Sophos Group Share News (SOPH)

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Sophos grows in third quarter, but hurt by strong dollar

Tue, 09th Feb 2016 09:03

(ShareCast News) - Cloud-enabled security provider Sophos reported a strong third quarter on Tuesday, with growth continuing through a major acquisition in the three months to 31 December 2015, though a strong dollar depleted some of its gains.The FTSE 250's third quarter like-for-like billings were up 17.4% year-on-year, with growth across all major regions and product categories, though notwithstanding stronger quarterly comparatives.Sophos' reported billings grew 10.6% year-on-year, reflecting significant currency headwinds including the devaluation of both sterling and the euro against the US dollar.Reported revenue in the quarter was $121.4m (£84.16m), up 4.7% over 12 months earlier, or 11.9% growth on a constant currency basis.Its reported cash EBITDA was $34.8m, up 5.5% year-on-year or 16.3% at constant currency.The company's weighted average contract length in the last twelve months was 28.5 months, a modest increase on the prior year's 28 months, following a small number of longer term deals in Japan.Chief executive officer Kris Hagerman said strong demand for comprehensive IT security was continuing to drive the business."We saw sustained growth across all regions in the third quarter, and continue to grow faster than the market in both our network and end user product groups", he said."We are pleased to reaffirm our full year outlook of like-for-like billings growth in the high teens to 20% range", he added.During the period, the company also acquired 100% of SurfRight BV for a cash consideration of $31.8m. The company said the acquisition had an insignificant impact on results for the quarter, and was enabling Sophos to integrate SurfRight security technology into its line of endpoint solutions."The strength we experienced in the first half has continued through the third quarter as we remain focused on our strategy to be the best in the world at delivering complete, enterprise-grade IT security for mid-market organisations and the channel partners that serve them", Hagerman concluded.

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24 Jun 2016 15:21

Broker tips: Sophos Group, IAG, Next, M&S

(ShareCast News) - Numis sounded an optimistic note on Sophos Group ahead of the company's Capital Markets Day, pointing to the firm's strong products, a substantial market opportunity and the attractive cash flow yield on offer to back up its arguments. Against that backdrop, it believed the IT sec

24 Jun 2016 15:11

Numis sees possible share price catalyst on the horizon for Sophos Group

23 Jun 2016 13:11

Thursday broker round-up

(ShareCast News) - Ascential: Goldman Sachs reiterates buy with a target price of 278p. Sophos: UBS keeps at buy with a 300p target. SSP Group: JP Morgan keeps at overweight with a target price of 335p. Vodafone: HSBC upgrades to buy with a target of 175p. Bae Systems: Berenberg downgrades to hol

10 Jun 2016 17:15

Sophos Chief Financial Officer Appointed As Non-Exec At De La Rue

2 Jun 2016 08:29

BROKER RATINGS SUMMARY: Jefferies Downgrades MoneySupermarket To Hold

27 May 2016 15:30

FTSE 250 movers: Phoenix Group firms on AXA Wealth deal

(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth

26 May 2016 09:11

Sophos full-year billings up 20%

(ShareCast News) - FTSE 250 cyber security firm Sophos Group reported solid sales growth on Thursday in its first results as a public company. For the year to the end of March, like-for-like billings grew 19.7% year-over-year to $534.9m, with strong billings growth across all regions and products

26 May 2016 07:34

LONDON MARKET OPEN: Resource Stocks Support Flat FTSE 100

26 May 2016 06:49

TOP NEWS: Sophos Fares Well In First Year Since IPO But Loss Widens

19 May 2016 15:06

Earnings, Trading Statements Calendar - Week Ahead

7 Apr 2016 14:21

FTSE 250 movers: Kaz and Vesuvius lead midcaps lower

(ShareCast News) - By mid-afternoon on Thursday, the FTSE 250 was down 0.41%, amplifying the falls of its blue chip brother as weakening oil and copper prices undermined earlier index gains. The biggest faller in the mid cap index was Kaz Minerals as it was downgraded among a wider JP Morgan Cazenov

21 Mar 2016 09:38

BROKER RATINGS SUMMARY: Goldman Sachs Starts Ascential With Buy Rating

21 Mar 2016 08:42

LONDON MARKET OPEN: Commodity Stocks Drag Shares As Oil, Gold Weaken

10 Feb 2016 11:19

Wednesday newspaper share tips: Avoid Sophos and Tui AG

(ShareCast News) - Sophos Group was under the microscope in The Telegraph's Questor on Wednesday. The cloud-enabled security provider reported a strong third quarter on Tuesday, with growth continuing through a major acquisition in the three months to 31 December 2015, though a strong dollar deplete

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