Join our community of smart investors

Darktrace: Too much too young?

It has been a stock market phenomenon since listing, but has Darktrace's value gone too far? Robin Hardy examines the investment case
Darktrace: Too much too young?

Darktrace (DARK) might sound more like a Marvel comics superhero, but instead it is a recently floated cyber security business that has seen a meteoric rise in its first few months as a public company. Already large at IPO (starting at £1.7bn or £2.3bn at the end of the first day’s trading), it was already in the upper reaches of the FTSE 250 index and after a concerted surge in its share price, it is today valued higher than 20 stocks already in the FTSE 100 index, at over £6bn. That’s an impressive stock market debut, but is this the start of something beautiful or, as per 1980’s SKA band The Specials would have it, 'Too much too young?'

 

What does Darktrace do?

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in