Why McAfee Stock Soared Today

Why McAfee Stock Soared Today

Shares of cybersecurity company McAfee (NASDAQ: MCFE) soared on Monday after the company announced it's selling the enterprise side of its business to double down on the consumer side. As of 12:45 p.m. EST, McAfee stock is up 14%. McAfee's revenue in 2020 was split fairly evenly between enterprise and consumer customers.