is being acquired.
Benzinga  Jul 7  Comment 
  AVG Technologies NV (NYSE: AVG) surged 31.35 percent to $24.68. The volume of AVG Technologies shares traded was 9436 percent higher than normal. Avast Software announced plans to acquire AVG Technologies for $1.3 billion in...
Clusterstock  Jul 7  Comment 
Security software company Avast Software said it would buy Dutch rival AVG Technologies for $1.3 billion in cash to expand its presence in the emerging markets. Avast said it will pay $25 per AVG share, representing a 33 percent premium to AVG...




 

AVG Technologies (NYSE:AVG) makes money by providing internet and mobile browser security. The company uses a "freemium" model. This means that users are able to download and use much of the service for free. However, additional services and functionality is given to users though a subscription. Additionally, AVG works with the community to identify and reply to threats as they appear. Some of AVG's services, such as cloud-based storage, sync, and share solutions are not directly linked to internet or mobile security.[1]


Business Overview

AVG's total revenue for the nine months ended in September 2011 was $198M. This resulted in a net income of $100M. The same period in 2010 resulted in $125M in revenue and $48M in net income. The company's single largest expense comes from sales and marketing. [2]

New Updates

The company's initial public offering of stock on the NYSE occurred on February 1, 2012. The company offered 8M shares each for $16. This was at the bottom of the $16-$18 initial price range. The deal raised a total of $128M. The lead mangers of the deal were Morgan Stanley (MS), J P Morgan Chase (JPM), and Goldman Sachs Group (GS).[3]

Trends & Forces

Potential Competition from Large Players

AVG's security software is not associated with any particular platform. However, computer manufactures may bundle their own or one of AVG's competitors security products with the sale of the computer. Microsoft (MSFT) has used this tactic to encourage sales. A similar sales technique could be done by mobile device manufacturers. Without controlling the platform on which it relies, AVG is unable to directly avoid this risk. [4]

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