QUOTE AND NEWS
Cellular News  Jun 23  Comment 
Anti-virus software house, AVG Technologies has announced a new global partnership with ZTE, to become a provider of mobile security across its range of devices. Click here for more.
Benzinga  Jun 11  Comment 
In a report published Thursday, JMP Securities analyst Patrick Walravens maintained a Market Outperform rating on AVG Technologies NV (NYSE: AVG), while raising the price target from $33 to $47. AVG is a global anti-virus and security software...
CNNMoney.com  Jun 3  Comment 
Smartphones are getting more powerful, but battery life hasn't caught up to power all the apps we're using.
Benzinga  May 7  Comment 
AVG® Technologies N.V. (NYSE: AVG), the online security company™ for more than 200 million monthly active users, announced the acquisition of Privax, a leading global provider of desktop and mobile privacy services for consumers. With the...
Benzinga  Apr 15  Comment 
The popularity of interconnected devices that automate everything from cars to household appliances is quickly rising, but with that comes a new threat of hacking attacks that penetrate one gadget, but gain information from any connected...




 

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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