NCC Group buys Boston-based Virtual Security Research
11th Nov 2016 12:08
(ShareCast News) - NCC Group has acquired Boston-based information, network and application security consultancy Virtual Security Research for up to $6m in cash. Cyber security and risk mitigation company NCC said the amount comprises an initial payment of $4m and two further annual payments of up t
Read moreFTSE 250 movers: Petra Diamonds sparkles, while profit-taking continues in Hunting
24th Oct 2016 13:55
(ShareCast News) - Shares in Petra Diamonds shined bright at the start of the week as the outfit reported what one analyst described as first quarter results which were "very much in-line" with expectations. Significantly, the company said it was still on track to turn cash-flow positive in the firs
Read moreBroker tips: Informa, Associated British Foods, NCC Group
21st Oct 2016 17:06
(ShareCast News) - Informa got a boost on Friday as Berenberg upgraded the stock to 'buy' from 'hold' and lifted the price target to 800p from 740p. It said the company's strategy of portfolio improvement has delivered greater progress than investors give it credit for. Recent acquisitions in Exhibi
Read moreCanaccord downgrades NCC Group to 'sell'
21st Oct 2016 09:30
(ShareCast News) - Canaccord Genuity cut its rating on NCC Group to 'sell' from 'hold on Friday and lowered its target price to 194p from 297p after the cyber security company warned that profit growth will be hit by "a number of setbacks". In a trading update for first four months to 30 September o
Read moreNCC nosedives after warning of major contract cancellations
20th Oct 2016 07:55
(ShareCast News) - NCC Group warned that profits growth will be hit by "a number of setbacks" in its core IT assurance division that included the cancellation of three large contracts, the deferral of another and delays with renewals of some contracts in managed services. The FTSE 250-listed cyber s
Read moreNCC Group CFO Atul Patel resigns
10th Aug 2016 08:44
(ShareCast News) - NCC Group said its chief financial officer Atul Patel has resigned from the board with immediate effect and will leave the group in February next year, possibly before if his successor is appointed. The company, which provides cyber security and risk management services, said the
Read moreCyber security firm NCC raises concerns about Brexit as FY revenues rise
7th Jul 2016 08:34
(ShareCast News) - Cyber security and risk mitigation consultant NCC's full year revenues grew as they joined the FTSE 250 index but it also raised concerns about cyber security in light of Brexit. Revenue increased by 56% to £209.1m for the year ending 31 May, as organic growth grew 19%. Adjusted p
Read moreTuesday broker round-up
7th Jun 2016 16:27
(ShareCast News) - Countrywide: Jefferies reiterates buy with a target price of 600p. Coca-Cola Hbc: Credit Suisse keeps at neutral with a 1500p target. Weir Group: Canaccord upgrades to hold with a target price of 1200p. Johnson Matthey: Berenberg Bank keeps at neutral with a target of 2880p. Sa
Read moreNCC organic growth boost revenues by 60%
28th Apr 2016 08:53
(ShareCast News) - Cyber security group NCC said revenues for the 10 months to end March soared 60% to £166m, adding that it was on track to meet full year expectations. Organic growth was 21% against 14% in 2015. Net debt was almost halved to £18.5m after NCC's £126.3m fundraising, which partially
Read moreNCC interims profits rise but CEO attacks lax corporate cyber security
21st Jan 2016 11:33
(ShareCast News) - Cyber security firm NCC Group said half year operating profits rose to 26% to £15.7m, boosted by a 50% leap in revenue to £93.5m. The company it expects to meet market expectations for its full year results. Group chief executive Rob Cotton took aim at company directors for faili
Read moreNCC Group agrees £55m Accumuli acquisition
24th Mar 2015 16:15
Online security consultant NCC Group has agreed the acquisition of AIM-listed rival Accumuli Group for £55m. Fully listed information assurance services provider NCC has agreed a takeover of Accumuli whereby each Accumuli shareholder will receive 0.1218 new NCC shares and 5.97p cash per share. This
Read moreNCC's first-half revenues up thanks to "stand-out performance" in US
22nd Jan 2015 14:49
Information assurance start-up firm NCC Group said its half-year revenues jumped thanks to a strong performance in its assurance and Escrow divisions. Revenues were up 15% to £62.3m on the back of decent growth in the US where turnover grew 41% on a constant currency basis. However, profits before
Read moreNCC acquires Belgium-based ORG for just under £15m
20th Jan 2015 16:10
Manchester-based online security and assurance group NCC Group has acquired Open Registry Group (ORG) for up to £14.9m. The Belgium and Luxembourg-based firm, an independent group of domain service firms providing backend registry operations to brand customers, has "many complimentary European blue
Read moreMonday broker round-up UPDATE
29th Sep 2014 09:22
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 430p and stays with its hold recommendation. Numis upgrades from hold to add with a target price of 455p. Balfour Beatty: Westhouse Securities places its target price under review keeping a sell recommendation. Circle Holdi
Read moreNCC acquires security testing services provider
2nd May 2014 16:25
NCC, which provides escrow, assurance and domain services, has acquired Danish-based FortConsult, an independent security testing services provider. The exact purchase price, which is being made for a maximum consideration of £4m in cash, with an initial £2m and up to a further £2m over the next 2
Read more