Member Info for bobocaca

No, there won't be an update today, don't trust that website, they got it wrong before. Trading update is expected to be in second week of April.

That is a good surprise. Buy rating from mainstream analysts is never a bad thing for Darktrace.

It usually will come crashing down...

I'd imagine Darktrace would want EY to audit not just this quarter, or this year but multiple years going all the way back to pre-IPO and maybe more. For that, I think 2 months is quick, I personally think it will be at least 3 months.

4.78M shares (£13M) buy. Haven't seen such big volume for a long time.

Mrlong, indeed it is exhausting. That's why I stop following the SP and news closely to try to block the SP from affecting my day-to-day life. Anyway, I was still upset by the SP plunge on Monday but I resisted the temptation to do any action - sell or buy. This stock has trained me to control my emotion ....

I see. The Tiktok speculation is a total nonsense then because Darktrace is not in that kind of business.

Where did you hear that from?

There is no need for RNS, UK and US governments have made it clear that all the deposits are safe.
Furthermore, making a statement wouldn't have helped, Wisem who did made statement, is down over 7.5% today. It is just bad sentiment against tech at the moment.

Darktrace has less than half of its business from the US, so exposure to US bank is limited. The chance that they bank with SVB is slim as Darktrace is not a startup. Also, given the ML court case, I'd imagine they won't be parking a lot of their money in the US.

It is not just because they won a big customer, there have been multi-millions dollars deal before but the names are anonymous. The fact that Royal Mint wiling to entrust the safety of £ billions of coins (well, not physically), and to vouch for Darktrace, it speaks volume.

on Linkedin
https://www.linkedin.com/feed/update/urn:li:activity:7039565760980996096/

upgraded the price target to 504p. I think it was around 450-475p.

ShortWhacker, 120K in the 80s here in the UK when average house price was under £20k? That doesn't sound possible to me.

That figure is still high even in today, you might be able to get that before the tech layoff. Now I'd say it has fallen to around £70-80k range, inline with other engineering jobs. In contrast, $200k is like the lowest the Silicon Valley, with many earning up to $500k. It is not secret, you can find the salary range information online.

OpenAI had only 375 people, yet their ChatGPT beat the behemoth Google with 500x more manpower.

Higher R&D cost does not equate higher R&D outcome. The tech layoff was partly caused by overspending in hiring. By the way, algorithm worth nothing. instead, data is the crown jewel together with people who know how to use them to train AI models. The more customers Darktrace get, and their data, the better the AI algorithm will be, and more difficult for newcomers to catch up.

It is not a product on its own but a feature of PREVENT. Nevertheless, good to see constant rolling out of innovation.

Whacker, You don't even have intelligence to comprehend that what constitute stealing. If you have problem about Washington Post 's copyright issue, raise it with them.

This is basically a compilation UK analysts' comments, repackaged for US readers.

The consensus is that fraud allegation is pre-historic and financial insignificant. But I do agree that they need to inject new blood in the management. On several occasions, I emailed the IR, asking them to double down to hire extra auditor to prove their innocence once and for all. As usual, their response is something like "our motto is don't talk, just show".
I personally think Poppy's leadership is too weak and soft, often just bury her head in the sand. We need someone stronger, with no link to Autunomy to lead and defend the company. Unsure how the market would react to CEO stepping down but I certainly will be happy about it.

Use the Washington Post link that I just posted

https://www.washingtonpost.com/business/darktraces-mba-case-study-in-trust-and-accounting/2023/02/13/2fb370ea-ab5e-11ed-b0ba-9f4244c6e5da_story.html