MCFE - McAfee gains after Q4 beats with strong revenue forecast

McAfee (MCFE) shares gain 2.8% after market on fourth quarter results with revenue up 14% on the year to $777M and $0.38, which both topped consensus estimates.Consumer revenue grew 23% on the year to $426M. Enterprise revenue was up a more modest 5% to $351M.Core Direct to Consumer added 2.8M on the subscribers for 18M total.Net cash from operating activities totaled $760M and unlevered FCF was $982M for the period ending December 26.“McAfee achieved significant increases in revenue, subscribers, profitability and cash flow to close out the year. We secure our customers’ ever increasing digital footprint as people are living more of their lives online. This accelerating transformation combined with our market leading capabilities drove 23% revenue growth in our consumer business, 14% growth in total net revenue, and strong growth in adjusted EBITDA in Q4. I am very pleased with our team’s execution, which is a testament to the dedication

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McAfee gains after Q4 beats with strong revenue forecast