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Cyber Hit Fades, But Challenges Remain For United Natural Foods: Analyst
Yahoo Finance· 2025-10-01 19:45
Core Insights - United Natural Foods, Inc. demonstrated resilience with a stronger-than-expected fourth-quarter performance despite a disruptive cybersecurity incident [1][4] - The company reported revenue of $7.70 billion, slightly above BTIG's estimate of $7.61 billion, reflecting a 3.0% volume decline and 2.0% inflation [4] - The cybersecurity incident had an estimated $400 million impact on sales and $50 million on adjusted EBITDA, but the disruption was largely resolved by late July [5] Financial Projections - For fiscal 2026, United Natural Foods projects roughly flat sales compared to fiscal year 2025, with adjusted EBITDA forecasted between $630 million to $700 million, indicating about 20% growth at the midpoint [6] - BTIG's revised forecasts indicate revenue expectations of $31.9 billion for fiscal year 2026, slightly above the previous estimate of $31.5 billion, and an increase to $32.5 billion in fiscal year 2027 [7] - Adjusted EBITDA is projected to rise from $552 million in fiscal year 2025 to $648 million in fiscal year 2026, aligning with management's guidance [8] Analyst Commentary - BTIG analyst Peter Saleh noted that while the recent performance and targets are encouraging, structural challenges and modest profitability remain concerns [3] - The company's management expressed confidence in navigating the cyber incident and outlined a multi-year growth outlook, projecting low single-digit sales growth and low-teens adjusted EBITDA growth over the next two years [2]
Amplify ETFs Spotlights HACK, the First Cybersecurity ETF, During Cybersecurity Awareness Month
Globenewswire· 2025-10-01 16:25
CHICAGO, Oct. 01, 2025 (GLOBE NEWSWIRE) -- October is Cybersecurity Awareness Month, a global initiative to spotlight digital security. Amplify ETFs, a leading provider of breakthrough ETF solutions, is marking the occasion by spotlighting HACK, the first-to-market cybersecurity ETF, which provides investors a way to participate in the fast-growing cybersecurity sector.1 Projected at $454 billion in 2025, the global cybersecurity market is expected to hit over $1 trillion by 2031, expanding at nearly a 15% ...
Tenable: Buy The Dip In A Cybersecurity Underdog? (NASDAQ:TENB)
Seeking Alpha· 2025-10-01 15:47
Core Insights - Cybersecurity is identified as a highly attractive secular theme within the technology sector, with Tenable Holdings focusing on "exposure management" as its niche [1] - The company has transitioned from being primarily a vulnerability-scanning provider to a broader role in exposure management [1]
Comcast Business Releases 2025 Cybersecurity Threat Report: 34.6 Billion Reasons Businesses Must Get Threat Ready
Businesswire· 2025-10-01 14:00
PHILADELPHIA--(BUSINESS WIRE)--Comcast Business today released its 2025 Cybersecurity Threat Report, a comprehensive analysis of 34.6 billion cybersecurity events detected between June 1,2024 and May 31, 2025. Now in its third year, the report offers business leaders a unique perspective into the evolving threat landscape and provides actionable insights to help organizations strengthen their defenses and align cybersecurity with business risk. As cyberattacks grow in volume, velocity, and soph. ...
IQST - IQSTEL Plans $500,000 Share Dividend by Dec. 31, 2025, and Enters Cybersecurity Arena and AI-Enhanced Cybersecurity Services Through Strategic Cycurion Stock Swap Partnership
Prnewswire· 2025-10-01 12:45
Core Insights - IQSTEL Inc. has entered the cybersecurity sector through a strategic stock swap partnership with Cycurion, enhancing its portfolio of telecommunications, fintech, and AI digital services [1][3][9] - The stock swap involves IQSTEL issuing 151,058 shares and receiving 3,866,976 shares from Cycurion, with each exchange valued at $1,000,000 [2] - Both companies have committed to delivering a $500,000 dividend in shares to their shareholders by December 31, 2025 [4] Financial Performance - In July 2025, IQSTEL reported $35 million in revenue, achieving a $400 million annual run rate five months ahead of schedule [6] - The company aims for a $15 million EBITDA run rate by 2026 and a $1 billion revenue run rate by 2027 [7][10] - IQSTEL is forecasting $340 million in revenue for FY-2025, reinforcing its trajectory towards becoming a $1 billion tech-driven enterprise by 2027 [10] Strategic Goals - The partnership with Cycurion allows for the development of AI-driven cybersecurity solutions, leveraging IQSTEL's proprietary AI technologies [9] - The collaboration aims to cross-sell services, providing IQSTEL access to Cycurion's cybersecurity products while Cycurion gains access to IQSTEL's fintech and AI offerings [9] - Integrated R&D efforts are expected to accelerate product innovation, bringing next-gen cybersecurity and AI solutions to market faster [9]
Actelis Networks Receives Significant Order for Major Southern European Carrier
Globenewswire· 2025-10-01 12:40
Core Insights - Actelis Networks, Inc. has received a significant order valued at approximately $0.3 million for cybersecurity enhancements from a major telecommunications carrier in Southern Europe [1][2][3] - The order includes upgrades to the MetaAssist Element Management Software (EMS), security enhancements to embedded software, and comprehensive support services [2][3] - This order reflects the growing importance of cybersecurity standards within global telecommunications groups and the trust placed in Actelis' technology [3] Company Overview - Actelis Networks, Inc. is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in various applications, including government and telecommunications [5] - The company offers a portfolio that combines fiber-grade performance with the flexibility and cost-efficiency of hybrid networks [5] - Actelis' "Cyber Aware Networking" initiative provides AI-based cyber monitoring and protection for edge devices, enhancing overall network security [5] Product Details - The MetaAssist EMS platform provides scalable tools for secure remote monitoring, management, and provisioning of network devices [4] - It features automated configuration capabilities, robust configuration management, and comprehensive network status monitoring [4]
X @TechCrunch
TechCrunch· 2025-09-30 21:15
Known for its blazing fast internet and home to some of the world’s biggest tech giants, South Korea has also faced a string of data breaches and cybersecurity lapses that has struggled to match the pace of its digital ambitions. https://t.co/L0QXiIC7QV ...
Microsoft Unveils Agentic Security Capabilities
Bloomberg Technology· 2025-09-30 20:42
Cybersecurity Threat Landscape - Cybercrime is costing the world $92 trillion [3] - The industry is seeing 7000 botnet attacks per second [2] - Data risks and concerns about accessing confidential data are increasing [3] Microsoft's Security Initiatives - Microsoft is unveiling new AI-powered security capabilities to its Sentinel platform, offering a unified security solution [1][3] - The Secure Future Initiative represents the largest cybersecurity investment in the industry, with the equivalent of 34000 engineers [10] - Microsoft has made security its number one priority, undergoing a cultural transformation to prioritize security across all teams [11][12] Sentinel and Security Copilot - Sentinel is expanding to be the backbone of modern agent defense, unifying and simplifying security [3] - New capabilities like graphs convert trillions of signals into insights, enabling proactive attack pattern identification [4] - Security Copilot now features an agent builder, allowing users to create custom agents using natural language and publish them in the security store [4] Ecosystem and Partnerships - Organizations on average use 40+ security tools, highlighting the need for end-to-end visibility [6] - Sentinel has 350+ connectors, integrating with existing security tools to provide comprehensive protection [6][15] - Microsoft collaborates with 15000 partners globally, including Zscaler, IBM, and Cisco, to secure customers [15] AI in Cybersecurity - AI is viewed as both an aggressor and a defender in cybersecurity, necessitating its use for defense [7] - The security store enables organizations to discover and utilize available agents quickly [8] - Microsoft is training every employee, partners, and customers on AI and security through a security academy [13]
10 Stocks Wall Street is Watching Heading into October
Insider Monkey· 2025-09-30 20:36
Experts are ramping up their warnings that AI-fueled stock gains echo the dot-com bubble, as major tech firms boost spending while promising profits still far in the future. However, many analysts believe it’d be wrong to compare the AI boom with the dot-com bubble, and argue that we have yet to see the full potential of the AI technology.Gene Munster, Deepwater Asset Management managing partner, said in a recent program on CNBC that while he expects a pullback in the market, he thinks AI-related spending w ...
Dan Medici Appointed to the Boards of Hanmi Financial Corporation and Hanmi Bank
Globenewswire· 2025-09-30 20:05
Core Points - Hanmi Financial Corporation announced the appointment of Daniel J. Medici to its Board of Directors, effective October 1, 2025, increasing the total number of directors to twelve [1][2]. Group 1: Appointment Details - Daniel J. Medici brings extensive expertise in information technology, cybersecurity, and risk management, which are crucial for the success of community banks [2]. - Medici has been appointed to the Audit Committee, Risk, Compliance and Planning Committee of Hanmi, and the Loan and Credit Policy Committee of the Bank [2]. Group 2: Professional Background - Mr. Medici has over 30 years of experience in the IT field and served as a federal bank examiner for over 36 years, specializing in complex IT environments [3][8]. - He is recognized as an expert in information technology and cybersecurity, having worked with major financial institutions as a senior risk specialist [3]. Group 3: Company Overview - Hanmi Financial Corporation is headquartered in Los Angeles and owns Hanmi Bank, which operates 32 full-service branches and eight loan production offices across several states [4]. - The Bank specializes in real estate, commercial, SBA, and trade finance lending to small and middle-market businesses [4].