Member Info for HereKittyKitty

Remember we had a solid base around 550-620 on the Lynch drop & that was before over achieving & increasing outlook on the FY & Q1 results - it was also where the first placing was

Q2 results will do the talking in couple of months
Hard facts

Yep I posted a list yesterday

This says all you need

https://ir.darktrace.com/download/Darktrace_Investor_Fact_Sheet.pdf

I do find it funny how people make a point of saying they won’t touch it until xxx price with absolutely no data to back it up

Such transparent CFD shorting

I’d close before the results in a couple of months

It is exactly 10 years since the bought Autonomy so a lovely anniversary present lol

Doesn’t matter who but all good security software gets bought up in general

Oh & 39% of their revenue is from US
Think it’s very relevant

It will be a case of who tries to buy Darktrace with Microsoft in the top spot followed by

IBM
Oracle
EMC
Cisco
Computer Associates
VMWare
Dell
EMC
HP
Pal Alto Networks
Okta
Google
Norton
Or even a competitor

It will happen one day

Well a tiny little US company called Microsoft partnered with Iddy Biddy Darktrace so yeah US has no relevance does it & I’m sure none of the US competitors or large US companies will want to buy them as that never happens …. Dear me

I’m comparing cloud established companies who went through the same growth as they are valued now on like for like factual data on Crowdstrike

A buy out is exactly what they need
This needs a big miner to get this done
Just look at their maps & the scale of work required in resources & cash
Alba just don’t have the resources to do this if you review their accounts
Just look at the website & it’s a digger digging a field
As I’ve said before - I’m 100% sure there is a load of hold there …. Just how are they ever going to get it out when it takes a year to find out there are bats & the waste pile still hasn’t been processed

It’s done this a few times & looking at L2 buying once the sellers are done I think a pretty big base will be ready to jump off - it’s just like the previous 600-620 springboard

550 was the solid support on Mike Lynch drop & pre results that were better

620 was the previous support pre quarterly results

Hunt clearly dented stuff but 600-650 seems a solid support with uplifted results

All that’s going on now is II funds are loaded Minh their cheap FTSE100 shares before the uplift

And that’s without his Darktrace shares
He sure doesn’t need to sell any lol

To stay in FTSE100 the current appx market cap will need to be over 4.33B or 4.89B to be safe which is a SP of 701

So 17% off stating in FTSE100 cone cut off date

Go look at Crowdstrike & Okta after their lockups & what happened later - patience shows excellent growth

I’ll stake here and now come Q2 results in a couple of months they will beat forecast & raise & within that week it will be in the 900s

Let’s see

Buy demand outstripping sell

3:2

Yep I’ve been buying chunks as it moves
Long term no brainer if you don’t care about cash now
Let it ride as there is a long way to go here
Crowdstrike is 11x where Dark are

Well done - it’s a rare final opportunity to see these levels IMHO

Why Darktrace is a great buy in 580-620 for IIs & PIs?

Let’s look at a few data points as to why DARK could hit a target SP of 2,300 to 7,200 putting the recent high of 1000 as a minor peak on their way to greatness in the hot cloud security space.

At a SP of 585 the Market Cap is £4.04 ($5.5B)

In Customer Relationship Management (CRM) the big boys all bought Siebel etc & IBM, Oracle & Microsoft have big offering but Salesforce still thrived as an independent cloud leader now with a Market Cap of $296B

In Human Resource Management the big boys bought PeopleSoft etc & again all the big players have offerings but Workday still thrived as an independent cloud leader now with a Market Cap of $72B

In a commoditised Single Sign On security space, again big boys like Microsoft, Oracle & Salesforce have solutions but Okta is thriving as a breakout cloud specialist, valued at $39B & growing

Recently Norton announced buying Avast for $8B as they try to firm up offerings in the space. Analysts say that was cheap!

Every Gartner Magic Quadrant has many leaders as there is always room for many in a huge market. Think German car market; BMW, VW, Mercedes, Porsche etc - room for all & room for non German players to! So no one player owns a market; even Apple!

Darktrace main competitors such as Crowdstrike are valued @ $61B on;

ARR $1.05B
FY revenue $874.4M
Loss $92.5M
Customers 9,896
Market Cap $61B

That’s 11X of Darktrace today!

Darktrace today is:
ARR $357.3M
FY revenue $281.3M
Loss $149.5M ($38.6M cost of IPO)
Customers 5,605
Market Cap @ 632 SP £4.413 ($6B)

Dark has has grown its customer base by 42% year-on-year which represents year-over-year growth in constant currency ARR of at least 44%. Currently valued @ $5.5B remember!

The total addressable market (TAM) for Darktrace is $28 billion and by 2024, $40 billion so a lot to go around.

Darktrace has bee named the Best Security Company at the 2021 SC Europe Awards.

Independently they could easily reach a $30m to $50m Market Cap giving a SP of 4,320 to 7,200.

Even if DARK sold out it would be north of $16B IMHO @ a SP of 2,300.

Whatever way you look at it, with raised forecast growth, 585 is a great buy in price & why Institutional Investors bought $150m at 620 & todays placing is 580

And let’s not forget they work VERY closely with Microsoft!

As always DYOR & GL
Don’t trust BB posters & make your own decisions on factual data!