Darktrace’s (DARK) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Darktrace (LON:DARK) in a report released on Friday morning, Digital Look reports. The firm currently has a GBX 600 ($7.37) price objective on the stock.

Darktrace Stock Performance

DARK stock traded up GBX 6.40 ($0.08) during midday trading on Friday, hitting GBX 356.80 ($4.38). 1,451,334 shares of the stock traded hands, compared to its average volume of 2,250,283. The stock’s fifty day simple moving average is GBX 376.39 and its 200-day simple moving average is GBX 343.36. The firm has a market cap of £2.50 billion, a P/E ratio of 5,097.14 and a beta of 0.89. Darktrace has a 1-year low of GBX 198 ($2.43) and a 1-year high of GBX 428.10 ($5.26). The company has a debt-to-equity ratio of 21.86, a current ratio of 1.28 and a quick ratio of 1.43.

About Darktrace

Darktrace plc, together with its subsidiaries, engages in the development and sale of cyber-threat defense technology solutions in the United Kingdom, the United States, Europe, and internationally. Its products include Darktrace PREVENT, an attack surface management that continuously monitors attack surface for risks, high-impact vulnerabilities, and external threats; and Darktrace DETECT, which analyzes thousands of metrics to reveal subtle deviations that may signal an evolving threat, including unknown techniques and novel malware, as well as installs in minutes, identifies threats, and avoids disruption.