Avast update hailed by markets

FTSE 250 cybersecurity firm Avast (LON:AVST) has seen its share price rise by 8.39% to 400.40p (as of 16:15 BST) after it said that revenues for the nine months ended 30th September were up by 5.5%. Management reiterated the existing guidance for the year.

CEO Ondrej Vlcek commented: “I’m pleased to report that Avast has delivered good growth in the third quarter, consistent with our expectations at the time of the Half Year Results in August. We continue to successfully execute our growth strategy, underpinned by our platform distribution model and our global installed base of more than 435m users“.