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Avast

October 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • AVST
  • Price:
  • 536p
With consumers locked down in their homes for several months, one of the few available activities has been spending more time browsing on computers and that drove a spike in business for Avast, which provides cybersecurity and privacy products. Its latest guidance was that, “first half performance underpins a strong full year outlook….organic growth is expected to be at the upper end of previously stated mid-single digit percentage range.”In the six months to 30 June, adjusted billings (cash receipts from subscriptions) rose 9.2% year-on-year to US$466m, while adjusted revenues grew 6.6% to US$433m. Adjusted EBITDA increased 2.1% to US$241.4m, slightly above consensus forecasts for US$237.5m. Free cash flow rose ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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