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Avast advances on full-year guidance

The group expects adjusted revenues to sit at the upper end of its previously guided range
Avast advances on full-year guidance

Shares in Avast (AVST) – which floated in May 2018 – hit an all-time high on release of its half-year numbers. Key to the cyber security group’s performance was its core consumer direct desktop business. Here, adjusted revenues rose by 9.5 per cent to $308m (£255m) – underpinned by the cross-selling of privacy products and performance products.

IC TIP: Hold at 356p

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