Darktrace Share Discussion Threads

[exiledscot] 30/5/2023 10:03

ML has used around $50mn worth of Darktrace shares to pay for his bail

[nottubnytram] 29/5/2023 20:30

Yawn. Here we go again.

[zam1] 29/5/2023 18:49

I see them going down towards £2But I could be wrongI she'll stay away

[crosswires] 29/5/2023 15:12

Seems quite a bit of chatter about a bid out there, presumably last weeks broker report was designed to creat a buying opportunity. Shorts closing another indicator, I suspect £3 will come soon enough.

[markbelluk] 29/5/2023 10:11

Not all that… that’s a hell of a lot of shares now illiquid

Nothing to do with the business, he’s simply using them as collateral

And it’s looks like dark being lined up for bid… this all syncs with MW reducing

[halfpenny] 28/5/2023 22:55

Mike Lynch uses DarkTrace 50mn shares for bailout.

Its a Disaster for Dark with massive falls to come soon.

How Low How Soon!!! Wot a Mess...

[halfpenny] 27/5/2023 09:27

DARKTRACE should be renamed DARKHOLE as it tests 200. BoE have 240 but as we all know it will Overshoot below 200 and even 180 is a strong possibility as competitors move in and results are proven to be Negative, Cask Flow Increases and Bad Debt become more serious every day...

Just Watching to see.. How Low How Soon!

[itchycrack] 27/5/2023 05:10

"is there any news behind today's drop ?"

Yeah, people just realising the only reason this has not tanked yet is because of the share buy-back which has provided exit liquidity for those wanting to get out.
Once that dries up penny share status awaits!
Woof woof!

[drk1] 26/5/2023 17:51

Hmmm, so on the 25th May NUMIS reaffirm their target of 520 and next day ML start their coverage at 240. Mind boggles!

[tomduck] 26/5/2023 16:27

Street Low 😂 funny

Just creates another LT buying opportunity imo as I imagine the sheep sold because they were spooked. In the end just another broker report, most of which are clueless on share price targets, both ways.

[markbelluk] 26/5/2023 16:07

(Sharecast News) - Cybersecurity firm Darktrace tumbled on Friday after Bank of America Merrill Lynch initiated coverage of the stock with an 'underperform' rating and a "street-low" price target of 240p, which implies 18% downside potential.

BofA noted that the company primarily operates in the Network Detection & Response cybersecurity market but has been adding some capabilities in the Extended D&R (XDR) space.

"While revenue growth has been strong historically (48% in FY22) driven partly by its attractive interface, successful marketing and a highly effective salesforce, we expect growth to significantly decelerate (BofAe 18% compound annual growth rate of FY23-25e versus 23% cons) as: 1/ we expect much stronger competition in the next 12 months, 2/ weaker macro puts pressure on new wins as customers further consolidate providers, 3/ upsell potential remains unproven with limited success to date," it said

[dealy] 26/5/2023 15:25

is there any news behind today's drop ?

[ivanborsky] 26/5/2023 14:58

Its why I sold out a few weeks ago, too many unknowns here. The hedge funds are in charge once again and can call the stock up and down like a fiddlers elbow when it suits them. This is not investing !! Good luck if you're in !!

[gripfit] 26/5/2023 14:50

£2.40 again?

[scrabster1] 26/5/2023 14:09

Quite simply the latest tech bubble deflating. Valuation multiples everywhere were pie in the sky. Crabs.

[dealy] 26/5/2023 13:25

Basically all the small / early stage companies i follow have dropped 15% over the last 3 days on no news. Either some kind of fear regarding the US debt ceiling standoff or just general risk aversion or perhaps even some hedge funds were caught out shorting Nvidia and have holes to fill

[halfpenny] 26/5/2023 13:25

I hope you got out in time, just to repeat..
Dark Falling as Debt increases..
Dark Falling as Debt increases..
Dark Falling as Debt increases..
Dark Falling as Debt increases....

Tryst you and other fools got the message!

[nottubnytram] 26/5/2023 10:44

Here we go again, the stuck record. Stuck record, stuck record, stuck record, stuck record.

[halfpenny] 26/5/2023 09:50

Just to add ....

As Orders fail, revenue falls and Debt increases.

Dark are trying to support share Price by buying back BUT NOW ITS FAILING big time!!

Too Risky as Debt increases with No large sales any tine soon!!! 250 to be tested!!