hapabapa Rubrik (NYSE:RBRK) is the first major software IPO of the year and came public to great success, with the stock trading 15% higher at the close. I analyze the financial results and discuss the confusing difference between revenue and ARR growth. The company is not yet profitable, but I expect solid margins over the…
FinkAvenue On Thursday March 13rd, Microsoft Corporation (NASDAQ:MSFT) announced that its Copilot for Security tool will become widely available to customers starting April 1, featuring new enhancements. The Copilot for Security enables cybersecurity experts to leverage generative artificial intelligence for various tasks, including incident summaries, vulnerability assessments, and data sharing. In that context, Microsoft highlighted…
n.bataev Introduction and investment thesis CrowdStrike (NASDAQ:CRWD) has been enjoying a dominant position in the IT security space for many years and seems to cement this position recently. The company’s one-stop-shop Falcon platform resonates well with customers, which combined with its emerging product line forms a unique sales proposition. Last time I’ve covered the company…
da-kuk After having recouped most of its losses since its August 2023 drop of nearly 20%, Fortinet, Inc. (NASDAQ:FTNT) seems to be at a crossroads. Its share price has been hovering between the $71 and $73 range for some time now with both Wall Street and Quant having Hold ratings as the stock trades at…
da-kuk Palo Alto Networks (PANW) plunged post-earnings last week. The once high-flying cybersecurity stock fell from near $380 to about $260 peak to trough in February. Shares have since bounced as investors re-assessed the situation. Such major corrective moves are not uncommon following meteoric rises in key investment themes in volatile niches. For many investors,…
Sundry Photography Overview The Endpoint Security segment of the Cybersecurity sector is focused on providing security around several diverse entry points into companies’ data infrastructure. Work from home and other remote locations exploded during the pandemic and created a strong need to protect cyber-attacks from personal computers and mobile phones connecting into companies’ on premise…
Just_Super By Christopher Gannatti, CFA Investing is funny. If an investor posed the question, what was the best-performing exchange-traded Fund at WisdomTree during 2023, the answer would be the WisdomTree Cybersecurity Fund (WCBR), which returned 66.40% in NAV total return terms.1 Current performance is historical and does not guarantee future results. Current performance may be…
Paolo Ardoino explained that the attacker anticipated Bitfinex’s system would be improperly configured to process partial payments. In a recent turn of events, Bitfinex, a prominent crypto exchange, successfully thwarted a sophisticated cyber attack involving an attempted transaction of nearly $15 billion worth of Ripple’s XRP. In a post on X, formerly Twitter, Whale Alert,…
SweetBunFactory After a slight pullback in equities from December highs, the markets appear to be on the cusp of reversing higher. Two sectors are leading this recovery – semiconductors and cybersecurity. These two sectors led the equity markets higher in October, helping to put in a bottom for the indices S&P 500 (SPY) and Nasdaq…
Suriya Phosri/iStock via Getty Images Thesis Tenable’s (NASDAQ:TENB) strategic positioning in the cybersecurity market, underscored by its prowess in vulnerability assessment and expanding capabilities in AI and cloud security, sets it up for potential growth. However, its financial performance, characterized by steady revenue growth but persistent profitability challenges, presents a nuanced picture of its future…
valentinrussanov Cybersecurity stocks have performed well in 2023, rising about +26.5% YTD, with the security backdrop boosted by an increase in data breaches and ransomware. Quarterly spending has increased approximately +12.7% YoY to ~$37.6 billion through the first half of the year, although commentary from sector leaders Fortinet (FTNT) and Palo Alto (PANW) raised some…
The recent incident is not the first security issue Okta has encountered. In the past, there have been several incidents involving Okta or its products. Okta Inc (NASDAQ: OKTA), a major provider of cybersecurity solutions for corporate enterprises, businesses, and government organizations, is currently grappling with the aftermath of a severe security breach that has…
This is Cisco’s largest acquisition till date as the company plans to amp up its cybersecurity division to boost the company’s revenue. In a major announcement on Thursday, September 21, America’s digital communications and technology giant Cisco announced the acquisition of cybersecurity firm Splunk for a staggering $28 billion. The $1578 per share cash deal…
FTX highlighted the pressing concern of potential fraudulent activities and scams and advised users to exercise heightened caution against any emails or communications that may impersonate parties involved in the bankruptcy proceedings. In an alarming development, the defunct crypto exchange FTX has fallen victim to a cybersecurity breach amidst the company’s ongoing bankruptcy case. FTX…
pixdeluxe SentinelOne (NYSE:S) has not performed according to expectations. This is a name which has traded at a sizable discount to cybersecurity peers but continues to underperform anyway after experiencing execution hiccups. The disappointment on top-line growth is expected to push out the cash flow breakeven timeline beyond this fiscal year, but the company still…