Why I think the Darktrace share price is undervalued

first_img Image: Lloyds I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Rupert Hargreaves | Saturday, 8th May, 2021 | More on: DARK Our 6 ‘Best Buys Now’ Shares Enter Your Email Addresscenter_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Rupert Hargreaves The Darktrace (LSE: DARK) share price soared higher after the company’s IPO last week. Soon after trading began, the stock was up more than 40% from its issue price. And I believe that even after this gain, the stock looks cheap compared to its potential. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Darktrace share price outlook To explain why I’m so excited about the company’s potential, I should start with its history. Darktrace was founded in 2013 by mathematicians from the University of Cambridge, artificial intelligence experts and cybersecurity specialists from GCHQ.The business has since risen to become one of the UK’s premier cybersecurity companies. It uses artificial intelligence developed by its team of Cambridge mathematicians to hunt for vulnerabilities in IT systems. The global cybersecurity market is booming. It is projected to grow at a compound annual rate of 12.5% per annum over the next seven years. As a result, the market could be worth as much as $418bn by 2028, up from $163bn in 2020, according to these projections. Of course, these are just projections of this stage, but I think they show the scale of the opportunity available to companies like Darktrace. The firm’s CEO, Poppy Gustafsson, believes companies are engaged in an arms race with cyber attackers.At the moment, Darktrace has the edge thanks to its AI tech. Yet Gustafsson doesn’t believe that will last long. This is both a risk and an opportunity for the group. If customers start to override its technology, customers could go elsewhere.However, there will be an opportunity for the group and its collection of mathematicians and spies to develop the next generation of cybersecurity technology.Growth trajectory As the world becomes more and more connected via technology, I think it’s only likely demand for cybersecurity services will grow. That’s why I’m so optimistic about the outlook for the Darktrace share price. In my opinion, the market is only really in its infancy. So there could be decades of growth ahead for the sector and its leading companies. Still, despite the opportunity, Darktrace will face risks and challenges as we advance. As noted above, it will have to overcome issues such as staying ahead of attackers and the competition. It is also far from profitable. Last year the group lost $54m on revenues of $199m. If the company continues to lose money, it could have to raise new funds in the future. Nevertheless, even after taking these risks and challenges into account, I’d still buy the stock for my portfolio. Over the next few years, I reckon the group can capitalise on the booming cybersecurity market, which should drive revenue and profit growth. As profits grow, the Darktrace share price should begin to reflect that expansion. What’s more, at the time of writing, the stock is selling at a price-to-sales (P/S) ratio of 13, which looks cheap to me compared to US peer Crowdstrike. The latter is trading at a P/S ratio of more than 50.  Why I think the Darktrace share price is undervaluedlast_img read more

Concerns raised following figures published by the Common Agricultural Scheme

first_img 75 positive cases of Covid confirmed in North Further drop in people receiving PUP in Donegal Man arrested on suspicion of drugs and criminal property offences in Derry Facebook 365 additional cases of Covid-19 in Republic Homepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Google+ WhatsApp By admin – May 31, 2015 Twitter Main Evening News, Sport and Obituaries Tuesday May 25th center_img Concerns have been raised following figures published under the Common Agricultural Scheme regarding payment to farmers.Figures released show that farmers in Donegal received over 85 million euro in payments last year.Over the past few days, the Department of Agriculture began publishing figures for every county.Farmers paid above €1,250 have their names published.Donegal IFA Environment Chairman,  P.J. McMonagle says the publication will put farming families under threat:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/05/pj6-.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Pinterest Previous articleHarps and Longford to do it again on Monday NightNext articleSuper Cockhill are through to the third round of the FAI Cup admin Gardai continue to investigate Kilmacrennan fire Twitter Pinterest Google+ Concerns raised following figures published by the Common Agricultural Scheme Facebooklast_img read more

10 months agoEx-Man City fullback Greg Leigh hopes NAC Breda fans now behind him

first_imgEx-Man City fullback Greg Leigh hopes NAC Breda fans now behind himby Paul Vegas10 months agoSend to a friendShare the loveFormer Manchester City fullback Greg Leigh hopes he’s now winning over fans at NAC Breda.Having been snapped up from Bury last summer, Leigh suffered a slow start to his Eredivisie career.However, the defender impressed for victory over Vitesse and acknowledged the support and chants of “Leigh, Leigh, Leigh” from NAC fans.”I heard it, yes. I tried to shut myself off, but I heard it. I cannot deny that it makes you bigger as a player, it is good for your self-confidence,” he said.”I know what it has been like when I have not been able to convince, that is the most important thing for me. The criticism was sometimes justified, I can do better, I know.” About the authorPaul VegasShare the loveHave your saylast_img read more

10 months agoSolskjaer proves Man Utd record breaker: We want to entertain

first_imgAbout the authorPaul VegasShare the loveHave your say Solskjaer proves Man Utd record breaker: We want to entertainby Paul Vegas10 months agoSend to a friendShare the loveOle Gunnar Solskjaer admits he’s happy to be breaking records at Manchester United.Paul Pogba scored twice while Marcus Rashford and Romelu Lukaku also netted to stun Bournemouth.And Solskjaer is only the THIRD United boss in history to win his first three games in charge.He declared: “We want to go attacking. We’ve been at home two games and have to entertain the crowd.”You have good players, they want to learn, improve — I just want to do my bit.”We created some great chances — some fantastic attacking football.”That’s what the fans want to see and the players are enjoying themselves.” last_img read more

10 months agoINSIDER: Alba furious with Barcelona over Rabiot offer

first_imgTagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say INSIDER: Alba furious with Barcelona over Rabiot offerby Carlos Volcano10 months agoSend to a friendShare the loveBarcelona fullback Jordi Alba is upset over the way he’s been treated by management.Alba has made it no secret over his frustration regarding a lack of progress in new contract talks – and adding to his anger is Barca’s move for PSG midfielder Adrien Rabiot.Okdiario’s chief pundit Eduardo Inda told El Chiringuito, “Jordi Alba is having a terrible time because they are going to sign Rabiot, a huge player who is liked by Real Madrid. “He sees that he is going to be paid €10m a year. He has been asking for a renewal for a long time and his anger is bursting.” last_img read more

a month agoLascelles motivates Newcastle for ‘six-pointer’ with Brighton

first_imgLascelles motivates Newcastle for ‘six-pointer’ with Brightonby Ansser Sadiqa month agoSend to a friendShare the loveNewcastle United captain Jamaal Lascelles has branded Saturday’s clash with Brighton as a “six-pointer”.Both clubs are expected to fight to stay in the Premier League at the tail-end of the season.The 25-year-old said: “We’ve had another tough run to the start of the season. Playing Liverpool, Tottenham, and Arsenal is a tough start for anyone.”We’ve played some good football, and now against Brighton we need to be really pushing to get the three points out of that game.”These games are six-pointers. At home to Brighton, we’ve definitely got to fancy ourselves.”They could be competition for us, so anyone who’s going to be in and around us, we need to be taking points from. Saturday is the right time to do that.” About the authorAnsser SadiqShare the loveHave your saylast_img read more

Alberta Premier Rachel Notleys propipeline tour wellreceived in Calgary

first_imgCALGARY – Alberta Premier Rachel Notley took her pro-pipeline tour to the heart of the energy industry in Calgary on Friday where she urged business leaders not to let up on the message that Canada’s climate progress depends on pipeline progress.Speaking in front of the Calgary Chamber, Notley assured the audience that she has been delivering that message in person all week to audiences in Ontario in an effort to see progress on pipelines, especially with Kinder Morgan’s Trans Mountain project that faces resistance in British Columbia.“The time to speak up is now,” said Notley, calling on both business leaders and Albertans of all political stripes to get out and talk about climate action, pipeline safety, and the importance of the energy industry for the overall economy.“This is all about our common future. And it’s bigger than any party label. As business leaders, your voice matters.”Touting the enormous economic benefits Alberta contributes to Canada, and the need to preserve good jobs in the energy sector while making progress on the environment, Notley was thanked for her efforts with a standing ovation from a crowd that greeted her with lukewarm applause two years ago.Notley also called on the federal Liberals, as she had when in Ottawa and Toronto this week, to do more to advocate for the pipeline.“You have to step up,” she said. “This project is in the national interest, that’s why it got approved.”“Now, more than ever, Canadians need our national government to articulate, and then defend the national interest,” she added.Ian Anderson, president of Kinder Morgan Canada, thanked Notley for her strong advocacy on behalf of the project and the industry in his introduction of the premier.“You’ve been a strong and unwavering supporter of ours, and our industry. Your voice is being heard loud and clear across the country.”He noted the importance of the public relations campaign as Kinder Morgan has still yet to put shovels in the ground for a project that the federal government approved a year ago.“While we had hoped that we would have been putting Albertans to work, I can assure you we will very soon be putting Albertans to work and we will be commencing construction as soon as we possibly can on the project.”Notley takes her pipeline tour to Vancouver next week where there exists some of the fiercest opposition to a project that would nearly triple the capacity of the pipeline running from Alberta to Burnaby, B.C.last_img read more

HBO chief Quality wont suffer under new owner ATT

first_imgBEVERLY HILLS, Calif. – HBO’s programming chief pushed back Wednesday against the possibility that the cable channel will suffer under new owner AT&T.Casey Bloys, speaking to a meeting of TV critics, said there are no plans to choose volume over quality for its shows.“No one is asking us to take pitches of a ‘Love Boat’ reboot or anything like that,” he said.As support, Bloys cited comments made during an earnings call Tuesday by John Stankey, who manages the new AT&T division that includes HBO and other Time Warner media assets. AT&T acquired Time Warner in an $85 billion deal concluded earlier this month.Stankey said that the aim was to invest more in premium content at HBO, home to “Game of Thrones,” ”Big Little Lies” and “Westworld.” In contrast, he reportedly told HBO staff recently to prepare for a difficult year.Bloys called Tuesday’s remarks “music to our ears.”Time Warner had curtailed programming investment as it readied itself for sale “so this is the first time in a long time we’ve heard anybody talking about investing in programming,” he said.HBO has long held the high ground in acclaimed shows but is facing challenges from big-spending newcomers including streaming services Netflix and Amazon. In the recently announced Emmy nominations, Netflix ended HBO’s 17-year streak as the most-nominated outlet by snagging 112 bids to HBO’s 108.The outcome was unsurprising given the overall volume of programming, Bloys said, a reference to the phenomenon dubbed “peak TV” that has given viewers nearly 500 series.Getting four fewer nominations “is not going to change the type of programs that we develop and produce at all,” he said, but added that HBO does face the challenge of creating more programming without changing its approach.“So that’s what we’re in discussion now. What’s the right level for us with this increased funding?” he said.last_img read more

Go Fund Me Campaign started for family who lost everything in house

first_imgFORT ST. JOHN, B.C. – A Go Fund Me campaign has started for a Fort St. John family who lost everything due to a house fire on August 5th.Greg Slack, Robyn Carr and their three children were luckily out of the house when the fire occurred at approximately 4:50 on Sunday. Fire crews were able to put out the fire within one hour but due to smoke damage, the house was unsalvagable.Fort St. John Fire Department Captain Marco D’Agostino explained that the fire started in the laundry room likely due to a build-up of lint in the dryer. D’agostino added that the family’s dryer had plastic tubes in the back which when exposed to excessive heat don’t react well. D’agistino went on to warn residents to check dryer lint deposits regularly so this doesn’t happen to their homes in the future.The family lost all their clothes, appliances, personal items, and children’s toys, making them have to effectively start from scratch.Anyone interested in donating to the Go Fund Me can click here.last_img read more

BC Chamber of Commerce call for Nominations 2019 Board of Directors

first_imgIf you or know someone that would be suited to or would like to join the Board yourself, read the nomination package CLICK HERE The deadline for submissions is 11:59PM, Friday, February 4, 2019. VANCOUVER, B.C. – The BC Chamber of Commerce has one vacancy in the Northeast without an incumbent.The BC Chamber of Commerce is seeking people that want to help shape the Chamber’s future through their actions, words and principals to serve on the 2019 Board of Directors.They seek dynamic individuals to serve as leaders in their pursuit of advocacy, insight, and influence.last_img read more