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Pin to quick picksDarktrace Share News (DARK)

Share Price Information for Darktrace (DARK)

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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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13 Apr 2023 08:02

Darktrace delivers 'robust' Q3 performance

(Sharecast News) - Cyber security firm Darktrace said on Thursday that it had delivered a "robust" third-quarter trading performance but warned that macro headwinds had limited its full-year expectations.

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3 Apr 2023 08:23

Darktrace launches 'major upgrade' to email offering

(Sharecast News) - Cyber security firm Darktrace has launched a "major upgrade" to its email offering as part of an effort to protect clients from an "evolving cyber threat landscape".

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8 Mar 2023 10:48

Darktrace interim revenue grows but rising costs pull down profit

(Alliance News) - Darktrace PLC on Wednesday left its annual earnings outlook unchanged but lowered cash flow guidance due to the accounting treatment of matters related to director share awards.

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8 Mar 2023 08:22

Darktrace cuts cash flow guidance, H1 profits fall

(Sharecast News) - Cyber security firm Darktrace posted a slump in first-half operating profit on Wednesday and cut its free cash flow guidance, as new customer additions slowed and it was hit by a jump in employer tax charges.

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7 Mar 2023 13:08

Wednesday preview: US jobs data, Darktrace in the spotlight

(Sharecast News) - All eyes in the middle of the week would be on two closely followed reports of US labour market strength for the month of February.

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6 Mar 2023 12:31

Tuesday preview: Fed's Powell, Darktrace in focus

(Sharecast News) - All eyes on Tuesday will be on US central bank chairman Jerome Powell's testimony before Congress and to what extent - or not - he leaves the door open to a reacceleration in the pace of interest rate hikes from 25 basis points to 50bp.

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1 Mar 2023 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 2 March 
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CRH PLCFull Year Results
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Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
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Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
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Pantheon Infrastructure PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
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Avation PLCHalf Year Results
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Amte Power PLCHalf Year Results
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Ashtead Group PLCQ3 Results
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Greggs PLCFull Year Results
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Origin Enterprises PLCHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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23 Feb 2023 10:05

Darktrace says Newsroom system is now available in PREVENT product

(Alliance News) - Darktrace PLC on Thursday said its Darktrace Newsroom system is now generally available in its Darktrace PREVENT product.

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20 Feb 2023 16:52

LONDON MARKET CLOSE: Stocks marginally higher with eyes on Fed minutes

(Alliance News) - Stocks in London ended slightly higher on Monday, after a subdued day of trading in the absence of US markets, which were closed for a public holiday.

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20 Feb 2023 12:12

LONDON MARKET MIDDAY: Stocks tread water; Frasers up on share buyback

(Alliance News) - Stock prices in London were flat at midday on Monday, though the FTSE 100 kept its head above the 8,000 mark achieved for the first time only last week.

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20 Feb 2023 08:52

LONDON MARKET OPEN: Tepid start in Europe but FTSE stays above 8,000

(Alliance News) - Stocks in London were treading water in early dealings on Monday, at the start of what is expected to be a subdued day for European equities, with markets in New York closed.

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20 Feb 2023 08:28

TOP NEWS: Darktrace turns to E&Y for probe of financial processes

(Alliance News) - Darktrace PLC on Monday said that as a "sign of confidence" in its financial processes, it has brought in accountants Ernst & Young to conduct a third-party probe.

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20 Feb 2023 07:53

LONDON BRIEFING: Darktrace calls in E&Y; Bank of Cyprus payout near

(Alliance News) - Stocks in London were set to open higher on Monday, following a decent handover from Asia, as equities look to reverse some of Friday's weakness that was prompted by US rate hike fears.

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20 Feb 2023 07:11

Darktrace appoints E&Y to conduct review of financial controls

(Sharecast News) - Cybersecurity firm Darktrace has appointed Ernst & Young to provide an independent third-party review of its key financial processes and controls.

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9 Feb 2023 09:13

LONDON MARKET OPEN: BAT falls on sales miss; Entain hit by MGM remark

(Alliance News) - Stock prices in London opened higher on Thursday, as investors digested a mixed set of UK company earnings.

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