Darktrace Share Discussion Threads

[albert arthur] 14/2/2023 19:04

Nice price action here, Think I've figured out whats going on (Heavy Short covering)Read This ( The results came out in October when the £ had bottomed out on the $):Considering the recent foreign exchange ("FX") rate environment, Darktrace is now also reporting USD ARR to provide context for its revenue reporting and expectations, which are provided in U.S Dollars ("USD"). Darktrace's USD ARR at 30th September 2022 was $494.4 million, highlighting that, particularly late in the first quarter, exchange rate movements created a $17.1 million headwind that is likely to impact the conversion of constant currency ARR to USD revenue for the rest of FY 2023.Though the U.S. Dollar continues to be unusually strong relative to Darktrace's other operating currencies, its key FX rates have recovered somewhat from the lows experienced in late September. On this basis, Darktrace is maintaining its expectation for FY 2023 year-over-year revenue growth of between 30% and 33%, though it will continue to monitor FX rates, and their potential impacts on revenue, for downside movement relative to rates at this reporting date. To reflect that future FY 2023 revenues are likely to experience increasing drag from FX rate impacts, however, Darktrace now expects that 46% to 47% of its revenue will be recognised in the first half of FY 2023 (previously 45% to 46%). https://www.londonstockexchange.com/news-article/DARK/q1-fy-2023-trading-update/15667908Results Date:https://www.londonstockexchange.com/news-article/DARK/notice-of-half-year-results/15818842Shorts are closing heavily here, se my analsysis, I think the above is why, somthing I've coed called the short D has crossed over, which indicates abnormal closinghttps://twitter.com/Albert__Arthur/status/1625074668200763395?s=20&t=NpUMwCTFjRyzK7ARly8dKg

[plunger2] 14/2/2023 18:03

QCM closing again. Soon they will be under the 0.5%



Their whole botching of their short and the damage (short term) to DARK is pathetic.
Shorting a company with tons of cash? Obviously in a position to run a buyback program.
The company has not even purchased 2 million shares yet out of a possible (?) 40 million.
And who is the first to get the hell out. Well if it ain't QCM.
Conviction shorters - my ass.

Hopefully we'll get some sense from here - £3 for openers.

[grosstonnage] 14/2/2023 09:34

Sorry. Apologies. Thanks for correction.

[crosswires] 14/2/2023 09:30

No it’s not, was over £2.60 last week

[grosstonnage] 14/2/2023 09:26

First time past the IPO price since recent low.

[crosswires] 14/2/2023 07:45

It will do for the next 1-2 months.

[jas0701] 14/2/2023 07:14

Shares buy back continues!!

[crosswires] 13/2/2023 08:27

My Kape shares look perky this morning and like DARK they were undervalued so an obvious buy. DARK next in someone’s sights, i’ll happily take £3 for them ;)

[onjohn] 12/2/2023 17:57

Is that buffy tollogy fund still
In this dawg

[jas0701] 12/2/2023 17:55

If Mike Lynch sold 100 million pounds worth of shares then surely somebody must've bought those shares. Do we know who might that be? Darktrace themselves are buying their own shares to cancel for now anyway.

[steveberyl] 12/2/2023 17:30

Visit £2 Monday.

[one_frankel] 10/2/2023 12:59

Don't worry about the 'Shorts' because the wider market will be just as giving!

[plunger2] 09/2/2023 18:02

And Marshall Wace reducing their short yesterday



Expensive. Could get worse.

[thunders] 09/2/2023 16:38

This one up in US market 8%. Don`t forget a offer of 550 was rejected in August so this is definatley worth 500.

[crosswires] 09/2/2023 16:35

So a solid close above £2.50, what’s next, £2.65 tomorrow or £2.75 by the end of next week?

Shorts continue to close, news-flow positive and I would imagine will continue to be so for a while longer. Another month or two of buy backs still to run.

Who’d be short right now? Timing is everything 😉

[ivanborsky] 09/2/2023 12:17

Yep, my thoughts entirely. In addition, I've just checked the ShortEurope tracking site, no declared shorts now in DarkTrace. Ignore the Short tracker UK site, its hopeless and on a good day its about a week behind !!! Those thieving bandits like Morgan Stanley & co whom drove the stock down from £2.70 to £2.00 should be held to account. But sadly these Teflon American banks for one reason or the other are above the law and can get away with anything they like. Rules, what rules ?????

[the chairman elect] 09/2/2023 11:02

2023 recovery play?

[ivanborsky] 09/2/2023 09:03

Nice statement, and no need for me to push the sell button just yet ! :)

[the chairman elect] 09/2/2023 07:57

Darktrace, a global leader in cyber security AI, today announces availability of Darktrace PREVENT/OT™, a product that identifies the paths adversaries may take to attempt to disrupt the operations of critical infrastructure. This unique approach uses AI to "think like an attacker" to visualize pathways within information technology (IT) and operational technology (OT) that lead to critical infrastructure assets, empowering defenders to harden environments and stay steps ahead of the adversary.

PREVENT/OT is part of the Darktrace/OT product family, protecting complex industrial environments against known and unknown attacks, using self-learning AI to discover and identify assets and detect subtle deviations that point to a cyber-threat. First launched in 2015, Darktrace/OT DETECT and RESPOND™ are currently used by hundreds of critical infrastructure companies in utilities including electric, water, oil & gas, maritime, and transportation.

"In one of our early adopters Darktrace AI found a complete viable attack path from a public email account to a deeply protected and active production PLC (Programmable Logic Controller): a vital component of all Industrial Control Systems. The organization was not aware this long, but complete path spanning both IT and OT systems existed. Some steps were not simple to exploit, but fundamentally a committed attacker could have followed this path and could have manipulated the controller logic, sound alarms, or even worse start and stop processes impacting the operation of the entire facility" said Jeffrey Macre, Industrial Security Solutions Architect at Darktrace. "We are incredibly proud to support the many critical infrastructure organizations that we do today and excited to deliver this new capability to prevent the worst-case attacks before they can happen. We are seeing great interest from customers in these capabilities."

The company signed several new deals with critical infrastructure organizations across the globe in the last three months including new customers, renewals and expanded contracts within the critical infrastructure industry. Darktrace already defends customers across all 16 critical infrastructure sectors designated by the Cybersecurity and Infrastructure Security Agency (CISA) in the US. The deals underscore a paradigm shift occurring around the globe that sees governments putting in place new mandates and rules requiring more robust cyber protections in critical industries, including healthcare, financial services, energy and chemicals.

[the chairman elect] 09/2/2023 07:53

"We are thrilled to have closed our largest deal to date with a major critical infrastructure organization," commented CEO Poppy Gustafsson.

"Critical infrastructure is a top target for the world's most sophisticated and well-resourced cyber-attackers. Now with our PREVENT/OT product, defenders can prioritize and test the routes adversaries might take to get to the 'crown jewels'.

Crucially, we can then harden defenses against that attack in advance of the worst happening. That is truly game changing in the ongoing battle for control of the world's critical infrastructure and I am delighted that Darktrace has continued to evolve its product family to address this global challenge."

[the chairman elect] 09/2/2023 07:52

The deals include, among others:

· A major provider of critical infrastructure services which has signed a multi-million-dollar, multi-year deal with Darktrace in Q2 of fiscal year 2023 - the single largest deal signed by the business to date

· A leading power transmission company with a majority stake in its National Power Grid

· An energy supplier with over 500 gas stations

· A not-for-profit electric power supplier with over 150,000 member-owned accounts

· A global chemicals company operating across 20+ countries

· A major provider of crude oil and natural gas listed on the NYSE

[timmy11] 09/2/2023 07:42

one frankel read between the lines