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Charles,
You have posted 454 posts in the last 30 days. That's a whopping 15 every day including weekends.
Something about quality rather than quantity.
I've just deleted DixonFire, so I don't waste any more time reading his endless useless posts. Hurray!
Two of the many reasons why I keep my shares are:
1) Microsoft chose DT
2) So did the American Government - its CISA department.
"Darktrace today announced that its Self-Learning AI is defending organizations across all 16 critical infrastructure sectors designated by the Cybersecurity and Infrastructure Security Agency (CISA).
Within CISA, the Office of Infrastructure Protection leads efforts to manage risks to critical infrastructure, deeming them "essential to the economy, security, and sustainment of the American way of life.
Darktrace Self-Learning AI has successfully fought back against insider threats, supply chain attacks, zero-day exploits, APTs as well as state-sponsored attacks across U.S. critical infrastructure industries.
In May 2021, hackers hit Colonial Pipeline with ransomware, forcing the company to halt the pipeline's total operations to contain the attack. In the same month, Darktrace AI detected, investigated, and contained a double extortion ransomware attack on a water and wastewater organization in North America. Unlike in the case of Colonial Pipeline, the attack was interrupted before hackers could demand any ransom payment or disrupt business operations. Darktrace catches ransomware and other security threats similar to this every day across all 16 sectors."
https://finance.yahoo.com/news/darktrace-shares-crash-analysts-slash-172241698.html
It looks like today the little people sold in a panic to protect their gains, and now the institutions are taking the opportunity to buy, bottom fishing, especially those with unit trusts that track the FTSE100
Following Peel Hunt, today's share price fall is simply people panic-selling to protect the big profits they have made.
** Shares in Britain's cybersecurity firm Darktrace DARK.L
slide 6.9% to 880.42p
** Stock down after Peel Hunt starts coverage with "sell"
and 473p PT
** Peel Hunt is the only brokerage with "sell" rating among
six analysts covering the stock
** The broker says strong growth rates, driven by
go-to-market strategy targeting need for cos to bolster their
cybersecurity defences, will continue, yet sees "disconnect
between valuation and ultimate revenue opportunity"
PT implies 50% downside to stock's last close as Peel
Hunt's valuation factors in potential market size, growing
competition - both on product and talent - due to co's limited
R&D spend
** Of six brokerages covering the stock, four rate stock
"strong buy" or "buy"?, one analyst rates "hold" and one "sell"
; median PT is 1,000p
As I understand it, Crowdstrike and SentinelOne etc try to prevent hackers getting into the castle, by watching from the castle walls. If hackers do manage to get in, they can run amok. Darktrace by contrast waits until they have penetrated the walls, and the second they do so alerts the owners of the castle so that any damage can be stopped.
I expect tomorrow will be pandemonium. My guess is that the share price will open well up, then KKR and other original shareholders with huge profits will sell like crazy and the share price will be all over the place.
Except I don't know what CISA means.
https://www.prnewswire.com/news-releases/darktrace-self-learning-ai-defends-organizations-across-all-16-cisa-critical-infrastructure-sectors-301399769.html
https://www.sharesmagazine.co.uk/news/shares/why-cyber-firm-darktrace-is-up-15-in-two-days
https://finance.yahoo.com/news/darktrace-builds-aws-collaboration-improved-080000670.html
It says:
"In the UK, government statistics show two in five businesses experienced cybersecurity breaches last year, alongside one in four charities. The government estimates that businesses are nonetheless spending too little on security monitoring.
In the USA, although the guidelines about cybersecurity are voluntary at present, the government has made clear that it could make them mandatory.
Microsoft has said it will quadruple spending on cybersecurity to $20 billion over five years."
I've found the ticker, ONT, but can't buy them on Halifax Stockbrokers.
"Around 15% of cybersecurity company Darktrace's shares are held by Mike Lynch, "a man accused of a multibillion dollar fraud". But there is no sign of dubious practice at Darktrace. Since it listed in April the stock has tripled.
The company faces stiff competition from American rivals. But it stands out because its software analyses users instead of devices, providing customers with a "map" or visualisation, of their networks that makes it easier to spot anomalies.
The firm has plenty of potential, and taking "a small punt" on it at this stage could pay off."
Analysts at Berenberg raised their target price on software outfit Darktrace from 750.0p to 850.0p on Wednesday, citing outperformance "across the board".
Berenberg, which stuck to its 'buy' rating on the stock, said Darktrace had provided "a very strong" update and was upgrading its full-year guidance on both growth and margins.
While Berenberg stated this alone would be positive, the analysts noted that the nuances of the update gave it "even more encouragement".
The German bank said key KPIs such as churn, upsell and net retention rate had all improved and added that Darktrace's new sales structure trials had "clearly worked", with the company opting to roll changes out more extensively from the second quarter onwards.
"This, coupled with detail that Darktrace will be launching a new product category at the end of this calendar year, suggests that customer acquisition and upsell could well surpass the already upgraded guidance. We increase our revenue forecasts by 4-6% over coming years," said Berenberg.
"Not all Darktrace customers are happy with the service.
Approximately 7.7% of existing customers decided not to continue using Darktrace as their cyber-security solution. Given the typical stickiness of this class of technology, that’s a little worrying, especially since this number has grown from 6.9% in 2020. Management has placed the blame on client pandemic-related budget cuts in early 2021, which is certainly plausible. But if this number continues to grow, the Darktrace share price could start to suffer."
https://www.fool.co.uk/investing/2021/09/21/the-darktrace-share-price-just-exploded-should-i-buy-now/
Charles, my friend, over half the posts on this board are from you. There are so many that I don't bother to read them.
Oxford Naocore shares will be available to buy in October, but they may be expensive. This is what one expert says:
"Nanopore sequencing is the next generation sequencing technique compared to the sequencing by synthesis methods, I would compare it to when the audio CD appeared and competed with cassette tapes eventually rendering them obsolete. The initial problems with read accuracy appear finally to have been overcome definitively, hence the IPO this year, 16 years after ONT was founded. I've looked at dozens of published scientific papers validating ONT's sequencing technology and showcasing the myriad of potential applications. It is not fanciful to imagine that in a few years, consumers will be able to sequence coronavirus, influenza or other pathogens from a throat swab in their own home. Couples could also easily screen their genomes for inherited diseases without seeing a specialist. This is unthinkable with the other sequencing technologies. There are endless other applications ranging from biosecurity to food assurance."
I'm looking at this company. It may not do as well as Darktrace, but I think it has great potential.
https://www.investorschronicle.co.uk/companies/2021/09/15/darktrace-fills-the-cyber-security-void/