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Pin to quick picksDarktrace Share News (DARK)

Share Price Information for Darktrace (DARK)

London Stock Exchange
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Share Price: 601.40
Bid: 602.20
Ask: 603.00
Change: 0.40 (0.07%)
Spread: 0.80 (0.133%)
Open: 600.00
High: 604.00
Low: 600.00
Prev. Close: 601.00
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Darktrace executive named in Autonomy ruling - report

Wed, 18th May 2022 09:42

(Sharecast News) - Shares in Darktrace fell sharply on Wednesday, after a senior director of the cyber security specialist was linked to the legal row over Autonomy's sale to Hewlett Packard.

According to The Telegraph, Justice Robert Hildyard - in a judgement handed down on Tuesday - found that Autonomy's central management had pulled on accounting "levers" to misrepresent how well the business was fairing ahead of its 2011 sale to the US tech firm.

Nicole Eagan, then Autonomy's chief marketing officer, was named as "part of a clique responsible with the defendants of the operation of the impugned levels".

After leaving Autonomy, Eagan set up Darktrace with a number of other tech experts and became co-chief executive alongside fellow founder and current head Poppy Gustafsson. Eagan, currently Darktrace's chief strategy officer and AI officer, remained in the role until mid 2020.

HP paid $11.7bn for Autonomy only to write down the value of the business by $8.8bn a year later. It accused founder Mike Lynch, who was until earlier this year an advisor to Darktrace, of over-inflating the firm's value, and launched a civil case against him. Lynch denies all claims against him.

US prosecutors are seeking to extradite Lynch to face criminal charges. Justice Hildyard ruled earlier this year that HP's claims of fraud had "substantially succeeded". The judgement handed down on Tuesday laid out the reasoning behind the ruling.

A HP spokesperson told The Telegraph that the firm was "pleased" with the ruling, while lawyers for Lynch, who is fighting the extradition request, said he was "naturally disappointed" and intended to appeal.

Darktrace and Eagan have yet to comment.

As at 1045 BST, shares in Darktrace had slumped 12% at 335p.

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11 Jan 2024 08:09

Darktrace raises sales and margin targets after strong first half

(Sharecast News) - Shares in FTSE 250-listed Darktrace rose strongly on Thursday after the cyber security group increased both its sales and margin guidance for the full year following a strong first half.

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27 Dec 2023 17:04

Rate-cut optimism, autos push UK stocks higher

FTSE 100 up 0.4%, FTSE 250 adds 0.5%

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21 Dec 2023 16:03

London close: Stocks finish weaker amid uninspiring data

(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, despite a rebound on Wall Street in early trading, as investors digested lacklustre government borrowing and retail sales data.

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19 Dec 2023 17:42

IN BRIEF: Darktrace technology officer sells GBP1.8 million of shares

Darktrace PLC - Cambridge-based cybersecurity company - Chief Technology Officer Jack Stockdale on Monday sold 500,000 of his shares in Darktrace at 362.73 pence each, amounting to a transaction value of around GBP1.8 million.

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7 Dec 2023 16:35

IN BRIEF: Darktrace shareholders vote against Jacob's election at AGM

Darktrace PLC - Cambridge-headquartered cybersecurity company - Says it has passed all but one resolution at annual general meeting on Thursday. Shareholders voted 57% against electing Patrick Jacob as a director to the Darktrace board. As a result of this vote, Jacob is no longer on the board. Darktrace says it will seek to engage those who voted against this resolution, as well as the dissenting votes against the re-election of Lord Willetts and Peter Bonfield as directors.

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30 Nov 2023 15:29

UK shareholder meetings calendar - next 7 days

Friday 1 December 
Croma Security Solutions Group PLCAGM
HeiQ PLCGM re annual report approval
James Halstead PLCAGM
More Acquisitions PLCGM re capital raise
Myanmar Investments International LtdGM re cancellation to trading on AIM
Plaza Centers NVAGM
ScS Group PLCAGM
Monday 4 DecemberGM re additional listing on the NYSE
Diversified Energy Co PLCGM re purchase of 15% of the company's own shares
Palace Capital PLCAGM
PRS REIT PLC 
Tuesday 5 DecemberAGM
450 PLC 
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Alternative Liquidity Fund LtdAGM
Bowleven PLCAGM
Gattaca PLCAGM
STM Group PLCcourt meeting and EGM re takeover by Pension SuperFund Capital
VinaCapital Vietnam Opportunity Fund LtdAGM
Virgin Wines UK PLCAGM
Thursday 7 December 
Asia Dragon Trust PLCAGM
Bioventix PLCAGM
Darktrace PLCAGM
Doric Nimrod Air Two LtdAGM
essensys PLCAGM
Fidelity Emerging Markets LtdAGM
GS Chain PLCAGM
Haydale Graphene Industries PLCAGM
Kibo Energy PLCAGM
Kin & Carta PLCAGM
Lok'n Store Group PLCAGM
Parity Group PLCGM re sale of Parity Professionals to Network Ventures
Supermarket Income REIT PLCAGM
Westmount Energy LtdAGM
YouGov PLCAGM
  
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30 Nov 2023 13:31

IN BRIEF: Darktrace CEO Poppy Gustafsson sells GBP350,000 in shares

Darktrace PLC - Cambridge-based cybersecurity - Chief Executive Officer Poppy Gustafsson sells 100,000 shares at 355 pence each, worth GBP354,925, this week.

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20 Nov 2023 09:07

Shadowfall takes short position in Darktrace shares

(Sharecast News) - Hedge fund Shadowfall has taken a short position in the shares of cybersecurity firm Darktrace, according to reports over the weekend based on fresh data from the Financial Conduct Authority.

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26 Oct 2023 11:28

IN BRIEF: Darktrace launches AI security solution on AWS Marketplace

Darktrace PLC - Cambridge-based cybersecurity company - Launches new Darktrace/Cloud cloud-native security solution using artificial intelligence to provide real-time cyber resilience for cloud environments. This is now available via the AWS Marketplace. Says Darktrace/Cloud "provides a real-time, architecture-based view of cloud environments so businesses can easily and quickly act against evolving threats and misconfigurations, and strengthen compliance".

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12 Oct 2023 16:02

London close: Stocks mixed as US inflation comes in slightly hot

(Sharecast News) - London markets ended with a mixed outcome on Thursday, as investors digested a fresh inflation reading out of the US, as well as a slight uptick in the UK economy.

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12 Oct 2023 10:13

Darktrace shares fall as eyes loss in net annual recurring revenue

(Alliance News) - Darktrace PLC on Thursday said it expects growth boosted by its multi-year contract structure, but said it could be in loss territory for net annual recurring revenue in the current financial year.

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12 Oct 2023 08:25

Darktrace reiterates FY guidance, makes solid start to FY24

(Sharecast News) - Cybersecurity firm Darktrace reiterated its full-year guidance on Thursday as it reported a solid start to the new trading year amid an uplift in new business activity.

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6 Sep 2023 17:43

London close: Stocks slip on rising oil price concerns

(Sharecast News) - London's stock markets closed in negative territory on Wednesday, as a significant rise in oil prices fuelled investor concerns over inflation.

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6 Sep 2023 17:26

London stocks extend losses on global economic gloom, WH Smith slides

FTSE 100 logs three straight sessions of losses

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6 Sep 2023 10:43

Darktrace sees full-year profit multiply and revenue increase

(Alliance News) - Darktrace PLC on Wednesday said profit jumped as revenue rose by a third in a "robust" financial 2024.

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