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Share Price Information for Darktrace (DARK)

London Stock Exchange
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Share Price: 587.00
Bid: 589.00
Ask: 589.60
Change: -1.80 (-0.31%)
Spread: 0.60 (0.102%)
Open: 580.20
High: 590.00
Low: 580.20
Prev. Close: 588.80
DARK Live PriceLast checked at -

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Wednesday preview: US services, Darktrace in the spotlight

Tue, 05th Sep 2023 09:58

(Sharecast News) - Financial markets' attention on Wednesday will shift more towards the U.S. where two surveys covering the health of the country's services sector are set for release.

First out will be S&P Global's services sector Purchasing Managers' Index for August at 1445 BST, followed by a rival and much more closely followed PMI from the Institute for Supply Management fifteen minutes afterwards.

Also due out in the States, at 1330 BST, are foreign trade statistics for the month of July.

Bank of Canada is also expected to announce at 1500 BST that official short-term interest rates were held at 5.0%.

Across the Channel, German factory orders figures for July will be published at 0700 BST and euro area retail sales data at 0800 BST.

Darktrace's full-year numbers will be in focus on Wednesday.

In July, the cybersecurity specialist disclosed the results of a review by consultancy EY of its accounting practices, which validated that they accurately reflected its financial position.

The outfit also said said it was anticipating a 31% jump in full-year revenues, thanks in part to the 396 new customers added during the last three months of the financial year.

"The move higher in the share price is currently finding it difficult to overcome the 400p level which also equates to the highs of the year, as well as the November 2022 highs at 415p," said Michael Hewson, chief market analyst at CMC Markets UK.

Consensus was for a 31% rise in full-year revenues to $544m with management expected to guide towards current year margins in line with those of 2022 and for those in 2024 to come in at around 22%.

Wednesday 6 September

FINALS

Ashmore Group, Darktrace, Barratt Developments, Gateley (Holdings)

INTERIMS

Nexteq, Bakkavor Group, Oxford Nanopore Technologies, Apax Global Alpha Limited

TRADING ANNOUNCEMENTS

Nexteq, Bakkavor Group, Oxford Nanopore Technologies, Apax Global Alpha Limited

AGMs

Nexteq, Bakkavor Group, Oxford Nanopore Technologies, Apax Global Alpha Limited

ANNUAL REPORT

Hargreaves Lansdown

INTERIM DIVIDEND PAYMENT DATE

Cenkos Securities

UK ECONOMIC ANNOUNCEMENTS

PMI Construction (09:30)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (GER) (07:00)

Retail Sales (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

Balance of Trade (13:30)

PMI Services (14:45)

PMI Composite (14:45)

PMI Services (15:00)

Crude Oil Inventories (15:30)

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18 Jul 2023 07:45

Darktrace sees 31% growth in FY revenue; EY concludes review

(Sharecast News) - Darktrace said on Tuesday that an independent review by EY had not flagged any issues not already known to the cybersecurity firm and that it would not impact previous financial statements.

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12 Jun 2023 12:08

LONDON MARKET MIDDAY: Stocks firm as expected Fed pause still in doubt

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12 Jun 2023 08:06

Darktrace launches new AI risk models to protect customer data privacy

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12 Jun 2023 05:59

Rishi Sunak to pitch UK as 'geographical home' of AI regulation

(Alliance News) - Rishi Sunak will tell technology leaders he wants to make the UK both the intellectual and the geographical home of artificial intelligence regulation.

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8 Jun 2023 12:09

London "still attractive" place to list, as IPO activity trickles back

(Alliance News) - A recent revival of initial public offerings in London's equity markets is encouraging evidence that the city still holds appeal on the global stage, analysts contended.

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26 May 2023 13:54

BofA ML starts Darktrace at 'underperform', shares slide

(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.

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26 May 2023 07:43

Broker tips: Darktrace, Halfords, Asos

(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.

Read more
13 Apr 2023 10:06

Darktrace expects yearly revenue growth amid strong quarterly results

(Alliance News) - Darktrace PLC said on Thursday it saw "robust" growth in revenue and annual recurring revenue for the third quarter of its financial year.

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13 Apr 2023 09:48

LONDON BROKER RATINGS: HSBC lifts housebuilders; Peel cuts Britvic

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

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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.

Read more

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