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Apax sells chunk of Sophos

Apax sells chunk of Sophos

Cyber-security expert Sophos (SOPH) has garnered huge popularity as a stock over the past year or so, its relevance proven in the eyes of investors by major cyber attacks such as WannaCry. The group has achieved encouraging revenue growth and customer wins. And bosses recently raised their outlook for the year to March 2018. However, at 610p, the stellar price growth is feeding concern that Sophos may be overvalued.

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