Darktrace shares glow as UK cyber group lifts outlook

Published by
Reuters UK

By Kate Holton LONDON (Reuters) -British cyber security firm Darktrace lifted its full-year revenue and margin guidance on Tuesday after it enjoyed a near 40% jump in customers, driving its shares higher after a recent slump. Darktrace, which uses artificial intelligence to detect attacks and vulnerabilities inside IT networks rather than building barriers at the perimeter, listed on the stock market in April and has endured a bumpy ride. Initially a star performer, its shares rallied more than 300% in the first four months before they fell away, hit by a negative Peel Hunt analyst note and in…

Read More

See also  Artificial intelligent Xiaomi to invest $7 billion in 5G, AI and IoT over next 5 years

Leave a Reply