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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: 0.00 (0.00%)
Spread: 0.80 (0.133%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 601.40
DARK Live PriceLast checked at -

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Wednesday preview: US jobs data, Darktrace in the spotlight

Tue, 07th Mar 2023 13:08

(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.

Ironically however, although consultancy ADP's estimate of private sector hiring, at 1315 GMT, and the Department of Commerce's JOLTS report on job openings, at 1330 GMT, tended to grab headlines, some analysts were dismissive regarding their usefulness.

That was the case of Pantheon Macroeconomics's Ian Shepherdson whose recommendation to clients was to ignore the ADP numbers "whatever it says".

Regarding the JOLTS data, Shepherdson said that were it not for Fed boss, Jerome Powell's, focus on it, he would ignore that report as well, as it did not provide any useful information that wasn´t available from other more timely reports.

His forecast was for a decline was for a decline in the number of job openings from 11.01m in December to 10.5m for January.

In the euro area meanwhile, European Central Bank President, Christine Lagarde, was due to deliver a speech at 1000 GMT.

It would be preceded by retail sales and industrial production figures out of Germany at 0700 GMT, followed by a reading for Italian retail sales at 0900 GMT.

Back in the UK, overnight the Recruitment and Employment Confederation would release its permanent staff placements and salaries indices for February.

In the corporate space, cyber-defence specialist Darktrace was scheduled to post its first half figures.

At the start of 2023, management lowered its guidance for the rate of increase in full-year recurring revenue growth to between 29.5-31% from 31-34%. It also guided towards first half revenues of $258m.

Commenting on the company's outlook, Michael Hewson, chief market analyst at CMC Markets UK, said that although the rate of growth of customers was slowing, it remained in the mid-20%.

Hewson however also noted the skepticism expressed by short-seller Quintessential Capital Management in February regarding the validity of the company's financial statements.

Wednesday 8 March

FINALS

Hill and Smith, Hiscox Limited (DI), Somero Enterprises Inc. (DI), Legal & General Group, Ibstock, Quilter, Bakkavor Group, Spirent Communications, Breedon Group, Headlam Group, Tullow Oil, TT Electronics, CLS Holdings, Tclarke

INTERIMS

Darktrace, Galliford Try, Netcall

AGMs

Jersey Electricity 'A' Shares, Henderson Opportunities Trust

EGMs

Globalworth Real Estate Investments Limited

GMs

Amigo Holdings

FINAL DIVIDEND PAYMENT DATE

Aberforth Smaller Companies Trust

INTERIM DIVIDEND PAYMENT DATE

Aberforth Split Level Income Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Retail Sales (GER) (07:00)

Industrial Production (GER) (07:00)

Gross Domestic Product (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

Balance of Trade (US) (13:30)

Crude Oil Inventories (US) (15:30)

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5 May 2024 13:51

Sunday newspaper round-up: Darktrace, National Insurance, Royal Mail

(Sharecast News) - An aura of mystery continues to linger over whether the biggest of Darktrace's shareholders are prepared to support Thoma Bravo's £4.2bn takeover. Among those is Mike Lynch, who is currently facing trial in the US over fraud claims linked to executive search software outfit Autonomy. Also unclear is the position of the Darktrace Employee Benefit Trust, which owned just under 8% of the company's shares. The trust is managed by Equiniti, which has nothing to do with the decision. - The Financial Mail on Sunday

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Darktrace rallies after Thoma Bravo's buyout deal

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(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

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Thoma Bravo to buy UK's Darktrace for around $5.3 bln

Tech investor Thoma Bravo agrees deal for London-listed firm

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LONDON MARKET MIDDAY: FTSE 100 continues record breaking week

(Alliance News) - The FTSE 100 hit a fresh height on Friday, rounding off a record breaking week for the index, as investors eye US inflation data this afternoon.

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26 Apr 2024 09:22

TOP NEWS: Darktrace accepts USD5 billion private equity takeover offer

(Alliance News) - Darktrace PLC on Friday said it has agreed to an all-cash takeover offer worth USD5.32 billion from funds managed by private equity firm Thoma Bravo LP.

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LONDON MARKET OPEN: Thoma Bravo snaps up Darktrace for USD5 billion

(Alliance News) - Stock prices in London opened higher on Friday, as investors shook off nerves ahead of US inflation data this afternoon.

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Darktrace agrees to be bought by Thomas Bravo in $5bn deal

(Sharecast News) - Darktrace announced on Friday that the newly-formed Thoma Bravo entity, Luke Bidco, had agreed to acquire it in an all-cash deal.

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Lok'nStore surges to all-time high after buyout by Shurgard

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11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

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11 Apr 2024 11:50

LONDON MARKET MIDDAY: Europe takes hit on nerves ahead of ECB decision

(Alliance News) - European equities sunk lower at midday on Thursday, with sentiment hurt by hotter-than-expected inflation from the US crushing hopes of interest rate cuts.

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11 Apr 2024 09:53

Berenberg hikes target price on Darktrace following Q3 results

(Sharecast News) - Analysts at Berenberg raised their target price on software and services firm Darktrace from 600.0p to 630.0p on Thursday after the group's third-quarter results earlier this morning demonstrated a continuation of "strong momentum" seen in Q2.

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11 Apr 2024 08:59

LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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