You are here

Prices & Quotes - UK Markets - Avast (AVST)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 463.30p
Change Today:
10.90p
Market Cap:
4,770.07m
Sector:
Software & Computer Services

Avast to sell Family Safety Mobile business for $66m

By Michele Maatouk

Date: Tuesday 09 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Digital security company Avast said on Tuesday that it has agreed to sell its Family Safety Mobile business to Smith Micro Software for $66m.
The deal, which is expected to close mid-April, includes Avast's portfolio of mobile parental controls services including location features, content filtering and screen time management.

William W. Smith, Jr., president and chief executive of US-based Smith Micro, said: "Acquiring the Family Safety Mobile business from Avast will present a significant opportunity for Smith Micro to transform the global market for carrier-grade digital family mobile software.

"The acquisition will create one of the leading family safety software solutions providers for wireless carriers and will blend two highly experienced and talented development teams."

Under the terms of the transaction, Smith Micro will pay a potential additional earn-out upon certain performance criteria being satisfied.

Nick Viney, senior vice president of Avast Partner, said: "This agreement gives Avast's Partner team the opportunity to focus on building out our priority cybersecurity and privacy offerings and to expand into new vertical markets as well as the telecommunications space by partnering with Smith Micro to deliver our products and services to their customers as well as ours."

At 1500 GMT, the shares were up 5.7% at 443.92p.

Jefferies, which rates the shares shares at 'buy', said: "Avast's divestiture of the family safety business is likely a positive for Avast, as it is divesting a historically challenged business."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Avast Market Data

Currency UK Pounds
Price 463.30p
Change Today 10.90p
52 Week High 600.00p
52 Week Low 420.00p
Volume 2,461,227
Shares Issued 1,029.59m
Market Cap 4,770.07m
Beta 0.01

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
PEG
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star

What The Brokers Say

Strong Buy 14
Buy 1
Neutral 1
Sell 0
Strong Sell 1
Total 17
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Avast Dividends

  Latest Previous
  Final Interim
Ex-Div 13-May-21 10-Sep-20
Paid 18-Jun-21 16-Oct-20
Amount 11.20¢ 4.80¢

Trades for 07-May-2021

Time Volume / Share Price
16:39 555 @ 463.30p
16:39 2,419 @ 463.30p
16:39 3,140 @ 463.30p
16:39 2,267 @ 463.30p
16:39 2,267 @ 463.30p

Avast Key Personnel

Chair John Schwarz
CFO Philip Marshall
CEO Ondrej Vlcek