Sophos Group Shares News & Articles

Down 20% and falling fast, why UK cyber security specialist Sophos is suffering despite demand boom

Growth is being strangled by intensifying competition for UK cyber security tools supplier Sophos (SOPH), as today’s third quarter billings blow makes all too clear. At 10am the share price is down more than 20% at 296p, valuing the FTSE 250 firm at £1.42bn. Today’s trading update shows no sign of improvement from sluggish trading in the first half, with constant currency billings ...

Why slowing ‘billings’ at cyber security firm Sophos has triggered share price crash

On the face of it today’s interim results from IT security firm Sophos (SOPH) look pretty decent. Revenue was broadly in line at $350m, up 18% year-on-year, the company continues to expand it route to market through a bolstered channel partner network (more than 43,000, up from 39,000 in March and 30,000 18 months ago), while overall customer numbers have risen to 317,000. INVESTORS TAKE ...

Market report: Superdry soars on special dividend and trading recovery; Primark fails to halt ABF sugar sell-off

Fashion chain Superdry (SDRY) on Thursday posted double-digit growth in full year revenue and underlying pre-tax profit, helped by its wholesale segment, sending its share price racing to the top of the FTSE All-Share in early trade. The company has also declared a special dividend worth 25p per share. Reported pre-tax profit fell to £65.3m, from £84.8m in the previous year due to currency ...

Cyber flop Avast has scope to rally nearly 50% if analysts have their sums right

Analysts at broker Jefferies have issued a rallying call to investors to back cyber security business Avast (AVST) with what they see as ‘significant scope for the shares to re-rate’. Jefferies’ Vijay Anand has slapped a 320p target on the share price, implying 48% upside from the current price. The Czech Republic-based consumer antivirus provider has struggled to build investor support ...

Why today’s 16% share price jump at cyber firm Sophos is strong argument against stop losses

A strong last quarter has set shares in the cyber security company Sophos (SOPH) surging on Thursday. In mid-morning trade the stock has jumped 16% to 483.6p, valuing the business at a little more than £2.24bn. Already this year Sophos shareholders may feel queasy from the roller-coaster ride of the stock. Today’s jump is just the latest in a bumpy run since closing 2017 out at 570p, taking ...

Cyber security star Sophos sees share price slump, but there’s a much more interesting underlying story here

Today’s third quarter update from UK cyber security firm Sophos (SOPH) makes for interesting reading. What the market is focusing on is the big hit to operating cash flow and hefty operating losses. In the three months to 31 December 2017 (the company’s third quarter) adjusted operating profit declined by 6.1% to $15.3m and operating cash performance fell 2.2% to $17.5m. It’s worth ...

Market report: TalkTalk slashes payout, seeks £200m funding, but Compass and AA both impress

UK investors could be in for another bumpy day of trading on Thursday after a mixed session overnight in the US. The FTSE 100 index opens on the back foot, losing around 45 points, or 0.6%, in early deals to trade at 7,235.08. There’s more bad news from embattled TalkTalk (TALK) as the broadband and calls supplier slashes its dividend and goes on the hunt for new funding via a £200m rights ...
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