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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
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Go to Proactive UK

Tech

Darktrace still under a cloud

Darktrace PLC (LSE:DARK) gives its third-quarter update in the coming week with plenty of questions still about its model and opportunities going forward in an increasingly AI-dominated world.

Recent half-year figures showed the cyber security group on track to meet its previous guidance of recurring revenue (ARR) growth of between 29-31.5%, which in current economic circumstances looks pretty good.

But Darktrace has been under a cloud since a short-selling attack by US hedge fund QCM in January, something that has prompted it to employ accountant E&Y to give its financial procedures the once over.

An update on the progress of that review will be among the things investors will be watching out for in the trading statement, along with how the group is responding to the new wave of AI bots.

Darktrace has already warned that scammers and other criminals are using the new tech to hone their attacks and whether this gives some impetus to sales will be worth noting.

Shares have been marking time recently at 268p, having rallied after initially falling sharply on the QCM accusations.

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