MFE To Post Inline Q4 EPS
Analysts at Blue Water Capital Markets maintain their "buy" rating on McAfee (NYSE: MFE). The target price for MFE is set to $53.50.
McAfee is scheduled to report its Q4 results on February 11. Blue Water Capital Markets expects MFE’s Q4 EPS to be marginally lower than the consensus and inline with the guidance. This would mark another quarter of double-digit EPS and revenue growth for MFE, the analysts say.
Results from companies such as Cisco (NASDAQ: CSCO), Symantec (NASDAQ: SYMC) and Websense (NASDAQ: WBSN) suggest that MFE is benefiting from a positive spending environment, the analysts mention. “To some degree, guidance will be a moot point as we expect MFE to continue its M&A activity to build out its security business, particularly in products and services focused on the SMB market,” the analysts add.
