Core Insights - Corero Network Security has entered a multi-year agreement with Rocket Fibre to enhance network defenses and provide real-time DDoS protection for its customers [1][2] - Rocket Fibre will utilize Corero's SmartWall ONE™ solution, which integrates with existing Juniper MX routers to detect and mitigate DDoS attacks without additional hardware [2][3] - The partnership aims to improve service availability and security for Rocket Fibre's customers amid increasing cyber threats [2][4] Company Overview - Corero Network Security specializes in DDoS protection solutions, offering automatic detection and protection with network visibility, analytics, and reporting tools [5] - The company is headquartered in London and operates centers in Marlborough, Massachusetts, and Edinburgh, UK, listed on the London Stock Exchange's AIM market and the US OTCQX Market [5] - Rocket Fibre is a rapidly growing broadband provider focused on high-speed fibre connectivity for residential, SME, and wholesale customers, emphasizing customer service and network resilience [6] Strategic Implications - The partnership allows Rocket Fibre to offer differentiated service tiers to its SME customers, powered by real-time threat response and analytics [3][4] - Corero's solutions enable service providers to maximize existing infrastructure investments and simplify operations while enhancing DDoS protection [4] - Rocket Fibre's upcoming wholesale offering, launching in July 2025, will extend DDoS protection to all customers using its services across the UK and Europe [3]

Core Insights - Bexorg, Inc. has announced a multi-program research collaboration with Biohaven Ltd. to advance next-generation therapies for central nervous system (CNS) disorders [1] - Bexorg's whole-brain discovery platform is unique in its ability to restore metabolic and molecular activity in isolated human and pig brains, enabling high-resolution insights into neurodegeneration [2][5] - The collaboration aims to provide insights into pharmacokinetics, pharmacodynamics, and mechanisms of action for Biohaven's therapeutics, potentially identifying novel biomarkers for clinical trials [3] Company Overview - Bexorg is a techbio company focused on CNS drug discovery, utilizing a proprietary platform called BrainEx to generate clinically predictive data from postmortem human brains [5][6] - Biohaven is a biopharmaceutical company developing treatments in areas such as immunology, neuroscience, and oncology, with a diverse portfolio including therapies for epilepsy, mood disorders, and cancer [4] Technological Advancements - Bexorg's whole-brain perfusion technology allows for the extraction of detailed transcriptomic, proteomic, and metabolic data, which is essential for machine learning and AI-driven drug discovery [2][6] - The platform addresses the limitations of traditional preclinical models by providing a more accurate representation of human brain structure and function, thus enhancing CNS drug development [3]

Core Insights - LG CNS unveiled its AI-based ERP testing technology, the 'PerfecTwin ERP Edition', at SAP Sapphire 2025, enhancing its capabilities in the ERP market [1][9] - The new solution is designed for SAP ERP environments, ensuring smooth data transfers and minimizing errors through virtual testing of transactional data [2][4] - LG CNS plans to expand its services to the Asia-Pacific and Japan regions, including establishing a delivery center in India to support global ERP operations [5][9] AI Features - The latest edition's AI capabilities generate real transaction test data when actual data is insufficient and ensure privacy by removing sensitive information [3] - AI also analyzes error patterns to reduce test validation time significantly [3] Collaboration with SAP - LG CNS has strengthened its collaboration with SAP, becoming the first Korean company to join SAP's Regional Strategic Services Partner initiative for the APAC region [7] - The partnership aims to accelerate cloud ERP transformation and enhance service offerings, including application operations and security updates [4][8] Leadership Engagement - CEO Shin Gyoon Hyun participated in the SAP Sapphire panel discussion, sharing insights on cloud ERP transformation and customer success stories [6][9]

Core Insights - Cohen & Steers, Inc. reported preliminary assets under management (AUM) of $87.5 billion as of April 30, 2025, reflecting a decrease of $70 million from $87.6 billion at March 31, 2025 [1][2]. AUM Breakdown - The decrease in AUM was attributed to distributions totaling $151 million and market depreciation of $60 million, which were partially offset by net inflows of $141 million [1][2]. - AUM by investment vehicle as of April 30, 2025: - Institutional Accounts: Total AUM of $34.028 billion, with net inflows of $35 million and market depreciation of $164 million [2]. - Open-end Funds: Total AUM of $42.210 billion, with net inflows of $105 million and market depreciation of $150 million [2]. - Closed-end Funds: Total AUM of $11.271 billion, with net inflows of $1 million and market depreciation of $74 million [2]. Company Overview - Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, and commodities [2]. - The firm was founded in 1986 and is headquartered in New York City, with additional offices in London, Dublin, Hong Kong, Tokyo, and Singapore [2].

Core Insights - Corero Network Security released its 2025 Threat Intelligence Report, highlighting the evolution of DDoS attacks in 2024 and the increasing complexity for defenders [1][6] DDoS Attack Trends - Attackers are shifting from large, disruptive floods to more frequent, evasive, and coordinated attacks, complicating defense strategies [2][3] - The average number of attacks experienced by Corero customers reached 11 per day in 2024, marking a 5% year-over-year increase [3] - Attacks in the 1–5Gbps range have declined from 19.4% in 2019 to 12.4% in 2024, indicating a strategic shift towards either stealthy sub-1Gbps probes or large-scale floods [3][4] Attack Tactics - A growing trend of multi-vector attacks has been observed, where attackers rotate between protocols every 30–60 seconds, forcing defenders to constantly adapt [4] Defense Challenges - Over 50% of surveyed defenders reported difficulties in team coordination, while 68% struggled to demonstrate the ROI of DDoS protection to leadership [5] - Smaller DDoS attacks are increasingly seen as precursors to more significant incidents, necessitating integrated and automated responses [6] Company Overview - Corero Network Security specializes in DDoS protection solutions, offering automatic detection and protection with network visibility and analytics [7]

Assets Under Management - Assets under management increased by 7.8% to $87.6 billion as of March 31, 2025, up from $81.2 billion a year earlier[71]. - Open-end funds saw a 12.2% increase in assets under management, reaching $42.3 billion, with net inflows of $585 million during the first quarter of 2025[72]. - Institutional accounts' assets under management rose by 4.5% to $33.9 billion, compared to $32.4 billion at the same time last year[74]. - Closed-end funds experienced a 2.4% increase in assets under management, totaling $11.4 billion, with market appreciation contributing $1.0 billion[74]. - Assets under management at the beginning of the period were $40.96 billion, with inflows of $3.51 billion[76]. - Total assets under management at the end of the period increased to $42.29 billion, up from $37.68 billion[76]. - Average assets under management rose to $41.80 billion, compared to $36.92 billion in the previous period[76]. - Institutional accounts assets under management at the beginning of the period were $33.56 billion, with inflows of $1.10 billion[76]. - Net inflows for the period were $3.66 billion, compared to $2.54 billion in the previous period[76]. - Market appreciation for the period was $8.53 billion, contributing to the overall asset growth[76]. - Closed-end funds assets under management at the beginning of the period were $11.28 billion, with inflows of $3.34 billion[76]. - Total assets under management for closed-end funds at the end of the period were $11.39 billion, up from $11.12 billion[76]. - Average assets under management for closed-end funds increased to $11.35 billion, compared to $10.96 billion[76]. - The company reported a total increase in assets under management of $3.95 billion, reflecting strong market performance and inflows[76]. - Assets under management increased to $87,579 million at the end of the period, up from $81,235 million in the previous year, representing a growth of 7.9%[80]. Revenue and Income - Revenue for the three months ended March 31, 2025, was $134,467 thousand, a 9.6% increase from $122,710 thousand in the same period of 2024[81]. - Net income attributable to common stockholders rose to $39,778 thousand, reflecting a 17.5% increase compared to $34,004 thousand in the prior year[81]. - Operating margin improved to 33.6% for the three months ended March 31, 2025, compared to 32.8% for the same period in 2024[89]. - Total investment advisory and administration revenue from open-end funds increased by 14.6% to $69,658 thousand, up from $60,787 thousand year-over-year[82]. - Average assets under management for the period were $86,778 million, compared to $80,175 million in the previous year, indicating a growth of 8.2%[80]. - Adjusted operating income for Q1 2025 was $46,446,000, compared to $43,692,000 in Q1 2024, reflecting a 6.4% increase[98]. - Net income attributable to common stockholders for Q1 2025 was $39,778,000, an increase of 17.5% from $34,004,000 in Q1 2024[94]. - Revenue for Q1 2025 was $134,467,000, up 9.3% from $122,710,000 in Q1 2024[98]. - Diluted earnings per share (EPS) for Q1 2025 was $0.77, up from $0.68 in Q1 2024, representing a 13.2% increase[94]. Distributions and Cash Flow - The company reported distributions of $282 million, with $239 million reinvested and included in net flows[75]. - Total distributions decreased to $1.76 billion from $1.90 billion, indicating a reduction in payouts[2]. - Total distributions for the period were $164 million, with an increase (decrease) of $12 million[77]. - Cash and cash equivalents decreased by $117,490,000 in Q1 2025, ending the period at $66,143,000[112]. - Net liquid assets as of March 31, 2025, totaled $318,418,000, a decrease from $331,481,000 as of December 31, 2024[104]. Market Conditions and Strategy - Market volatility and interest rate fluctuations have influenced investor sentiment and asset flows, prompting the company to focus on disciplined risk management[67]. - The company emphasizes a disciplined cost control approach to navigate the current macroeconomic environment[67]. - The company operates through two major distribution channels: wealth and institutional, targeting various client types including sovereign wealth funds and corporate plans[65]. - The company launched its first active exchange traded funds (ETFs) in February 2025, including strategies for U.S. real estate securities, preferred securities, and natural resource equities[64]. Tax and Expenses - Employee compensation and benefits expenses increased by 4.9% to $54,554 thousand, up from $52,003 thousand in the prior year[87]. - The effective income tax rate decreased to 19.5% from 24.3% in the previous year, reflecting a reduction in the overall tax burden[92]. - Non-operating income for Q1 2025 was $7,752,000, compared to $5,037,000 in Q1 2024, indicating a 53.9% increase[100]. Investment Commitments - The company has committed to invest up to $175,000,000 in certain investment vehicles, with $66,300,000 remaining unfunded as of March 31, 2025[111]. - The company declared a quarterly dividend of $0.62 per share on May 1, 2025, payable on May 22, 2025[116].

Core Insights - Serina Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing its proprietary POZ Platform™ for drug optimization [2] - The company is set to present at the JonesResearch Hosts: Virtual CNS Day on April 29, 2025, at 12:00 p.m. EDT [1] Company Overview - Serina Therapeutics is headquartered in Huntsville, Alabama, on the campus of the HudsonAlpha Institute of Biotechnology [2] - The company is developing a pipeline of wholly owned drug product candidates aimed at treating neurological diseases and other indications [2] - The POZ Platform™ has the potential to enhance the efficacy and safety profiles of various therapeutic modalities, including small molecules, RNA-based therapeutics, and antibody-drug conjugates (ADCs) [2]

Financial Data and Key Metrics Changes - The company reported earnings of $0.75 per share, a decrease from $0.78 sequentially [6] - Revenue for Q1 decreased to $133.8 million from the prior quarter, primarily due to lower average AUM and a lower day count [6][7] - The effective fee rate improved slightly to 59 basis points, up from the prior quarter [8] - Operating margin was 34.7%, down from 35.5% in the prior quarter [8] - Ending AUM increased to $87.6 billion from $85.8 billion at the prior quarter end, driven by net inflows and market appreciation [9][10] - Total expenses decreased, mainly due to a reduction in compensation and benefits, resulting in a compensation ratio of 40.5% [10][11] - Liquidity at the end of Q1 totaled $295 million, a decrease from the prior period [11] Business Line Data and Key Metrics Changes - The company experienced net inflows of $222 million firm-wide, with open-end funds leading at $585 million [35][36] - Institutional advisory saw net outflows of $108 million, attributed to new mandates and account terminations [39] - The unfunded pipeline ended at $61 million, significantly lower than the previous quarter [39] Market Data and Key Metrics Changes - U.S. equities declined 4.3% in Q1, while developed market ex-U.S. equities rose 5.4% [16] - U.S. REITs gained 2.8%, and global listed infrastructure rose 4.8%, outperforming corresponding broad equity indices [16] - The company noted a rotation into defensive assets, including utilities and gold, amid macroeconomic concerns [17] Company Strategy and Development Direction - The company remains focused on growth despite market volatility and potential recession risks [32] - There is a growing case for real assets due to persistent inflation, with a focus on enhancing market position through strategic initiatives [35][48] - The company plans to launch additional active ETFs and explore partnerships for new investment vehicles [41][90] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about a potential recession due to recent tariff announcements and their impact on economic growth [21][32] - The company anticipates a slowdown in economic growth and higher inflation, which may affect investment strategies [21][65] - Management emphasized the importance of liquidity and the opportunity costs associated with illiquidity in the current market environment [27][30] Other Important Information - The company launched its first three active ETFs in February, targeting real estate, preferreds, and natural resource equities [41] - The company is seeing increased interest in real assets from retirement segments and model builders [50] - The company is committed to investing in distribution capabilities, particularly in the wealth channel [52] Q&A Session Summary Question: What is the current state of the Wealth Manager channel? - Management noted that the market has been volatile, leading to uncertainty and a less robust flow environment, but there is interest in U.S. REITs and listed infrastructure [57][58] Question: What are the second-order impacts from tariffs? - Management indicated that the indirect effects would include slower economic growth and higher inflation, with infrastructure being a stagflationary strategy [65][66] Question: How is the company responding to potential recession risks? - Management stated that they are not making rash short-term changes but are focused on strategic hires and maintaining strong client interactions [68][70] Question: What is the outlook for the unfunded pipeline? - Management expressed confidence in the future, noting that while the current pipeline is low, there are good levels of activity and new allocations expected [84][86] Question: What are the company's acquisition strategies? - Management is open to exploring acquisitions or partnerships, particularly in light of changing dynamics in the wealth channel [90][92]

Financial Data and Key Metrics Changes - The company reported earnings of $0.75 per share, a decrease from $0.78 sequentially [6] - Revenue for Q1 decreased to $133.8 million from the prior quarter, primarily due to lower average AUM and lower day count [6][7] - The effective fee rate improved slightly to 59 basis points, up from the prior quarter [8] - Operating margin was 34.7%, down from 35.5% in the prior quarter [8] - Ending AUM increased to $87.6 billion from $85.8 billion at the prior quarter end, driven by net inflows and market appreciation [9][10] - Total expenses decreased, mainly due to a reduction in compensation and benefits, resulting in a compensation ratio of 40.5% [10][11] - Liquidity at the end of Q1 totaled $295 million, a decrease from the prior period [11] Business Line Data and Key Metrics Changes - The company experienced net inflows of $222 million firm-wide, with open-end funds leading at $585 million [35][36] - Institutional advisory saw net outflows of $108 million, attributed to new mandates and account terminations [39] - The unfunded pipeline ended at $61 million, significantly lower than the previous quarter [39] Market Data and Key Metrics Changes - U.S. equities declined 4.3% in Q1, while developed market ex-U.S. equities rose 5.4% [16] - U.S. REITs gained 2.8%, and global listed infrastructure rose 4.8%, outperforming corresponding broad equity indices [16] - The company noted a rotation into defensive assets, including utilities and gold, amid macroeconomic concerns [17] Company Strategy and Development Direction - The company remains focused on growth despite market volatility and potential recession risks [32] - There is a growing case for real assets due to persistent inflation, with a focus on enhancing market position through strategic initiatives [35][36] - The company plans to launch additional active ETFs and expand its real estate franchise [41][48] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about a potential recession due to recent tariff announcements and their impact on economic growth [21][32] - The company anticipates a slowdown in economic growth, with inflation remaining above the Fed's long-term target [21][22] - Management emphasized the importance of liquidity and the opportunity costs associated with illiquidity in the current market environment [27][30] Other Important Information - The company launched its first three active ETFs in February, targeting real estate, preferreds, and natural resource equities [41] - The company is seeing increased interest in real assets from retirement segments and model builders [50] - The company is committed to enhancing its distribution capabilities, particularly in the wealth channel [52] Q&A Session Summary Question: What is the current state of the Wealth Manager channel? - Management noted that the market has been volatile, leading to uncertainty and a less robust flow environment, but there is interest in U.S. REITs and listed infrastructure [57][58] Question: What are the second-order impacts of tariffs? - Management indicated that the indirect effects would include slower economic growth and higher inflation, with infrastructure being a stagflationary strategy [65][66] Question: How is the company responding to potential recession risks? - Management stated that they are not making rash short-term changes but are focused on strategic hires and maintaining a strong balance sheet [68][70] Question: What is the outlook for the unfunded pipeline? - Management expressed confidence in the future, noting that the current low level is not expected to persist and that there are new allocations both in the U.S. and internationally [86][87] Question: What types of acquisitions is the company considering? - Management mentioned that they are open to partnerships and acquisitions that align with their strategic goals, particularly in the wealth channel [90][92]

LONDON, April 17, 2025 /PRNewswire/ -- Today, Corero Network Security (AIM: CNS) (OTCQX: DDOSF), the distributed denial of service (DDoS) protection specialists, announced a new partnership with Advania Iceland, part of Advania Group, one of Northern Europe's leading IT services providers. Under a three-year agreement, Corero will enhance the resilience of Advania's Icelandic infrastructure by delivering advanced DDoS mitigation capabilities. The deployment will ensure continuous service availability for Ad ...