London Mail
  • Home
  • World
  • News
  • Opinion
  • Business
  • Tech
  • Science
  • Sports
  • Lifestyle
  • Health
  • Motering/Cars
  • More
    • Entertainment
    • Travel
    • Crypto
    • Food
    • Home Improvment
      • Real Estate
    • Press Release
No Result
View All Result
  • Home
  • World
  • News
  • Opinion
  • Business
  • Tech
  • Science
  • Sports
  • Lifestyle
  • Health
  • Motering/Cars
  • More
    • Entertainment
    • Travel
    • Crypto
    • Food
    • Home Improvment
      • Real Estate
    • Press Release
No Result
View All Result
London Mail
No Result
View All Result

Darktrace shares soar as outlook brightens

by London Mail
February 1, 2024
in Tech
Reading Time: 2 mins read

US prosecutors who have charged Mr Lynch with fraud over the 2011 sale of his software company Autonomy have also attempted to drag Darktrace into the fray, seeking emails from executives who were at Autonomy at the time.

In a half-year trading update, Darktrace said it expected annual revenues to rise by between 42pc and 44pc, up from a previous forecast of 37pc to 39pc. It also said that its ebitda margin, a measure of profitability, would be higher than expected.

The FTSE 250 company said it expected half-year revenues to be at least $190m (£140m), an increase of at least 50pc. Sales were partly improved by the dollar weakening in recent months.

The update prompted Peel Hunt, whose downbeat analyst note had sent shares crashing in October, to upgrade its recommendation, advising clients to “hold” rather than “sell” Darktrace shares.

“Given the share price has now approached our target price, we pause for breath and move from Sell to Hold,” the broker said. Peel Hunt had previously said that Darktrace’s marketing was not matched by reality.

Analysts at Berenberg said Darktrace shares “have clearly been caught in a web of misinformation, which we think today’s update will serve to break”.

Mr Lynch, who owns 17.5pc of Darktrace along with his wife Angela Bacares, is fighting extradition over US fraud charges, which relate to Autonomy’s £7bn sale to HP in 2011.

Mr Lynch’s legal team has said any criminal charges against him should be heard in the UK.

Darktrace has previously warned investors that the allegations could be a risk to the company.

Source link

Related Posts

IMGP4O: Empowering the Future Digital Economy Through Democratized AI Compute
Tech

IMGP4O: Empowering the Future Digital Economy Through Democratized AI Compute

May 31, 2025
The benefits of using AI in business
Tech

The benefits of using AI in business

March 27, 2024
Apple reveals four new phones with better battery and camera
Tech

Apple reveals four new phones with better battery and camera

February 20, 2024
Next Post
Amazon Prime free games for February 2024 – Essential line-up for Atari fans | Gaming | Entertainment

Amazon Prime free games for February 2024 - Essential line-up for Atari fans | Gaming | Entertainment

Seep: The eco-friendly cleaning brand, reviewed

Seep: The eco-friendly cleaning brand, reviewed

Tesla takes the UK sales crown as petrol now accounts for less than half of new cars

Tesla takes the UK sales crown as petrol now accounts for less than half of new cars

Recommended

The race to save the Swash Channel Wreck: Archaeologists fight the tides to excavate a 17th century shipwreck in Dorset

The race to save the Swash Channel Wreck: Archaeologists fight the tides to excavate a 17th century shipwreck in Dorset

7 months ago
‘I’m a busy mum but make my own baby food pouches – you don’t need to be top chef’

‘I’m a busy mum but make my own baby food pouches – you don’t need to be top chef’

1 year ago
Lakers star Luka Doncic signs $165M extension in move that could have huge LeBron James implications

Lakers star Luka Doncic signs $165M extension in move that could have huge LeBron James implications

1 year ago
I took a popular acne drug and it left me with debilitating joint pain – why did no one warn me of this side-effect?

I took a popular acne drug and it left me with debilitating joint pain – why did no one warn me of this side-effect?

12 months ago

Categories

  • Business
  • Crypto
  • Entertainment
  • Food
  • Health
  • Home Improvment
  • Lifestyle
  • Motering/Cars
  • News
  • Opinion
  • Press Release
  • Real Estate
  • Science
  • Sports
  • Tech
  • Travel
  • World
No Result
View All Result

Highlights

Is this the iPhone 18 Ultra? Leaker claims to reveal the design for Apple’s highly anticipated foldable ahead of its launch next week

Potential treatment for deadly tick-borne condition that makes you allergic to meat discovered

Lakeland’s 10-in-1 pan looks like the always pan pro – I put it to the test

ESPN set for huge change to daily schedule as NFL analyst is handed new afternoon show… and fans are delighted

Democrats erupt in fury after two rebels hand Trump’s GOP a shock victory in stinging betrayal

‘Thunderous’ new Winston Churchill WW2 two-part epic is out now in UK cinemas | Films | Entertainment

London Mail

London Mail | Stay Informed, Stay Inspired ©2025, All rights Reserved

Navigate Site

  • Home
  • About
  • Advertise
  • Contact

Follow Us

No Result
View All Result
  • Home
  • Tech
  • News
  • Business
  • Science
  • Health
  • Sports
  • Lifestyle
  • Travel
  • Opinion

London Mail | Stay Informed, Stay Inspired ©2025, All rights Reserved