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In October 2020, McAfee and its shareholders raised $740 million in the initial public offering and valued at about $8.6 billion based on the outstanding shares listed in its prospectus. McAfee shares were traded on the NASDAQ stock exchange under ticker symbol MCFE, marked its return to the public market after 9 years. [40]
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.
In March 2021, Symphony Technology Group (STG) acquired McAfee Enterprise for $4bn. [34] In June 2021, FireEye announced the sale of its products business and name to STG for $1.2 bn. [5] The sale split off its cyber forensics unit, Mandiant, [35] and the FireEye stock symbol FEYE was relaunched as MNDT on the NASDAQ on October 5, 2021. [36]
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.
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock or security on a particular stock exchange. Ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) which provide a shorthand for investors to refer to, purchase, and research securities.
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 ...
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