Why AVG Technologies (AVG) Stock Is Falling Today

NEW YORK (TheStreet) -- AVG Technologies (AVG) was falling -15.4% to $16.63 Thursday after missing analysts' estimates for revenue in the second quarter.

For the second quarter the company reported earnings of 47 cents a share, in line with the Capital IQ Consensus Estimate. Revenue fell -12.3% from the year-ago quarter to $88 million, missing analysts' estimates of $91.44 million in revenue for the quarter.

Looking forward to the full-year 2014 AVG expects earnings of $1.80 to $2.10 a share, and revenue of $365 million to $405 million. Analysts expect earnings of $2.04 a share and revenue of $384.3 million for the year.

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TheStreet Ratings team rates AVG TECHNOLOGIES NV as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate AVG TECHNOLOGIES NV (AVG) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

AVG ChartAVG data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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