BWS Financial Reaffirms Price Target on AVG Technologies

WOODLAND HILLS, Calif. - April 25, 2013 - PRLog -- Woodland Hills, April 25, 2013:  BWS Financial, Inc. today released an updated note on AVG Technologies  discussing the company’s first quarter results and catalyst for the second half of the year.

In the note Hamed Khorsand, senior analyst with BWS Financial, projects an increase in SMB booking in the first quarter should contribute to revenue growth in the second quarter. Additionally, the steadily growing number of mobile users adds credence to the underlying investment thesis of AVG continuing to grow revenue beyond the PC market.

The first quarter results, and new higher guidance for the rest of the year, were reassurance of the momentum AVG has seen over the last few months, and the revenue the Company could report. The overhang on the shares should be slightly lifted with the earnings release, and more so with each passing quarterly release.

BWS Financial, Inc. maintains the $30 price target on AVG.

About BWS Financial, Inc. BWS Financial, Inc. (CA & NY Registered# 122074) is an independent stock research firm with a focus on companies that receive little or no coverage, but possess the ability of bringing large gains to shareholders. BWS specializes in technology, but also tries to discover stock ideas that might be somewhat off the wall or under the radar.

Disclosures

This release is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject BWS Financial or its subsidiaries or affiliates (collectively “BWSF”) to any registration or licensing requirement within such jurisdiction. All material presented in this release, unless specifically indicated otherwise, is under copyright to BWSF. None of the material, nor its content, nor any copy of it, may be altered in any way, transmitted to, copied or distributed to any other party, without the prior express written permission of BWSF. The information and material presented in this release are provided to you for information purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy securities. BWSF may not have taken any steps to ensure that the securities referred to in this release/report are suitable for any particular investor.  

The subject company(s) has not been a client of BWSF for at least the past twelve months. BWSF has not received any compensation from a subject company including investment banking services in the past twelve months. The analyst has not received any compensation from the subject company(s) in the past twelve months. The research analyst, BWSF or any employee of BWSF with the ability to influence the research release/report knows or has reason to know the subject company(s) was not a client of BWSF for the prior twelve months and that BWSF or any affiliate has not received any non-investment banking compensation from the subject company in the prior twelve months.

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Contact

Vahid Khorsand, 818-332-9696