William Blair Maintains McAfee (MFE) Outperform Rating

William Blair & Company analysts Jonathan Ho and John Weidemoyer maintained their Outperform rating for shares of McAfee Inc (NYSE: MFE).

The analysts said that they believe that McAfee Inc needs to regain investor confidence by showing that it can achieve sustainable organic growth.

They said this goal should be achievable using the McAfee Inc long term strategy of taking market share through sales of suite based solutions.

The William Blair & Company analysts wrote, "McAfee’s Investor Day in New York was well attended and offered some relief to investors that management is redoubling its efforts to improve execution, following disappointing first-quarter results and recent execution challenges, such as the release of a flawed antivirus update DAT file. We were encouraged by the company’s decision to provide a “state of the company” update that provided a fair evaluation of both successes and challenges the company is facing and outlined a roadmap for fixing existing problems, while building on future opportunities. We believe that the plan appears achievable, with efforts focusing on: cost alignment, improved quality assurance procedures, sales training, and channel partner program upgrades."