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Why McAfee Shot Nearly 10% Higher Today

TheMotleyFool

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Never underestimate the need for online protection. On Thursday, shares of digital security specialist McAfee (NASDAQ: MCFE) leaped almost 10% higher following the publication of the company's latest set of quarterly results.

For the quarter, McAfee's revenue came in at $467 million, which was a sturdy 22% improvement over the same period a year ago. Net income saw a much sharper rise, climbing to $108 million from Q2 2020's $22 million. On a per-share, diluted basis, the former was $0.21.

Image source: Getty Images.

Source Fool.com

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