Darktrace’s (DARK) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Darktrace (LON:DARKFree Report) in a research note issued to investors on Friday, Digital Look reports. The firm currently has a GBX 600 ($7.37) price target on the stock.

Darktrace Stock Performance

Shares of LON:DARK traded up GBX 6.40 ($0.08) on Friday, hitting GBX 356.80 ($4.38). 1,451,334 shares of the company were exchanged, compared to its average volume of 2,250,283. The firm has a market capitalization of £2.50 billion, a price-to-earnings ratio of 5,097.14 and a beta of 0.89. The company’s 50 day moving average price is GBX 376.39 and its two-hundred day moving average price is GBX 343.36. Darktrace has a one year low of GBX 198 ($2.43) and a one year high of GBX 428.10 ($5.26). The company has a debt-to-equity ratio of 21.86, a quick ratio of 1.43 and a current ratio of 1.28.

About Darktrace

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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.

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