Darktrace Share Discussion Threads

[deanmatlazin] 18/7/2023 08:34

will shoot up to £5 with shorts all need closing

[apotheki] 18/7/2023 08:33

and top of the leaders board

[apotheki] 18/7/2023 08:31

Intra days highs

[apotheki] 18/7/2023 08:30

The good news is that for now DARK are passed all that and with flying colours on the back of excellent results, growth prospects plus of course the E&Y report.

[dealy] 18/7/2023 08:28

Gotham launched a baseless attack on French tech company Store Electronic Systems recently. Stock initially fell 50% but has recovered much of the loss after firm rebuttals by the company. This Short Attack malarchy should be punished

[deanmatlazin] 18/7/2023 08:18

shorts need closing. this will go up to 30% today

[crosswires] 18/7/2023 07:58

Also looks like healthy trading update which was better than expected and signalling 22% growth next year.

Impressive in the midst of economic slowdown

[longtallsally] 18/7/2023 07:54

Excellent to see no issues found by E&Y ✅

[masurenguy] 07/7/2023 06:49

Darktrace

London Stock Exchange-listed Darktrace (LSE:DARK.L) uses machine learning to scan regular business operations and detect tiny irregularities that can be vulnerable to cyber attacks. Cyber security is already a $200bn market and demand is only likely to increase, says Streeter, who suggests the shift to digital should open up new opportunities and markets for the firm. It is a relatively new entrant to the stock market, having only listed in June 2021, but its share price is up 14% this year to 302p.

“Tricky macroeconomic conditions mean there are some short-term headwinds to new customer additions but 99% of revenue is subscription based which should provide a sticky revenue scheme. Management expects full-year annual recurring revenue to grow by around 30%. However, profits are likely to remain slim while the business scales which is an added risk.” said Susannah Streeter, head of Money and Markets for Hargreaves Lansdown.

No position but just added to my watchlist.

[ifthecapfits] 18/6/2023 09:42

hxxps://uk.investing.com/equities/darktrace-technical

[doctorbird] 16/6/2023 18:02

Exit DARK2 for 15.02% in 16 days.
I shall look for another entry, preferably but not necessarily lower. Should still like to hear more about the company lack of competitiveness referred to in above posts.

[wololol] 16/6/2023 14:01

Take a look at Falanx Cyber. 5 million revenues, EBITDA profitable. 2 million cash in bank. Valued only at £1.5 million with 2 million cash in bank and their own SOC! Partnered with global players ESET and NABle. Absolute bargain.

[thomstar] 16/6/2023 11:10

Sooner or later value will increase here back to previous levels. There is interest in their product.

[plunger2] 16/6/2023 09:56

15 million shares short - only!
Much much pain.
More to come.



DYOR

[longtallsally] 16/6/2023 09:51

Let’s see. I prefer to think not, and then when the EY thumbs up comes the share will pop again. 400p could easily happen now.

[drk1] 16/6/2023 09:20

@LongTallSally - volume low, but has to be a large delayed transaction (or two) that are being worked in background and will show EOD

[longtallsally] 16/6/2023 09:01

Not a leak re EY because volume traded is too low. Whatever reason, it’s overdue and good news for the short term

[drk1] 16/6/2023 08:46

Has to be the EY Audit report leaking. Good old JP Morgan (increased their short position on the 8th). :-)

[crosswires] 16/6/2023 08:22

Ooh, looks like these were a nice pick up in the low 200s. Seems momentum has shifted now 👍

[doctorbird] 15/6/2023 16:00

Suddenly no posts for a while,just when DARK looks interesting? So much gloom.

I have come here because I know nothing about the company and wondered what views are held by those with positions. My interest was sparked by the weekly price chart showing narrowing Bollinger bands. It is an example of this setup with NB7, the narrowest band in seven periods, followed in one or two more periods by a breakout, direction unknown. See Alan Farley's Master Swing Trader for numerous examples.
So my first trade DARK1 from 24th April to 24th May gained 9.11%. DARK2 entry 22nd May was only 3p lower than DARK1 exit, not brilliant. Worse, the BOA assessment that I have read about here was an immediate setback, but that was short-lived and the chart continued looking good, today breaking above last month's high.
Looking at the charts up above shows a very steady improvement in price over several months. ForeverBull says bizarre. Please let me know if there is a real reason for concern. What is it about competition that DARK cannot match?

[plunger2] 31/5/2023 17:20

Clearly Marshall Wace are covering their short big time.
Anyone who fell for that piece of BoAMerril Lynch nonsense deserves all they get.
I wonder what the latter will say if EY comes out positive.
We could have ignition Houston.
You don't need to make this up. Seen it all before.

DYOR

[drk1] 31/5/2023 17:02

@ForeverBull31 - regular poster "halfpenny" offered some advice (and predictions) as per the below which usually results in triggering multiple buy orders. ;-)

"halfpenny28 May '23 - 22:55 - 3754 of 3761
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..."

On a more serious note - EY report due out soon (which if positive should boost the share price significantly) plus the usual bid rumours in background doing the rounds.

[foreverbull] 31/5/2023 16:38

HP - this is bizarrely bucking the wider market trend .... Do you know what's happening??

[drk1] 30/5/2023 11:03

Nope, he has used them as collateral (more than a subtle difference in meaning). ;-)