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McAfee Corp. (/ ˈ m æ k ə f iː / MAK-ə-fee), [4] [5] formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017, is an American company focused on online protection for consumers worldwide headquartered in San Jose, California.
Following the pattern of other Internet-related startups, the stock price tripled its first day: it opened at $16 a share and closed at $48. The price peaked around $64 in the next several weeks and then collapsed over the following year or so. It ranged between roughly $3 and $20 afterward until the company was purchased by McAfee.
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American market by capitalization.
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The stock price doubled on its first day of trading. [11] [12] [13] In 2006, former McAfee CEO Gene Hodges succeeded Carrington as chief executive officer of the company. [9] In 2006, Websense acquired a fingerprint security company, PortAuthority. for $90 million. [14] In October 2007, it acquired email security vendor SurfControl for $400 ...
In March 2021, Symphony Technology Group (STG) announced its acquisition of McAfee Enterprise in an all-cash transaction for US$4.0 billion. [3] STG completed the acquisition of McAfee's Enterprise business in July 2021 with plans for re-branding. [4] In June 2021, FireEye sold its name and products business to STG for $1.2bn. [5]
A corporation can adjust its stock price by a stock split, substituting a quantity of shares at one price for a different number of shares at an adjusted price where the value of shares x price remains equivalent. (For example, 500 shares at $32 may become 1000 shares at $16.) Many major firms like to keep their price in the $25 to $75 price range.
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