Cybersecurity firm Darktrace is enjoying rapid growth, but the competition could prove too much

Darktrace, an AI-driven cybersecurity firm, is growing fast and beating its own earnings projections. But is it an undervalued growth stock or a disaster waiting to happen? Rupert Hargreaves investigates.

Darktrace logo
(Image credit: © Omar Marques/SOPA Images/LightRocket via Getty Images)

As technology continues to play an increasingly important role in our lives, the need to protect vital systems from bad actors is only growing. The global cybersecurity market is expected to expand at a compound annual growth rate (CAGR) of 12% over the next six years to be worth $366bn by 2028.

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Rupert Hargreaves
Contributor and former deputy digital editor of MoneyWeek

Rupert is the former deputy digital editor of MoneyWeek. He's an active investor and has always been fascinated by the world of business and investing. His style has been heavily influenced by US investors Warren Buffett and Philip Carret. He is always looking for high-quality growth opportunities trading at a reasonable price, preferring cash generative businesses with strong balance sheets over blue-sky growth stocks.

Rupert has written for many UK and international publications including the Motley Fool, Gurufocus and ValueWalk, aimed at a range of readers; from the first timers to experienced high-net-worth individuals. Rupert has also founded and managed several businesses, including the New York-based hedge fund newsletter, Hidden Value Stocks. He has written over 20 ebooks and appeared as an expert commentator on the BBC World Service.