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DARK Darktrace Plc

592.80
-2.60 (-0.44%)
21 May 2024 - Closed
Delayed by 15 minutes
Darktrace Investors - DARK

Darktrace Investors - DARK

Share Name Share Symbol Market Stock Type
Darktrace Plc DARK London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-2.60 -0.44% 592.80 16:35:20
Open Price Low Price High Price Close Price Previous Close
593.40 592.00 596.00 592.80 595.40
more quote information »
Industry Sector
SOFTWARE & COMPUTER SERVICES

Top Investor Posts

Top Posts
Posted at 09/5/2024 12:05 by koti4
Serious appointment at Device Authority backed by 10/11 (and TERN plc) who were seed investors in DARK, next IOT superstar in the making??

Device Authority, an award-winning and recognized global leader in Identity and Access Management (IAM) for Enterprise IoT ecosystems has appointed Richard Seward as Vice President of Product Management to drive forward the company’s growing portfolio of innovative products under its KeyScaler platform.

Seward has over 15 years’ experience in the field, from Product Manager for the Mobile Device Management program at Vodafone through to Product Manager in Search at Google as well as being VP Engineering at IOT platform EVRYTHNG which was acquired by Digimarc.

Seward has over 15 years’ experience in the field, from Product Manager for the Mobile Device Management program at Vodafone through to Product Manager in Search at Google, and platform Product Manager at Meta. Outside of this area, Seward has founded and led his own start-up and served as VP Engineering at IOT platform EVRYTHNG which was acquired by Digimarc.

His role at Device Authority will see him working with the company’s innovative KeyScaler Central, KeyScaler Edge and KeyScaler AI products, ensuring they evolve as safe, relevant and market leading products that satisfy real customer needs and are in demand . He will work closely with customers and strategic partners as well as with the company’s established Engineering and Product Marketing teams to define and deliver a product roadmap that continues to lead the industry in meeting market requirements.

Commenting on his appointment, Device Authority CEO Darron Antill said, “We have achieved great success with our existing product portfolio and they continue to be recognised by analysts, partners and customers alike as leading the way in tackling the emerging problems that are facing organizations wanting to capitalise on the benefits of connected devices and operations. As we continue to innovate, it is vital that our roadmap remains aligned to the market and our customers and having someone with such significant experience as Richard to take lead this strategy will be a significant benefit to our business.

“His role will work closely with almost every team in the business in order to ensure our products are the best that they can be and we are excited to welcome him to the team.”

Speaking about his new role, Richard added “Device Authority is at an incredibly exciting point in its growth journey with innovative, breakthrough technology that is supporting a host of global enterprises to optimise their connected operations. I am looking forward to helping to grow and evolve their existing products as well as plan and develop new innovations to continue to stay at the cutting-edge of IoT security.”
Posted at 28/4/2024 16:40 by sikhthetech
Mike Lynch's association with DARK and some of the directors who previously worked with him at Autonomy was always going to be a hinderance.


I see Mike Lynch is going to pocket £300m even whilst he's on trial in US charge with a huge multi billion $ fraud.




One of his other ventures Blnx (renamed rthm then part of trmr, now called nexn) also suffered from fraud allegations. Blnx shareholders are down 90% on that one.
Posted at 28/4/2024 15:17 by hedgehog 100
Well done to DARK shareholders on your company getting taken over at a significant premium.


For those looking for a replacement home for their monies, then the following tech security play with strong US exposure may be of interest:-

Newmark Security (NWT), current share price 85p, market cap. £7.97M.:-

"Newmark Security in 2023: A Transformed Tech & USA Success Story"



From the bar graph on page 12 of NWT's annual report & accounts for the year ended 30.4.22:-
"Five years of consecutive revenue growth:
HCM in North America: £m"
2017: £0.9M.
2018: £1.2M.
2019: £4.0M.
2020: £5.9M.
2021: £6.5M.
2022: £8.7M.




Newmark Security (NWT):-
Posted at 26/4/2024 17:42 by homtanks
1011 the VC investors in Dark Trace have in recent months bought into Device Authority an investee of Tern plc (TERN) might be worth a look for the next cyber security opportunity.
Posted at 26/4/2024 15:55 by apotheki
British cybersecurity firm Darktrace on Friday announced it had agreed a sale to U.S. private equity giant Thoma Bravo, for an all-cash offer of $5.315 million.

Investors are set to receive $7.75 in cash for each share held, under the terms recommended by the board.

Its move private will be seen as a major blow to the London Stock Exchange, where it listed in 2021. The company was seen as a welcome dynamic addition to a market often characterized as less appealing to technology firms than those in the U.S. or Asia, and stacked with “old economy” players, such as miners and oil and gas companies.

Darktrace specifically referenced its belief that it is undervalued in the U.K. as a reason for the sale. In a statement, it said its board believes the firm’s operational and financial “achievements” are not reflected in its valuation and that shares are trading “at a significant discount to its global peer group.”

Darktrace was founded in 2013 and is based in the U.K. city of Cambridge, which has attracted a cluster of tech firms over the last decade. It specializes in artificial intelligence-based protection against cloud attacks for large companies and events, and has roughly 2,300 employees based worldwide.

Thoma Bravo said the acquisiton would increase its exposure to the large and growing cybersecurity market, and that its investment in Darktrace would help scale the business globally.

The deal represents a 44.3% premium to the average volume-weighted Darktrace share price in the three months to April 25, according to the release.
Posted at 11/4/2024 08:11 by donald pond
Amazing lack of investor interest given this is about the only tech stock on the LSE
Posted at 14/3/2024 12:12 by r9505571
Investor sentiment improves as stock rises 30%After last week's 30% share price gain to UK£4.58, the stock trades at a forward P/E ratio of 45x.Average forward P/E is 18x in the Software industry in the United Kingdom.Total returns to shareholders of 66% over the past year.Simply Wall St's valuation model estimates the intrinsic value at UK£5.75 per share.
Posted at 22/12/2023 10:10 by emdek
Email recd from the company yesterday:Thank you for your support of Darktrace. You are right there is no company news out that would lead to such a volatile share price move. A couple observationsOn Tuesday evening Darktrace announced that our CTO sold 0.5m shares of Darktrace, the news can be found here https://ir.darktrace.com/regulatory-news/2023/12/19/1743506. But worth noting that on Wednesday (the following day!) the stock was actually up. So it would be unusual for a delayed reaction to that news to hit on ThursdayI heard from a bank this morning that someone (not a company person, so has to be investor) tried to sell 1 million shares in the opening auction (before market opens) and in the run up to xmas when volumes are low that will always have a negative impact on the shares. Bottom line – you are right there is no fundamental news from the co to drive this share price move. As everyone knows, Darktrace will next deliver a trading update in mid January. BestLuk
Posted at 20/7/2023 09:24 by apotheki
Not really what I was saying p2 as buy backs by a company are a totally different issue to investors buying shares.

Buy backs smooth out the market in more rocky times and that is all they should be used for in my view.
Posted at 20/8/2022 19:30 by the chairman elect
More press coverage coming out over the w/e including in the Telegraph [see extract below]



Many analysts argue Darktrace looks like a good deal to a private equity investor with plenty of dry powder. “It is still very cheap and still very below normal take out valuations,” says Alex Henderson, an analyst at Needham, which has a £10 price target on the company.

One investor puts a price tag of £8 per share, a little under £6bn overall, as the minimum Darktrace’s board should consider. Analysts Stifel estimate a takeover bid will come in at between £5.85 and £7.15. News of Thoma Bravo’s interest sent Darktrace’s share price surging 30pc this week to give it an overall value of £3.85bn.

Investors in Darktrace claim it is just another example of the London Stock Exchange failing to fairly value tech companies against their US peers, a personal bugbear of Lynch who believed Autonomy was rated too cheaply by the City.

“This just highlights the problem with investors on the London Stock Exchange who chronically undervalue growth companies,” says Hussein Kanji, an early investor in Darktrace at Hoxton Ventures.

Thoma Bravo’s interest could flush out further bidders. City sources cite Vista Equity Partners, a $93bn investor in the software sector, as a possible rival to Thoma Bravo. Vista declined to comment.

Tech giants could also look to combine Darktrace with their own technology. “If I were a strategic buyer like Cisco or Palo Alto Networks this would be a nice fit,” says Needham’s Henderson.

Analysts at Stifel add that “being private might actually be the better situation for Darktrace”. They write that ties to Autonomy have “prevented a number of public market investors” from buying the stock. One investor speculates Thoma Bravo could ultimately relist it in the US at a higher valuation.

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