Core Insights - Blackbaud is hosting its K-12 user conference in July 2026 in Boston, aimed at K-12 independent school leaders and staff, providing networking and learning opportunities [1][2] - The conference will feature keynote speakers, product sessions, and an innovative Unconference experience, allowing attendees to shape discussions on relevant topics [2][3] - Blackbaud's recent participation in the ATLIS annual conference highlighted its commitment to the K-12 sector, showcasing expertise in areas like artificial intelligence and cybersecurity [3][4] Company Overview - Blackbaud is a leading software provider focused on social impact, serving nonprofit and education sectors, with over $100 billion raised or managed annually through its platforms [5] - The company operates in multiple countries, including the United States, Australia, Canada, and the United Kingdom, supporting users in over 100 countries [5] - Blackbaud has received recognition from various organizations, including Newsweek and Forbes, for its commitment to social responsibility and employee satisfaction [5]

Financial Data and Key Metrics Changes - For Q1 2025, net sales were $5.2 billion, an 8% increase compared to the same period in 2024 on an average daily sales basis [7] - Gross profit reached $1.1 billion, up 7% year over year on an average daily sales basis [7] - Non-GAAP operating income was $444 million, reflecting a 10% increase, while non-GAAP net income per share was $2.15, up 12% [8][31] Business Line Data and Key Metrics Changes - Commercial market growth was strong, with corporate and small business sales increasing by 68% [11] - Healthcare saw a 20% increase in net sales, driven by client devices, cloud, and services [12] - Education increased by 11%, with K-12 growth driven by Chromebook demand [12] - Government net sales increased slightly, with state and local growth offsetting federal agency decision-making pauses [13] Market Data and Key Metrics Changes - The federal government market growth was subdued, while education growth accelerated towards the end of the quarter [9] - UK and Canadian operations delivered sales of $2.5 billion last year, with the UK leading the growth [11] - The commercial market showed consistent growth, while the federal and education markets faced challenges [28] Company Strategy and Development Direction - The company is focused on a three-part growth strategy, emphasizing cloud adoption, cybersecurity, and IT workflow optimization [15] - Recent investments include embedding services throughout the portfolio, particularly in Mission Cloud Services [15] - The company aims to maintain its position as a trusted adviser and vendor partner in a dynamic environment [23] Management's Comments on Operating Environment and Future Outlook - The company maintains its 2025 outlook, expecting low single-digit growth in the US IT market with a growth premium of 200 to 300 basis points [19] - Management noted that while customers are cautious, they do not intend to alter their spending plans significantly [20] - The environment remains fluid, and the company is prepared to navigate uncertainties as they arise [21] Other Important Information - Non-GAAP SG&A expenses totaled $678 million, up 2.8% year over year, reflecting higher gross profit achievement [30] - The company returned approximately $200 million in share repurchases and $83 million in dividends as part of its capital allocation strategy [34] - The cash conversion cycle was 15 days, down from the prior year, indicating effective working capital management [32] Q&A Session Summary Question: Insights on product categories, specifically NetComm and storage - Management acknowledged a pause in spending in these markets but noted ongoing design discussions as a positive indicator for future activity [46][47] Question: Pricing landscape and ability to pass through tariff-related costs - Management expressed confidence in maintaining profitability despite potential price increases, citing a resilient gross margin [52][54] Question: Performance in healthcare and future channel performance - Strong healthcare results were attributed to strategic investments and increased cloud adoption, with expectations for continued growth [60][61] Question: Changes in order behavior in Q2 - Management reported solid underlying demand and a healthy rhythm in the commercial sector, with cautious optimism for future growth [66][67] Question: Guidance on EPS growth and buybacks - Management confirmed that buybacks are embedded in the EPS guidance, with a focus on returning 50% to 75% of adjusted free cash flow to shareholders [70][88] Question: Hiring plans and wage inflation - Management plans to maintain a balanced approach to hiring while managing expenses prudently, with no significant wage inflation observed [84][87]

Core Viewpoint - KVH Industries, Inc. has launched the CommBox™ Edge Secure Suite, a cybersecurity service designed to detect, prevent, and report threats to maritime communications and operations, enhancing the security of vessels and fleets [1][2][3]. Product Features - The Secure Suite actively identifies and blocks harmful traffic in real time, reducing risks to vessel communications and network security [1]. - It is compatible with CommBox Edge 6, Edge 2 belowdeck appliances, and the CommBox Edge virtual machine option, making it a versatile upgrade [1]. - The service includes an Intrusion Prevention System (IPS), active quarantine capabilities, and a cloud-based Threat Dashboard for comprehensive cybersecurity [3][4]. Deployment and Integration - CommBox Edge Secure Suite is designed for rapid, easy, and affordable deployment, maximizing IT resources while optimizing communications [2]. - It supports various wide area network (WAN) options, including VSAT, low earth orbit (LEO) services, and 5G cellular, accommodating up to thirty onboard local area networks [4]. Advanced Technology - The Secure Suite utilizes advanced cybersecurity technology from Cisco Talos and Cisco Snort to monitor and respond to cyber threats in real time [7]. - It captures detailed threat logs for analysis and actionable insights, ensuring compliance with industry standards and enhancing network performance [7]. Company Overview - KVH Industries, Inc. is a global leader in maritime and mobile connectivity, providing solutions for commercial maritime, leisure marine, military/government, and land mobile applications [8]. - The company was founded in 1982 and is headquartered in Middletown, RI, with operations worldwide [8].

Core Insights - The 2025 Cybersecurity Readiness Index by Cisco reveals that only 4% of organizations globally have reached a 'Mature' level of cybersecurity readiness, indicating a slight improvement from 3% last year, but overall preparedness remains low [2][6] - AI is significantly impacting the security landscape, with 86% of organizations experiencing AI-related security incidents last year, yet only 49% of respondents feel their employees fully understand AI-related threats [3][6] - The report highlights a critical gap in cybersecurity readiness, with 71% of respondents expecting business disruptions from cyber incidents in the next 12 to 24 months [6] Cybersecurity Readiness - Only 4% of organizations worldwide have achieved a mature level of cybersecurity readiness, reflecting a concerning trend in global preparedness [6] - The complexity introduced by AI has led to 86% of organizations facing AI-related security incidents, emphasizing the need for improved understanding and strategies [3][6] - A significant 86% of organizations report a shortage of skilled cybersecurity professionals, which continues to hinder their security efforts [6][12] Threat Landscape - Nearly half of organizations (49%) suffered cyberattacks in the past year, with external threats from malicious actors and state-affiliated groups viewed as more significant than internal threats [4] - Organizations are increasingly concerned about unmanaged devices, with 84% facing heightened security risks due to employees accessing networks from these devices [7] AI's Role in Cybersecurity - A substantial 89% of organizations utilize AI to better understand threats, while 85% use it for threat detection and 70% for response and recovery, highlighting AI's critical role in enhancing cybersecurity strategies [7] - However, 60% of IT teams are unaware of employee interactions with public GenAI tools, indicating a lack of oversight and potential risks [7] Investment and Strategy - While 96% of organizations plan to upgrade their IT infrastructure, only 45% allocate more than 10% of their IT budget to cybersecurity, which has decreased by 8% year-over-year [8] - Organizations are urged to invest in AI-driven solutions, simplify security infrastructures, and enhance awareness of AI threats to effectively tackle current cybersecurity challenges [9]

Core Insights - Quantum Computing Inc. (QCi) will host a conference call and webcast on May 15, 2025, at 4:30 p.m. Eastern Time to discuss its operational progress for Q1 2025 [1] - The company will release its Q1 2025 financial results on the same day after market close [1] Company Overview - Quantum Computing Inc. is an innovative company specializing in integrated photonics and quantum optics technology, providing accessible and affordable quantum machines [4] - The company's products are designed to operate at room temperature and low power, making them cost-effective [4] - QCi's technology portfolio includes capabilities in high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications [4]

Core Insights - Atos has launched the SecureHorizons NIS2 Compliance Manager Application, powered by ServiceNow, to automate compliance processes for organizations facing the NIS2 Directive [1][4] - The NIS2 Directive aims to enhance cybersecurity across the EU, making compliance mandatory for all companies operating within or trading in the EU [2][3] Company Overview - Atos is a global leader in digital transformation with approximately 74,000 employees and annual revenue of around €10 billion [8] - The company specializes in cybersecurity, cloud services, and high-performance computing, providing tailored solutions across 68 countries [8] Product Features - The SecureHorizons application replaces manual processes with automated workflows, offering a unified dashboard for compliance monitoring [4][7] - It integrates people, processes, and technology to streamline compliance efforts and reduce enterprise risk [7] - The application is designed to help organizations proactively address compliance gaps and respond to audit requirements [5][6]

Palantir stock has been on a tear over the last two years, but the company's valuation may be peaking.The allure of artificial intelligence (AI) has dominated the stock market for over two years. AI is not just an interest among investors -- it's become a bit of an obsession. And one stock that investors just can't seem to get enough of is data analytics specialist Palantir Technologies (PLTR 6.77%).As of this writing (April 30), Palantir stock sports a share price of roughly $117 -- just a stone's throw aw ...

Financial Data and Key Metrics Changes - The company reported first quarter revenue of $66.1 million, reflecting a 9% year-over-year increase [12] - Gross margin for the quarter was 80.9%, consistent with the target range of 80% to 82% [16] - Non-GAAP net income for the quarter was $15 million, or $0.20 per diluted share, compared to $12.7 million, or $0.17 per diluted share in the same quarter last year [16] - Cash from operations generated during the quarter was $15.2 million, normalizing in line with historical patterns [17] Business Line Data and Key Metrics Changes - Enterprise revenue grew by 18% year-over-year, while service provider revenue increased by 3% [5][12] - On a trailing twelve-month basis, enterprise revenue increased by 12%, indicating a solid foundation for future growth [6] - Product revenue constituted 54% of total revenue, while services revenue made up 46% [13] Market Data and Key Metrics Changes - North America showed relatively strong performance, while Asia Pacific results were impacted by a strong Q1 last year due to large infrastructure projects in Japan [13] - Overall market conditions have improved and stabilized, with service provider customer growth driven by demand for greater data center capacity [7][11] Company Strategy and Development Direction - The company is focusing on expanding its presence and capabilities with enterprise customers, particularly through the acquisition of ThreatX Protect to enhance its cybersecurity portfolio [8][9] - The rise of AI is driving demand in the enterprise segment, reinforcing the strategic position of the company [10] - The company aims to maintain a strong balance sheet while navigating market volatility and returning capital to shareholders [11][19] Management's Comments on Operating Environment and Future Outlook - Management noted that while there may be delays in order timing due to market conditions, these are expected to be temporary [6] - The company is comfortable with expectations of high single-digit revenue growth for the year, pending macroeconomic conditions [35] - Management emphasized the importance of aligning with AI trends and maintaining a competitive edge in the market [21] Other Important Information - Total deferred revenue increased by 8% to $152.7 million, indicating greater visibility into future revenues [14] - The company has authorized a new $75 million share repurchase program, following nearly exhausting the previous authorization [19] Q&A Session Summary Question: Impact of tariffs on customer conversations - Management indicated that there is caution among customers regarding macroeconomic conditions, but spending patterns are not completely frozen [27][29] Question: Visibility on large customer initiatives for AI data centers - Management noted reasonable visibility into large AI build-outs, with companies modulating their plans based on financials [30][31] Question: Anticipation of high single-digit revenue growth - Management expressed comfort with the expectation of high single-digit revenue growth, pending macroeconomic shifts [35] Question: Competitive landscape in data center capacity - Management stated that the competitive dynamic remains consistent, with partnerships evolving as service providers build AI data centers [36] Question: Growth dynamics in enterprise revenue - Management clarified that the growth in enterprise revenue is reflective of a soft Q1 last year, with multiple customers contributing to the increase [41] Question: Caution among service provider customers - Management indicated that caution is broad-based among service providers, although some are more aggressive in their spending [42][43] Question: Sales and marketing expenses - Management explained that the decrease in sales and marketing expenses is part of cost management to maintain EBITDA margins while investing in R&D [44] Question: Full year EBITDA target - Management remains confident in achieving the target EBITDA margin of 26% to 28% despite potential fluctuations in input costs [49][50] Question: Diversification of contract manufacturing partners - Management is actively working on building a more resilient and flexible global footprint for manufacturing [51][52] Question: Exchange rate impacts - Management acknowledged that exchange rate fluctuations could pose revenue risks, but project timelines are primarily driven by customer needs [55]

Financial Data and Key Metrics Changes - A10 Networks reported first quarter revenue of $66.1 million, reflecting a 9% year-over-year increase [12] - Non-GAAP net income for the quarter was $15 million, or $0.20 per diluted share, compared to $12.7 million, or $0.17 per diluted share in the same quarter last year [15] - Gross margin for the first quarter was 80.9%, consistent with the company's target range of 80% to 82% [15] - Adjusted EBITDA was $19.5 million, representing 29.5% of revenue [15] Business Line Data and Key Metrics Changes - Enterprise revenue grew by 18% year-over-year, while service provider revenue increased by 3% [6][12] - On a trailing twelve-month basis, enterprise revenue increased by 12%, indicating a solid foundation for future growth [6] - Product revenue accounted for 54% of total revenue, while services revenue made up 46% [13] Market Data and Key Metrics Changes - North America showed relatively strong performance, while Asia Pacific results were impacted by a strong Q1 last year due to large infrastructure projects in Japan [13] - Overall market conditions have improved and stabilized, with service provider customer growth driven by demand for greater data center capacity [6][11] Company Strategy and Development Direction - A10 Networks is focusing on expanding its presence and capabilities with enterprise customers, particularly through the acquisition of ThreatX Protect to enhance its cybersecurity portfolio [8][10] - The company aims to address non-discretionary security and capacity requirements, positioning itself to benefit from the rise of AI and its associated demands [6][10] - A10 Networks continues to target gross margins of 80% to 82% and adjusted EBITDA margins of 26% to 28% for the full year [18] Management's Comments on Operating Environment and Future Outlook - Management noted that while there may be delays in order timing due to market conditions, these are expected to be temporary [6] - The company remains optimistic about its strategic position and believes it is well-positioned to outpace the market in terms of revenue growth and profitability as conditions stabilize [11][20] Other Important Information - Total deferred revenue increased by 8% to $152.7 million, reflecting confidence from customers in A10's solutions [14] - The company ended the quarter with $355.8 million in cash, cash equivalents, and marketable securities, significantly up from $195.6 million at the end of 2024 [16] Q&A Session Summary Question: Impact of tariffs on customer conversations - Management indicated that there is caution among customers regarding macroeconomic conditions, but spending patterns are not completely frozen [25][27] Question: Visibility on AI data center initiatives - Management noted that they have reasonable visibility into large AI build-outs, but companies are modulating their plans based on financials [28][29] Question: Anticipated revenue growth - Management expressed comfort with expectations of high single-digit revenue growth for the year, pending macroeconomic shifts [34] Question: Competitive landscape in AI-driven product portfolio - Management stated that competitive dynamics remain similar, with partnerships evolving as service providers build out AI data centers [35] Question: Growth in enterprise revenue - Management clarified that the growth in enterprise revenue was influenced by a soft Q1 last year, with multiple customers contributing to the increase [39] Question: Caution among service provider customers - Management acknowledged broad-based caution among service provider customers, although some are more aggressive in their spending [40][41] Question: Sales and marketing expenses - Management indicated that the decrease in sales and marketing expenses was a strategic decision to manage costs while investing in R&D [42] Question: Full year EBITDA target - Management remains confident in achieving an EBITDA margin of 26% to 28% despite potential fluctuations in input costs [46][47] Question: Diversification of contract manufacturing partners - Management is actively working on diversifying manufacturing partners to build a more resilient supply chain [49][50] Question: Exchange rate impacts - Management noted that while exchange rates can pose revenue risks, project timelines are typically not heavily influenced by short-term fluctuations [51][53] Question: Product refresh outlook - Management clarified that product refresh cycles are part of normal business operations and do not indicate a significant change in customer outlook [58][59] Question: Tariff impact on pricing negotiations - Management stated that any tariff impact would require discussions with customers to determine how to share the burden, but specifics are uncertain until more information is available [61][62]

Core Viewpoint - CrowdStrike Holdings Inc. is experiencing volatility in its stock price as it approaches earnings, with concerns about potential pullbacks in corporate spending impacting investor sentiment [1][2]. Company Performance - CrowdStrike has achieved solid single-digit revenue growth over the last five quarters, surpassing $1 billion in revenue for fiscal year 2025, with over 20% year-over-year growth in the last four quarters, although growth slowed by nearly 20% from the first to last quarters [4][5]. - The company is expected to generate growth in annual recurring revenue (ARR) as customers begin to retain modules from its Falcon platform that were part of compensation packages [5][8]. Market Sentiment - The stock is currently viewed as leaning towards overbought territory, with macroeconomic concerns leading investors to seek liquidity from technology stocks like CrowdStrike [2]. - Analysts have a mixed outlook on CRWD stock, with a Moderate Buy rating and a 12-month price target of $400.76, indicating a potential downside of 7.01% from the current price [7][11]. Investor Concerns - Revenue concentration is primarily on Fortune 500 companies and U.S. government clients, which may be vulnerable to cutbacks [9]. - The customer base is heavily U.S.-centric, raising concerns about potential shifts in investment preferences towards international stocks [10]. Analyst Ratings - Roth Capital initiated coverage with a Strong Buy rating and a price target of $410, which is about 3% lower than the closing price on April 28, 2025 [11]. - Despite a generally bullish sentiment, analysts suggest that a pullback may be necessary, although this could change with favorable trade developments [12].