This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why AVG Technologies (AVG) Is Gaining in Aftermarket Trading

NEW YORK (TheStreet) -- AVG Technologies (AVG - Get Report) is gaining in post-market trading after beating estimates for fourth-quarter earnings and sales.

After the bell, shares have added 7.5% to $18.60.

The security software developer posted per-share earnings of 52 cents for the three months to December. Analysts surveyed by Thomson Reuters had expected earnings of 41 cents a share.

Revenue of $101.9 million was 7% higher than a year earlier and beat consensus of $95.22 million.

Must Read: Why World Wrestling Entertainment (WWE) Is Down Today

Over fiscal 2013, the company generated net income of $2.16 a share, 11 cents higher than analyst consensus, and revenue 14% higher to $407.1 million. Analysts had predicted total sales of $400.35 million.

"2013 was a year of strong growth and transformation for AVG," said CEO Gary Kovacs in a statement. "We enter 2014 with a renewed vision and strategic direction that we believe will position AVG as the online security company, providing software and services to protect devices, data, and people."

Also See: Tesla Surges on Q4 Beat

TheStreet Ratings team rates AVG TECHNOLOGIES NV as a Hold with a ratings score of C. The team has this to say about their recommendation:

"We rate AVG TECHNOLOGIES NV (AVG) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, solid stock price performance and revenue growth. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow."

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AVG $22.75 -0.74%
AAPL $109.35 -1.30%
FB $92.59 0.21%
GOOG $636.63 -0.89%
TSLA $225.52 -2.80%


Chart of I:DJI
DOW 17,007.46 +95.17 0.56%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,775.7510 -15.4010 -0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs