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Momentum wanes at Sophos

Momentum wanes at Sophos

Investors in Sophos (SOPH) had quite a ride last year. High-profile ransomware attacks including ‘WannaCry’ in May and so-called ‘Petya’ in June drove increased interest in the cyber-security company. Indeed, its shares climbed nearly 150 per cent over the course of 2017 – supported by strong billings growth. However, as the share price skyrocketed, some became worried that the stock was overvalued. Management would need to maintain, or improve upon, the momentum seen so far to allay such fears.

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