Key Developments: AVG Technologies NV (AVG)
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20 May 2013
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Latest Key Developments (Source: Significant Developments)
AVG Technologies NV Launches Two New Mobile Applications
AVG Technologies NV announced two new applications in its mobile portfolio, AVG Cleaner and AVG Image Shrinker, which are available for free for Android smartphones and tablets. AVG Cleaner allows users to monitor storage availability on their device and clean cache and unnecessary browser history files to free up memory and make more space. AVG Image Shrinker is a free application which reduces image sizes and enables direct uploads to photo sharing sites, MMS or email directly from the application. Full Article
AVG Technologies NV Announces 2,500,000 Share Repurchase Program
AVG Technologies NV announced that it has adopted a share repurchase program under which AVG intends to repurchase shares to cover its obligations to deliver shares under its employee stock options incentive and restricted share units plans. Under the repurchase program AVG may repurchase up to 2,500,000 ordinary shares. Full Article
AVG Technologies NV Reaffirms FY 2013 Guidance; Issues Q2 2013 Guidance In Line With Analysts' Estimates
AVG Technologies NV announced that based on information available as of April 24, 2013, it is confirming or raising its outlook for fiscal 2013 and expects revenue to be in the range of $414-$422 million, net income to be in the range of $73-$83 million; diluted EPS to be in the range of $1.29-$1.49 and Non-GAAP adjusted net income to be in the range of $98-$108 million; non-GAAP diluted EPS to be in the range of $1.74-$1.94. For the second quarter of 2013, it expects revenue to be approximately $100 million, net income to be in the range of $14-$17 million; diluted EPS to be in the range of $0.25-$0.32, non-GAAP adjusted net income to be in the range of $22-$24 million; non-GAAP diluted EPS to be in the range of $0.39 to $0.45. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.80 for fiscal 2013; revenue of $100 million, net income of $24 million and EPS of $0.44 for the second quarter of 2013. Full Article
AVG Technologies NV Announces Change to Executive Leadership Team
AVG Technologies NV announced that J.R. Smith has resigned as (Chief Executive Officer) CEO and will become a member of the Supervisory Board. He will remain as CEO until a successor is named. Day-to-day operations continue to be the responsibility of Chief Operating Officer, John Giamatteo, who has been in this role since 2011. The Company has retained SPMB, executive search firm, to find a successor. The search will include a full review of both internal and external candidates. Full Article
AVG Technologies NV Issues Q1 2013 Guidance; Earnings Guidance Above Analysts' Estimates; Issues FY 2013 Guidance Above Analysts' Estimates
AVG Technologies NV announced that for fiscal 2013, it expects revenue to be in the range of $408 million to $420 million, net income is expected to be in the range of $70 million to $75 million and diluted EPS is expected to be in the range of $1.24 to $1.33 and Non-GAAP adjusted net income is expected to be in the range of $95 million to $105 million; non-GAAP diluted EPS is expected to be in the range of $1.68 to $1.88. For first quarter of 2013, it expects revenue is expected to be in the range of $95 million to $98 million, net income is expected to be in the range of $11 million to $14 million and diluted EPS is expected to be in the range of $0.20 to $0.25 and Non-GAAP adjusted net income is expected to be in the range of $20 million to $22 million; non-GAAP diluted EPS is expected to be in the range of $0.35 to $0.40. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $403 million, net income of $81 million and EPS of $1.44 for fiscal 2013; revenue of $97 million, net income of $19 million and EPS of $0.31 for the first quarter of 2013; Full Article
AVG Technologies NV Signs Partnership Deal To Provide Secure Search To Nero Users
AVG Technologies NV announced an agreement with the Nero. Under the terms of the new deal, Nero will bundle AVG`s Secure Search solution as part of each offering within its extensive product suite. Handing privacy back to the user through integrated AVG Do Not Track technology, AVG Secure Search alerts users before they visit dangerous websites, making sure their identity, personal information, and computer are protected. Full Article
AVG Technologies NV Signs Search Provider Agreement with Czech Republic's Seznam.cz-Business Wire
Business Wire reported that AVG Technologies NV announced a new search provider agreement with Seznam.cz, the Web portal in the Czech Republic. AVG Secure Search powered by Seznam.cz incorporates search verdicts, alerting users to dangerous websites. Infected sites are marked so that consumers know which sites to avoid. Further details were not disclosed. Full Article
AVG Technologies NV Issues Q4 2012 Guidance; Revenue Guidance Above Analysts' Estimates; Raises FY 2012 Guidance
AVG Technologies NV announced that for the fourth quarter of 2012, it expects revenue to be in the range of $94.0 million to $98.0 million, Net income to be in the range of $9.0 million to $10.0 million; diluted EPS to be in the range of $0.16 to $0.18, Non-GAAP adjusted net income to be in the range of $14.0 million to $15.0 million and non-GAAP diluted EPS to be in the range of $0.25 to $0.27. For fiscal 2012, it expects revenue to be in the range of $354.0 million to $358.0 million, Net income to be in the range of $50.0 million to $51.0 million, diluted EPS to be in the range of $0.91 to $0.93, Non-GAAP adjusted net income to be in the range of $73.0 million to $74.0 million and non-GAAP diluted EPS to be in the range of $1.34 to $1.36. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $90 million, net income of $15 million and EPS of $0.26 for the fourth quarter of 2012; revenue of $340 million, net income of $65 million and EPS of $1.19 for fiscal 2012. Full Article
Facebook Inc Partners with AVG Technologies NV To Help Keep Social Networkers Safe-DJ
Dow Jones reported that AVG Technologies announced a partnership with Facebook Inc to help protect the global online community from the latest security threats by providing data from AVG LinkScanner to help users avoid malicious web links posted by users on Facebook. There will also be the option to download the latest AVG AntiVirus FREE 2013 product, just launched last month from the Facebook AV Marketplace. Full Article
AVG Technologies NV Raises FY 2012 Guidance
AVG Technologies NV announced that based on information available as of August 1, 2012, AVG is increasing its financial outlook for fiscal 2012 as follows: Revenue is expected to be in the range of $336.0 million to $344.0 million, up from the previous outlook of $327.0 million to $335.0 million; Net income is expected to be in the range of $40.0 million to $43.0 million, up from the previous outlook of $38.0 million to $41.0 million; diluted EPS is expected to be in the range of $0.73 to $0.78, up from the previous outlook of $0.68 to $0.74; and Non-GAAP adjusted net income is expected to be in the range of $63.0 million to $66.0 million, up from the previous outlook of $60.0 million to $63.0 million; non-GAAP diluted EPS is expected to be in the range of $1.15 to $1.20, up from the previous outlook of $1.08 to $1.14. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $330.7 million, net income of $61.9 million and EPS of $1.12 for fiscal 2012. Full Article
AVG Technologies CEO resigns
- AVG Technologies NV, a maker of PC and mobile anti-virus software, said J R Smith stepped down as chief executive and will become a member of the company's supervisory board.
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