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Lytus Technologies Holdings PTV. Ltd. Announces 1-for-2,500 Reverse Stock Split
Globenewswire· 2025-09-25 22:09
Core Viewpoint - Lytus Technologies Holdings PTV. Ltd. plans to implement a reverse stock split at a ratio of 1-for-2,500 to increase the market price of its common shares and meet NYSE American listing requirements [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on September 26, 2025, and trading will commence on a split-adjusted basis under the existing symbol "LYTHF" [2]. - No fractional shares will be issued; any resulting fractional shares will be rounded up to the next whole number [4]. Group 2: Company Background - Lytus Technologies is a platform services company primarily operating in India, focusing on linear content streaming, telemedicine, and fintech [5]. - The company aims to consolidate its subscriber base for future technology services while enhancing its technology platform for improved service delivery [5].
Lytus Technologies Holdings PTV. Ltd. Announces 1-for-2,500 Reverse Stock Split
Globenewswire· 2025-09-25 22:09
Core Viewpoint - Lytus Technologies Holdings PTV. Ltd. plans to implement a reverse stock split at a ratio of 1-for-2,500 to increase the market price of its common shares and meet NYSE American listing requirements [1][3]. Company Announcement - The reverse stock split will take effect on September 26, 2025, and trading will commence on a split-adjusted basis under the existing symbol "LYTHF" [2]. - The new CUSIP number for the common shares post-split will be G5851A141 [2]. Purpose of the Reverse Stock Split - The primary goal of the reverse stock split is to enhance the market price of the shares, which is essential for the company to pursue uplisting to a national securities exchange [3]. Shareholder Information - VStock Transfer LLC will act as the transfer agent and will provide instructions to shareholders regarding the exchange of shares [3]. - Shareholders holding shares in book-entry form or brokerage accounts will not need to take any action for the exchange [3]. Fractional Shares - No fractional common shares will be issued; any resulting fractional shares will be rounded up to the next whole number [4]. Company Overview - Lytus Technologies Holdings PTV. Ltd. operates primarily in India, focusing on platform services, including linear content streaming and technology product development in telemedicine and fintech [5]. - The company aims to consolidate its subscriber base for future technology services while enhancing its technology platform for improved service delivery [5]. - Lytus is involved in various sectors, including digital streaming, HealthTech, fintech, AI, and cybersecurity, and operates in both domestic and international markets [5].
Cisco ‘Strongly Recommends' Software Update to Address High-Risk Vulnerability
PYMNTS.com· 2025-09-25 17:53
Cisco released software updates Wednesday (Sept. 24) that address a vulnerability that could leave affected devices open to denial of service (DoS) and remote code execution attacks.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional ...
CrowdStrike's Scale And Profits Make It Rare Asset In Software: Analyst
Yahoo Finance· 2025-09-25 17:24
Core Insights - CrowdStrike is increasingly entrenched in endpoint security and expanding in cloud protection and next-generation SIEM, leading to strong recurring revenue growth projections into fiscal year 2027 and beyond [1] Analyst Upgrade - Scotiabank analyst Patrick Colville upgraded CrowdStrike from Sector Perform to Sector Outperform and raised the price forecast from $440 to $600, citing the company's scale and profitability as a rare asset in the software sector [2] Market Positioning - CrowdStrike has become more deeply entrenched in endpoint security, aiming to capture a significant portion of the over 50% market share not controlled by the top three vendors [3] Customer Demand - Large enterprises are increasingly looking to consolidate their cybersecurity stacks, with CrowdStrike's 31-module platform delivered through a single agent and console being an attractive solution [4] Customer Retention - Following the 2024 Falcon outage, CrowdStrike effectively retained customers and offered aggressive discounts to ensure long-term adoption, with discounted modules providing quick value and low interest in switching at renewal [5] Future Revenue Growth - As contracts roll into fiscal 2027 and 2028, these commitments are expected to significantly boost annual recurring revenue (ARR), with management guiding for over 20% new ARR growth, potentially reaching an upside case of 25-30% [6] Revenue Disclosure - The disclosure on contra revenue is expected to trim reported growth by less than 1%, which is viewed as removing a key overhang [7]
Cybersecurity Agents in Five Years
Greylock· 2025-09-25 15:53
Future Security Landscape - The industry envisions a behavioral security platform capable of monitoring and protecting all identities, including human, non-human, and AI agents, across an organization [1] - AI agents are expected to become a larger part of the workforce, necessitating protection similar to human employees, both from external threats and from themselves [2] Security Strategy - The company aims to establish an autonomous blue team for continuous exposure detection and mitigation, proactively defending against attackers [2] - The goal is to create a proactive and continuous defense mechanism that balances the power dynamic between attackers and defenders [2]
Lynch Carpenter Investigates Claims in PNC Data Breach
Globenewswire· 2025-09-25 13:38
Group 1 - PNC Financial Services announced a cybersecurity incident affecting the personal information of hundreds of thousands of individuals, including names, addresses, Social Security numbers, and account numbers [1] - The incident involved a cybercriminal hacker potentially accessing records with personally identifiable information (PII) [1] Group 2 - Lynch Carpenter, LLP is investigating claims against PNC related to the data breach and is offering potential compensation to affected individuals [2] - Lynch Carpenter is a national class action law firm with a focus on data privacy matters and has represented millions of clients over more than a decade [3]
CrowdStrike Stock: Is CRWD Underperforming the Technology Sector?
Yahoo Finance· 2025-09-25 13:15
Core Insights - CrowdStrike Holdings, Inc. (CRWD) is a leading cybersecurity company based in Austin, Texas, with a market capitalization of $121.5 billion, offering a range of cloud-delivered security services through its Falcon platform [1][2] Company Performance - CRWD's shares have decreased by 8% from their 52-week high of $517.98, reached on July 3, and have declined 1.9% over the past three months, underperforming the Technology Select Sector SPDR Fund's (XLK) 12.6% return during the same period [3] - In contrast, CRWD has experienced a significant rally of 65.1% over the past 52 weeks, outperforming XLK's 24.5% increase, and is up 39.2% year-to-date compared to XLK's 19.8% rise [4] Financial Results - On August 27, CRWD reported strong Q2 results, with total revenue of $1.2 billion, reflecting a 21.3% year-over-year increase and exceeding analyst expectations by 1.7% [5] - The company's adjusted EPS improved by 5.7% year-over-year to $0.93, surpassing consensus estimates of $0.83 [5] - CRWD achieved record Q2 net new Annual Recurring Revenue (ARR) of $221.1 million, record Q2 cash flow from operations of $332.8 million (up 1.9% year-over-year), and record Q2 free cash flow of $283.6 million (reflecting a 4.2% increase from the prior-year quarter) [5]
BlackBerry(BB) - 2026 Q2 - Earnings Call Presentation
2025-09-25 12:00
Financial Highlights - BlackBerry's Q2 FY26 revenue reached $129.6 million[8] - The company achieved a 75% adjusted gross margin[8] - Non-GAAP earnings per share were $0.04[8] - GAAP net income was $13.3 million[8] - Adjusted EBITDA amounted to $25.9 million[8] - The company's total ending cash and investments stood at $363.5 million[8] - Operating cash flow was $3.4 million[8] - Adjusted OPEX totaled $74.8 million[8] QNX Segment Performance - QNX revenue reached $63.1 million, representing a 15% year-over-year growth[14] - QNX segment adjusted EBITDA margin was 32% of revenue[14]
Accenture Fiscal 2026 Revenue Outlook Light Amid Lower U.S. Spending
Investors· 2025-09-25 11:54
Core Insights - Accenture's fiscal Q4 earnings exceeded expectations, with adjusted earnings rising 9% to $3.03 per share, while revenue increased 7% to $17.6 billion, despite challenges in U.S. federal government spending and the consulting sector [2][4] - The company's fiscal 2026 sales outlook was considered light, with expected revenue growth for the current quarter projected between $18.1 billion and $18.75 billion, below analyst estimates [4][5] - Accenture's stock rose 1% in early trading, although it has seen a 32% decline in 2024, reaching its lowest levels since late 2020 [3][4] Financial Performance - Accenture reported adjusted earnings of $3.03 per share for the quarter ended August 31, surpassing analyst expectations of $2.98 per share [2] - Revenue for the quarter was $17.6 billion, which included a 7% increase, attributed to acquisitions, despite a backdrop of reduced government spending [2] - Bookings totaled $21.3 billion, with $1.8 billion related to artificial intelligence, indicating a focus on emerging technologies [2] Future Guidance - For the current quarter ending in November, Accenture anticipates revenue growth between $18.1 billion and $18.75 billion, slightly above the consensus estimate of $18.51 billion [4] - The company projects a revenue growth of 1%-5% for fiscal 2025, with the midpoint of this guidance falling below the expected 5% growth to $73.16 billion [4] Market Reaction - Analyst Bryan Bergin from TD Cowen described Accenture's fiscal Q4 results and guidance as "better than feared," reflecting a negative sentiment in the market [5] - Accenture's stock performance has been under pressure, with significant declines observed in 2024, highlighting broader market concerns [3][4]
WCBR: Cybersecurity Stocks Setting Up Well Into Q4 (Rating Upgrade)
Seeking Alpha· 2025-09-25 11:44
Group 1 - CrowdStrike (CRWD) experienced a significant operational bug in the summer of 2024, leading to a worldwide outage and a sharp decline in stock value [1] - Following the outage, CEO George Kurtz took proactive measures by engaging with hundreds of key customers to address their concerns [1] Group 2 - The article highlights the importance of leadership and customer engagement during crises, as demonstrated by CrowdStrike's response to the operational failure [1]