Cross Research Maintains Buy Rating On McAfee, Inc. (MFE)

Analysts at Cross Research have released an update on McAfee, Inc. (NYSE: MFE). The company will report its first-quarter results on April 28.

Analysts expect McAfee to report first-quarter revenue of $514.9 million and EPS of $0.65. The company has been hitting on all cylinders recently, with strong Enterprise and Consumer sales. However, analysts believe that the concerns about IT spending still remain.

For the second-quarter, analysts estimate revenue of $524.9 million. For the full year, the revenue estimate has been raised from $2.137 billion to $2.15 billion. For 2011, revenue estimate has been raised from $2.329 billion to $2.35 billion.

Analysts at Cross Research have maintained their Buy rating and $50 price target for McAfee, Inc.