JMP Securities Downgrades AVG Technologies NV to Market Perform

Brokerage firm JMP Securities Downgrades its rating on AVG Technologies NV(NYSE:AVG). The shares have been rated Market Perform. Previously, the analysts had a Market Outperform rating on the shares. The rating by JMP Securities was issued on Aug 1, 2016.

In a different note, On Jul 8, 2016, Nomura said it Downgrades its rating on AVG Technologies NV. The shares have been rated ‘Neutral’ by the firm.

AVG Technologies NV (AVG) made into the market gainers list on Mondays trading session with the shares advancing 0.16% or 0.04 points. Due to strong positive momentum, the stock ended at $24.78, which is also near the day’s high of $24.78. The stock began the session at $24.75 and the volume stood at 3,33,381 shares. The 52-week high of the shares is $26.3 and the 52 week low is $16.12. The company has a current market capitalization of $1,255 M and it has 5,06,32,313 shares in outstanding.

AVG Technologies NV(AVG) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $107.87M. Analysts had an estimated revenue of $107.31M. Earnings per share were $0.44. Analysts had estimated an EPS of $0.42.

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.

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