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EXPANDED CLASS PERIOD: Contact Berger Montague About a Coupang, Inc. (CPNG) Class Action Lawsuit
TMX Newsfile· 2026-01-08 16:51
Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for allegedly making false statements regarding its cybersecurity and regulatory compliance during the specified Class Period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Coupang securities from May 7, 2025, to December 16, 2025 [1][2]. - Investors have until February 17, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Allegations - The complaint claims that Coupang had inadequate cybersecurity measures, exposing it to a higher risk of data breaches, which could lead to regulatory scrutiny [3]. - Revelations starting in November 2025 indicated that a former employee accessed sensitive customer information for nearly six months undetected, leading to significant declines in Coupang's stock price [4].
N-able Appoints Patrick Pulvermueller to Board of Directors
Businesswire· 2026-01-08 11:00
Core Insights - N-able has appointed Patrick Pulvermueller to its board of directors, enhancing its leadership team as it aims to empower organizations in maintaining security and resilience in business [1][3]. Company Overview - N-able is a global software company focused on delivering an end-to-end cyber resilience platform to protect businesses against evolving cyber threats [5]. - The company emphasizes a partner-first approach, combining its products with expert training and peer-led events to ensure customer success [5]. Leadership Experience - Patrick Pulvermueller brings extensive experience in technology leadership and cybersecurity, having previously served as CEO of Acronis and held executive roles at GoDaddy [2]. - He is the founder and managing director of Redsalt GmbH, further showcasing his expertise in the cybersecurity landscape [2]. Strategic Focus - Pulvermueller's appointment is seen as a strategic move to enhance N-able's focus on security-driven innovation and customer support, which are critical for business resilience in a digital-first world [3][4]. - The company aims to leverage Pulvermueller's insights to accelerate innovation and deliver solutions that protect organizations throughout the entire threat lifecycle [4].
Saxena White P.A. Files Securities Fraud Class Action Against Coupang, Inc., Certain of Its Executives, and Coupang Corp., Expanding the Class Period and Allegations Asserted in Related Action
Globenewswire· 2026-01-07 17:46
Core Viewpoint - A securities fraud class action lawsuit has been filed against Coupang, Inc. and certain executive officers, alleging misleading statements and failure to disclose material adverse facts regarding the company's cybersecurity practices and the resulting risks to customer data [1][6]. Group 1: Lawsuit Details - The class action lawsuit was filed in the United States District Court for the Western District of Washington, expanding the class period to include all investors who purchased Coupang common stock from May 7, 2025, to December 16, 2025 [1][2]. - The lawsuit is titled Hakrae Lee, et al. v. Coupang, Inc., et al., and asserts claims under the Securities Exchange Act of 1934 [1]. Group 2: Company Overview - Coupang, based in Seattle, Washington, operates as a technology and commerce company, primarily through two segments: Product Commerce and Developing Offerings [4]. - The Product Commerce segment accounted for 88% of Coupang's total revenue in 2024, mainly through its South Korea-based subsidiary [4]. Group 3: Cybersecurity Concerns - The class action alleges that Coupang failed to maintain adequate cybersecurity measures, leading to significant risks of data breaches and unauthorized access to sensitive customer information [6]. - It was revealed that a security breach had already occurred in June 2025, which was not disclosed to investors [6]. Group 4: Impact of the Breach - On November 29, 2025, Coupang disclosed a cybersecurity incident affecting approximately 33.7 million customer accounts, resulting in a stock price drop of about 5.36% [7]. - Following the resignation of CEO Park Dae-joon on December 10, 2025, due to the data leak, Coupang's stock fell by approximately 3.2% [8]. - The full extent of the breach was acknowledged on December 16, 2025, leading to a further decline in stock price by about 2% [9].
Cybersecurity Stocks: More Acquisitions Expected In 2026 Amid AI Boom
Investors· 2026-01-07 12:46
stocks they discuss. We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Information is subject to change without notice. For information on use of our services, please see our Terms of Use. *Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet. IBD, IBD Digital, IBD Live, IBD We ...
Radware Schedules Conference Call for Its Fourth Quarter and Full Year 2025 Earnings
Globenewswire· 2026-01-07 11:01
Core Viewpoint - Radware, a leader in application security and delivery solutions for multi-cloud environments, is set to announce its fourth quarter and full year 2025 financial results on February 11, 2026 [1]. Financial Results Announcement - The financial results will be discussed in a conference call hosted by Radware management on February 11, 2026, at 8:30 a.m. EST [2]. - Investors can register for the call through a provided link [2]. Replay Availability - A replay of the conference call will be accessible approximately 24 hours after the live event on Radware's investor relations website [3]. Company Overview - Radware specializes in application security and delivery solutions, utilizing AI-driven algorithms for real-time protection against sophisticated cyber threats [4]. - The company's solutions are designed to help enterprises and carriers address evolving cybersecurity challenges while reducing operational costs [4].
Silicon Labs Appoints Ian N. Dawson as Chief Information Security Officer to Lead Enterprise Security Strategy
Prnewswire· 2026-01-06 22:35
Core Insights - Silicon Labs has appointed Ian N. Dawson as Chief Information Security Officer (CISO) to enhance its global cybersecurity strategy and governance [1][2] - Dawson brings over 20 years of experience in information technology and cybersecurity, having held senior roles at Lumen Technologies and The Charles Schwab Corporation [2] - The company aims to strengthen cyber resiliency, protect intellectual property, and implement security-by-design practices across its products [1][3] Company Overview - Silicon Labs is a leader in low-power wireless connectivity, providing embedded technology that connects devices and enhances lives [4] - The company operates in over 16 countries and focuses on smart home, industrial IoT, and smart cities markets [4] - Silicon Labs integrates advanced technology into highly integrated System on Chips (SoCs) to support device makers [4]
CrowdStrike Vs Fortinet: I Think You Are Missing The Best Deal In Cyber
Seeking Alpha· 2026-01-06 14:59
Group 1 - The cybersecurity sector is viewed as highly attractive for long-term investment, with potential for even greater appeal in the next decade [1] Group 2 - The article is intended for a wide audience, from beginners to advanced readers, focusing on clear and reasoned analysis of stocks [2] Group 3 - The author has a beneficial long position in OKTA shares, indicating a personal investment interest in the company [3]
Fortinet to Announce Fourth Quarter and Full Year 2025 Financial Results
Globenewswire· 2026-01-05 14:00
Core Insights - Fortinet will hold a conference call on February 5, 2026, to discuss its fourth quarter and full year 2025 financial results [1] - The conference call will be available in listen-only mode on Fortinet's investor relations website [2] Company Overview - Fortinet is a leader in cybersecurity, focusing on the convergence of networking and security, with a mission to secure people, devices, and data globally [3] - The company offers an extensive portfolio of over 50 enterprise-grade cybersecurity products, trusted by over half a million customers [3] - Fortinet's training institute is one of the largest in the industry, aimed at providing cybersecurity training and career opportunities [3] - Collaboration with public and private sector organizations is a key aspect of Fortinet's commitment to enhancing global cyber resilience [3] - FortiGuard Labs utilizes advanced machine learning and AI technologies to deliver top-rated protection and actionable threat intelligence [3]
Why CrowdStrike CEO just spent a reported $300 million to become a partial owner of the Mercedes F1 team
Yahoo Finance· 2026-01-05 13:52
Company Overview - CrowdStrike's founder and CEO George Kurtz has recently acquired a minority interest in the Mercedes F1 team for $300 million, highlighting the intersection of his public company experience, tech background, and passion for racing [1][2][3] Financial Performance - CrowdStrike reported a solid third quarter with sales increasing by 22% year-over-year to $1.23 billion and annual recurring revenue (ARR) rising by 23% to $4.92 billion [4] - The company achieved a record non-GAAP operating income of $264.6 million [4] - For the upcoming quarter, CrowdStrike anticipates sales between $1.29 billion and $1.3 billion, with earnings projected at $1.09 to $1.11 [4] Market Outlook - The demand for cybersecurity solutions is expected to grow, particularly with the rise of AI agents, as Kurtz emphasized the necessity of using AI to combat AI threats [5] - CrowdStrike's shares have appreciated by 24% over the past year, outperforming the Nasdaq Composite's 17% increase [5] - Analysts, including Stifel's Adam Borg, project that CrowdStrike will maintain high-teens top-line growth and improving profitability in the coming years, recommending the stock as a buy [5]
Reliance Global Group Authorizes the Formation of EZRA International Group, a New Division Focused on Accelerating Breakthrough Technology Companies
Globenewswire· 2026-01-05 13:30
Core Insights - Reliance Global Group, Inc. has announced the formation of EZRA International Group, a new division aimed at acquiring controlling stakes in high-tech Israeli companies, focusing on sectors such as Cybersecurity, AI & Data Analytics, FinTech & InsurTech, and MedTech & Digital Health [1][2] - The strategy is designed to leverage the company's public listing and anticipated cash flow to provide shareholders with exposure to innovative, high-growth technologies, potentially unlocking significant value [2][3] Company Strategy - EZRA International Group will focus on acquiring significant ownership stakes to influence strategy, governance, capital formation, and execution, positioning the company for long-term growth and value creation [2] - The company aims to benefit from its ties and expertise within the Israeli innovation ecosystem, which is characterized by technical talent, entrepreneurial culture, and capital efficiency [3] Business Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing AI and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry [4] - The company's platform, RELI Exchange, offers independent insurance agencies a suite of business development tools, while its consumer platform, 5minuteinsure.com, provides quick online insurance quotes [4]