McAfee Gains Market Share Over Symantec

Despite weak corporate consumer spending, the earnings and sales of security software maker McAfee (MFE) remain strong.
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McAfee is the No. 2 company in its space behind Symantec (SYMC), but is gaining, analysts say. One analyst calculated that the amount of McAfee software products pre-loaded on PCs destined for the consumer market increased from 20% to 50% in a year.

The Santa Clara, Calif.-based company has made even bigger strides in the corporate security world. Its revenue grew 23% in 2008 to $945 million. Symantec showed a 6% increase, to $1.7 billion.

Some analysts attribute McAfee's aggressive moves to a new chief executive, David DeWalt, who took over two years ago.

On the consumer side, Symantec has an exclusive pre-load contract with Hewlett-Packard (HPQ). McAfee has lined up Dell (DELL), Toshiba, Lenovo and Acer.

McAfee became only the second stock to make the weekly IBD list of top-performing long-term growth stocks. The bear market has reduced the list, published each week on investors.com, nearly to nothing.

McAfee's steady growth has earned it an EPS Stability Rating of 13.

The stock has formed a cup without handle. It already broke out of an awkward double bottom that formed within the larger pattern.

It gapped up last week on a better-than-expected earnings report.

McAfee earned 57 cents a share, a 33% increase from the year-ago quarter. That was 9 cents better than estimates. Sales rose 21%.

Analysts surveyed by Thomson Reuters forecast 2009 earnings at $2.34, a 16% increase.

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BY KEN HOOVER
Source：Investors.com

© 2000-2009 Investor's Business Daily, Inc. All rights reserved.

McAfee Introduces SaaS Based Web Protection Service

Offering protection from malware and other Web-borne threats without any on-premise requirements, McAfee has introduced McAfee Web Protection Service. According to the company, McAfee Web Protection Service is the industry’s first software-as-a-service (SaaS) Web security solution to provide such functionality.
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Earlier, companies required to deploy on premise applications or gateway appliances to achieve a truly comprehensive level of security. This resulted in increased costs and lots of maintenance headaches for the company.

The McAfee Web Protection Service claims to eliminate these requirements as it is based on McAfee’s award winning McAfee Web Gateway technology (formerly known as Webwasher). The McAfee Web Gateway technology addresses all of the key business issues such as security, organizational compliance, and policy control.

“Increasingly, our clients are looking to us to provide them with a variety of delivery options for receiving best-of-breed Web security,” said Marc Olesen, SVP and General Manager, McAfee Software-as-a-Service. “The McAfee Web Protection Service incorporates all of the knowledge and experience we’ve gathered through years of proven Web security and anti-malware protection. We are leveraging our best-in-class threat intelligence delivered from the cloud”

McAfee Web Protection Service includes benefits such as reputation-based filtering; anti-malware protection; remote offices and user support; transparent user authentication; flexible policy manager; and informative reports and dashboards.

Cloud computing services usually provide common business applications online that are accessed from a Web browser, while the software and data are stored on the servers. The concept incorporates infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS) as well as Web 2.0 and other recent technology trends

Recently, McAfee released a new line of UTM Firewalls specifically designed for Small and Medium sized Businesses (SMB). These products are available in seven different models for SMBs with features like intrusion prevention, network firewall protection, and VPN services. The McAfee UTM Firewalls, formerly referred to as SnapGear, are multifunctional network security appliances that every small and medium sized business needs.

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BY Raju Shanbhag, TMCnet Contributing Editor
Source：TMCnet

Raju Shanbhag is a contributing editor for TMCnet. To read more of Raju’s articles, please visit his columnist page.

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