The London Stock Exchange (LSE) publicly listed Darktrace PLC (DARK.L) in 2021. The company went public in April 2021. Its shares have been listed on the Main Market of the London Stock Exchange under the ticker symbol DARK. Darktrace Share Price is at 270.50 GBp as of this post.
As of March 23, 2023, the market capitalization of Darktrace is around £3.88 billion, and the current share price is £5.78.
Brief Background of Darktrace Share
Darktrace PLC is a British cybersecurity company founded in Cambridge, UK. Mathematicians and intelligence experts from government intelligence agencies founded this company. It’s known for developing an AI-powered cybersecurity platform to detect and respond to advanced cyber threats in real-time.
Darktrace’s platform is based on unsupervised machine learning algorithms that analyze network data and identify abnormal behavior that could indicate a cyber attack. Then, the system takes automated action to mitigate the threat, including isolating the affected device or blocking malicious traffic.
Since its founding, Darktrace has proliferated. It currently has a global presence, with offices in over 40 countries. In addition, it has a customer base that includes some of the world’s largest companies and organizations. In April 2021, Darktrace went public on the London Stock Exchange with an initial public offering (IPO) valued at around £1.7 billion. The IPO was one of the most highly anticipated technology listings in recent years and was seen as a sign of the growing importance of cybersecurity in the digital economy.
Advantages of Investing in Darktrace
As an AI-powered cybersecurity company with a rapidly growing customer base and a global presence, Darktrace PLC offers several potential advantages for investors. Here are some possible advantages of investing in Darktrace:
- Growing market. As cyber threats become more frequent, there is an increase in expectations for the global cybersecurity market. This provides a large and expanding market for companies like Darktrace that offer advanced cybersecurity solutions.
- Innovative technology. Darktrace has a real-time platform that detects and responds to advanced cyber threats. In addition, it’s based on cutting-edge unsupervised machine learning algorithms. Thus, this gives the company a competitive advantage in cybersecurity and positions it as a leader in AI-driven cybersecurity.
- Experienced leadership. Darktrace’s leadership team includes experts with extensive experience in cybersecurity and AI, including former intelligence officers from MI5 and GCHQ. This gives the company a strong foundation of knowledge and expertise to draw from as it continues to grow and innovate.
- Global reach. Darktrace has a global presence, with offices in over 40 countries and a customer base that includes some of the world’s largest companies and organizations. Thus, providing the company diverse revenue streams reduces its dependence on any single market or region.
- Positive financials. Darktrace has reported strong financial results recently, with revenue proliferating and gross profit margins increasing.
Darktrace Main Competitors
Darktrace PLC operates in the highly competitive cybersecurity industry, and several companies could be considered its main competitors. Here are a few examples:
- CrowdStrike. A U.S.-based cybersecurity company that offers endpoint protection and threat intelligence solutions. Like Darktrace, machine learning and artificial intelligence powers CrowdStrike’s platform.
- Palo Alto Networks. A leading cybersecurity company that provides network security, cloud security, and endpoint protection solutions. The company’s platform prevents cyber-attacks before they occur due to using AI and machine learning.
- FireEye. A U.S.-based cybersecurity company that offers a range of threat detection and response solutions. The company’s platform uses AI and machine learning to analyze network data and detect abnormal behavior that could indicate a cyber-attack.
- Cisco Systems. A multinational technology conglomerate that offers a range of cybersecurity solutions, including network security, cloud security, and endpoint protection. The company’s platform uses AI and machine learning to detect and respond to cyber threats in real time.
- McAfee. A U.S.-based cybersecurity company that provides various solutions for network security, cloud security, and endpoint protection. The company’s platform uses AI and machine learning to detect and respond to cyber threats, similar to Darktrace’s platform.
