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Sophos tumble highlights risks of highly-rated sector

Sophos tumble highlights risks of highly-rated sector

Things had been looking up for Sophos (SOPH), with the shares rallying in April on news that full-year billings had risen to the top end of management's 20-22 per cent guidance. However, that momentum has not been sustained. Billings grew by around 6 per cent during the first quarter, or a meagre 2 per cent at constant currencies – the worst performance in more than two years. 

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