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AVG Technologies N.V. (AVG) engages in the development and sale of Internet security software and online service solutions under the AVG brand name.
Its product portfolio includes Internet security, PC performance optimization, online backup, mobile security, identity protection, and family safety software.
The company offers various security suites for core protection, including anti-virus, anti-spyware, anti-rootkit, social networking protection, and LinkScanner; chatting and downloading, such as shield for safe chatting and online shield for safe downloading; shopping and banking comprising identity protection, firewall, and anti-spam; network safety, including intrusion detection; performance, such as system tools, quick tune, and identity alert, as well as expert technical support and priority updates.
AVG Technologies N.V. sells its products directly through its Website, and through a network of resellers and distributors to consumer and small business markets in approximately 185 countries worldwide. The company has a strategic agreement with Infrascale Inc. to produce additional security-related opportunities for the SMBs and drive adoption of the AVG CloudCare small business IT management platform.
Shares have found support around the $22 level and presently are in the process of completing a bullish "cup & handle." Higher share prices are expected for this stock.
52-Week Trading Range: $9.61 - $26.56
Entry Point: $23.50
Stop Loss: $22.32
Target Price: $25.85
AVG fell below our stop loss.
