Darktrace Plc shares plunged after a broker said the artificial intelligence-focused cybersecurity firm is worth only half its last closing value of 6.6 billion pounds ($9.1 billion).
Peel Hunt analysts including Oyvind Bjerke said in a note that some experts they consulted consider Darktrace’s product to be a “gimmick,” though others felt it offered protection in the event of a serious attack. The shares plunged as much as 27% -- the most since the Cambridge, England-based firm went public in April.
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October 25, 2021 at 06:53PM
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Darktrace Shares Plunge as Broker Says Stock Worth Half Current Value - Bloomberg
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