Advertisement
UK markets open in 12 minutes
  • NIKKEI 225

    38,073.98
    -128.39 (-0.34%)
     
  • HANG SENG

    18,519.49
    +205.63 (+1.12%)
     
  • CRUDE OIL

    79.37
    +0.38 (+0.48%)
     
  • GOLD FUTURES

    2,322.10
    -0.20 (-0.01%)
     
  • DOW

    39,056.39
    +172.13 (+0.44%)
     
  • Bitcoin GBP

    49,298.32
    -748.33 (-1.50%)
     
  • CMC Crypto 200

    1,315.18
    +15.08 (+1.16%)
     
  • NASDAQ Composite

    16,302.76
    -29.80 (-0.18%)
     
  • UK FTSE All Share

    4,544.24
    +21.25 (+0.47%)
     

BUZZ-Sophos: Q1 warning spurs cyber-security co's worst day ever

** Sophos down c19 pct, biggest ever one-day drop (IPO: mid 2015)

** Co expects to report lower than anticipated billings growth in Q1 - at c2 pct at constant currency (vs Morgan Stanley (Xetra: 885836 - news) estimate of 12 pct)

** Co says subdued Q1 growth mainly driven by Enduser security business, which faced a particularly challenging comparable

** MS highlights co's expectation of continued weak growth in billings in Q2, before moving back to mid teens billings growth ex FX in H2

** Stock -12 pct YTD