SOPH.L - Sophos Group plc

LSE - LSE Delayed price. Currency in GBp
580.40
+5.40 (+0.94%)
At close: 4:35PM GMT
Stock chart is not supported by your current browser
Previous close575.00
Open572.40
Bid260.00 x 0
Ask0.00 x 0
Day's range572.40 - 582.00
52-week range371.70 - 587.23
Volume839,259
Avg. volume0
Market cap2.991B
Beta (5Y monthly)N/A
PE ratio (TTM)341.41
EPS (TTM)N/A
Earnings date06 Nov 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est6.11
  • Two measures that show Sophos' positive momentum
    Stockopedia

    Two measures that show Sophos' positive momentum

    Finding stocks that have both positive share price momentum and improving financial health trends is a great way of finding pockets of quality and momentum in8230;

  • Cybersecurity Firm ForeScout to Explore Potential Sale
    Bloomberg

    Cybersecurity Firm ForeScout to Explore Potential Sale

    (Bloomberg) -- Cybersecurity company ForeScout Technologies Inc. is exploring strategic options, including a possible sale, after activist investors built a stake, according to people familiar with the matter.The San Jose, California-based company is working with a financial adviser, said the people, who asked to not be identified because the matter isn’t public. A final decision on pursuing a sale hasn’t been made and the company could decide to remain independent, the people said.ForeScout rose 6.8% to $33.06 at 12:01 a.m. in New York trading Monday, giving the company a market value of about $1.56 billion. Its shares are up about 22% in the past year.A representative for ForeScout declined to comment.The company’s effort comes amid a wave of industry consolidation. Private equity firm Thoma Bravo agreed last month to buy British cybersecurity firm Sophos Group Plc for $3.8 billion.Activist investor Corvex Management and its partner, Jericho Capital Asset Management, disclosed a combined 14.5% in ForeScout last month and said they planned to push for changes at the company.The cybersecurity firm has the potential to double sales over the next five years as it shifts to a subscription-based model, Corvex Managing Partner Keith Meister said at an investor conference in October.ForeScout’s software allows customers to see what devices are connected to a network, according to its website.ForeScout cut its revenue forecast for 2019 last week, as sales fell below expectations in areas including Europe, the Middle East and Africa.(Updates share price in third paragraph.)\--With assistance from Crystal Tse.To contact the reporters on this story: Scott Deveau in New York at sdeveau2@bloomberg.net;Liana Baker in New York at lbaker75@bloomberg.net;Kiel Porter in Chicago at kporter17@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Does Sophos (LON:SOPH) have enough liquid assets?
    Stockopedia

    Does Sophos (LON:SOPH) have enough liquid assets?

    Business distress and bankruptcy can put a dent in your portfolio no matter how well diversified you are. That's why paying attention to simple checklists that8230;

  • PR Newswire

    HBK Investments LP - Form 8.3 - Sophos Group Plc

    FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1.         KEY INFORMATION ...

  • PR Newswire

    Global Alpha Capital Management Ltd - Form 8.3 - Sophos Group Plc

    FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1.         KEY INFORMATION ...

  • British Tech Firms Bought Up by Foreign Buyers After the Vote to Leave
    Bloomberg

    British Tech Firms Bought Up by Foreign Buyers After the Vote to Leave

    (Bloomberg) -- In the run-up to Brexit, the home of Alan Turing and Tim Berners-Lee is looking like a tech bargain.Overseas bidders have announced about $60 billion in deals for British tech companies since the vote to leave the European Union three years ago, according to data compiled by Bloomberg. In 2016, the number of deals surged to the highest since at least 1998 and have maintained a higher level than any of the measured years before the vote, peaking at more than 200 in 2018, the data show.And the dealmaking is not slowing down. U.S. private equity firm Thoma Bravo’s agreement to buy Sophos Group Plc for $3.8 billion on Monday was the largest deal for a British tech company since SoftBank Group Corp. agreed to buy Cambridge-based ARM Holdings for $32 billion in 2016.Dealmaking has been increasing steadily as big-spending buyout firms and U.S. tech companies came to shop in Cambridge and London.The country’s tech firms tend to generate a lot of revenue outside of their home markets. As the U.K. approaches an Oct. 31 deadline to leave the EU, this acts as a hedge against the pound falling further or British sales drying up. Sophos gets less than 12% of annual revenue from the U.K., with most sales coming from the U.S. and Germany, according to its last full-year report.Venture capital funds -- often raised in dollars -- have also found the U.K. attractive, even with the Oct. 31 deadline to leave the EU looming. In the first nine months of the year, U.K. companies reaped more than 7.4 billion pounds ($9.4 billion) compared to 7.8 billion pounds in all of 2018, according to a report this month by KPMG and Pitchbook.However, investors are keen not to overpay with Brexit looming. For deals announced this year, British tech firms have commanded an average premium of 24% compared to 41% in the U.S., according to data compiled by Bloomberg.To contact the reporter on this story: Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire

    Norges Bank - Form 8.3 - Sophos Group Plc

    FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1.         KEY INFORMATION ...

  • Sophos Becomes Latest U.K. Tech Target in $3.8 Billion Deal
    Bloomberg

    Sophos Becomes Latest U.K. Tech Target in $3.8 Billion Deal

    (Bloomberg) -- Private equity firm Thoma Bravo agreed to buy Sophos Group Plc for $3.8 billion, taking the British cybersecurity firm private in the biggest takeover of a U.K. technology firm this year.Thoma Bravo will pay $7.40 a share in cash, or 583 pence per share, representing a premium of 37.1% to its last closing price, the buyout firm said in a statement Monday. Shares jumped as much as 38% in London on Monday and traded at 576 pence at 10:34 a.m.The deal would be among the largest take-privates in the U.K. technology industry in recent years and marks the latest firm snapped up by a foreign buyer. Both semiconductor designer ARM and Imagination Technologies -- once flagship U.K.-listed companies -- have been bought by foreign investors.A weak U.K. pound has also fed into foreign buyers targeting local companies. Cross-border deals for U.K. companies jumped 66% in the third quarter compared to the same period in 2018, according to data compiled by Bloomberg.Thoma Bravo made an initial non-binding proposal in June 2019, Sophos Chief Executive Officer Kris Hagerman said in an interview after the announcement. Sophos hasn’t received any other offers, and the Thoma Bravo bid is the one that’s been presented and the one that the board is recommending to shareholders, he said.“We’ve been impressed with both their knowledge of the space and their experience with software and in cyber security,” Hagerman said. “That track record and that experience and that judgment of how do you partner with management teams” is a “compelling fit,” he said.Hagerman said the company is likely to continue with a similar strategy under their new ownership.Sophos also posted details on its financial performance for the first half of the year on Monday, and expects to report 9% constant currency billings growth for the six months to the end of September. In January, Sophos had blamed a challenging prior-year comparable for a “subdued” performance, causing the Abingdon, England-based company’s stock to sink to its lowest level in almost two years.The firm provides IT security to a range of clients as small as dentists and neighborhood stores. Its products are aimed at mid-market businesses with as many as 5,000 employees, but customers also include smaller companies that need to protect against cyberattacks.Thoma Bravo, which specializes in technology deals, bought Sophos’s rival Barracuda Networks Inc., in late 2017 in a deal valued at$1.6 billion.JPMorgan Chase & Co., Lazard Ltd. and UBS Group AG advised Sophos while Goldman Sachs Group Inc. worked for the bidder.(Adds CEO comments starting in the fourth paragraph.)To contact the reporters on this story: Giles Turner in London at gturner35@bloomberg.net;Kit Rees in London at krees1@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Amy Thomson, Dinesh NairFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • What to Watch: £3bn takeover for UK software firm, FTSE 250 dives on Brexit fears, and Extinction Rebellion targets the City
    Yahoo Finance UK

    What to Watch: £3bn takeover for UK software firm, FTSE 250 dives on Brexit fears, and Extinction Rebellion targets the City

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Reuters - UK Focus

    UPDATE 2-UK stocks recoil as Brexit optimism fades; buyout spurs Sophos

    London-listed companies with exposure to the domestic economy retreated on Monday as last week's euphoric optimism gave way to doubts over whether a timely Brexit deal could be clinched, while cybersecurity firm Sophos surged 36% after a buyout offer. The FTSE 250 ended slightly off the day's lows but still shed 0.6%, handing back part of the more than 4% gain it had recorded in the previous session which was its best in nearly a decade. JP Morgan's UK domestic plays index, tracking about 30 UK stocks that make all or most of their revenue at home, pulled back nearly 1%.

  • UK stocks recoil as Brexit optimism fades; buyout spurs Sophos
    Reuters

    UK stocks recoil as Brexit optimism fades; buyout spurs Sophos

    The FTSE 250 <.FTMC> ended slightly off the day's lows but still shed 0.6%, handing back part of the more than 4% gain it had recorded in the previous session which was its best in nearly a decade. Britain and the European Union said over the weekend that a lot more work would be needed to secure a Brexit agreement. JP Morgan's UK domestic plays index <.JPDEUKDM>, tracking about 30 UK stocks that make all or most of their revenue at home, pulled back nearly 1%.

  • Reuters - UK Focus

    UK stocks ease as Brexit euphoria cools; Sophos soars

    London-listed companies with exposure to the domestic economy retreated on Monday after last week's optimism around Brexit amid signs that more work was needed to sort out a deal, while cybersecurity firm Sophos soared 38% after a buyout offer. The FTSE 100 gave up 0.3% by 0710 GMT. The FTSE 250 shed 1.2%, handing back part of the more than 4% gain it had recorded in the previous session, which was its best in more than nine years.

  • Reuters - UK Focus

    UPDATE 3-Buyout firm Thoma Bravo adds Sophos to its cybersecurity chest with $3.8 bln deal

    U.S. private equity firm Thoma Bravo is adding Sophos Group to its cybersecurity stable, announcing on Monday a buyout deal that values the British maker of antivirus and encryption products at about $3.8 billion. The takeover price of 583 pence per share represented a 37% premium from Sophos's closing price on Friday and Sophos shares surged nearly 38% on news of the deal. Sophos, whose customers include Under Armour Inc, Ford Motor Co and Toshiba Corp, listed in 2015 at 225 pence per share and has seen its market value double since then, despite a tough 2018.

  • Reuters

    Buyout firm Thoma Bravo adds Sophos to its cybersecurity chest with $3.8 billion deal

    The takeover price of 583 pence per share represented a 37% premium from Sophos's closing price on Friday and Sophos shares surged nearly 38% on news of the deal. Sophos, whose customers include Under Armour Inc, Ford Motor Co and Toshiba Corp, listed in 2015 at 225 pence per share and has seen its market value double since then, despite a tough 2018. Thoma Bravo's move for Sophos trails several other buyout deals by U.S. funds drawn towards the UK as the pound weakened ahead of Brexit.

  • Should You Be Excited About Sophos Group plc's (LON:SOPH) 17% Return On Equity?
    Simply Wall St.

    Should You Be Excited About Sophos Group plc's (LON:SOPH) 17% Return On Equity?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • Sophos Group (LON:SOPH) Shareholders Booked A 57% Gain In The Last Three Years
    Simply Wall St.

    Sophos Group (LON:SOPH) Shareholders Booked A 57% Gain In The Last Three Years

    It might be of some concern to shareholders to see the Sophos Group plc (LON:SOPH) share price down 11% in the last...

  • What Should Investors Know About Sophos Group plc's (LON:SOPH) Growth?
    Simply Wall St.

    What Should Investors Know About Sophos Group plc's (LON:SOPH) Growth?

    After Sophos Group plc's (LON:SOPH) recent earnings announcement in March 2019, it seems that analyst forecasts are...

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