Core Insights - Rapid7, Inc. is a cybersecurity company that provides security data and analytics solutions, competing with firms like Palo Alto Networks and CrowdStrike [1] - The stock price target set by Jefferies is $19, indicating a potential upside of approximately 6.74% from the current trading price of $17.80 [1][4] Financial Performance - Rapid7's stock reached a new 52-week low, trading as low as $17.73 and closing at $17.80, down from $18.68 [2][5] - The company reported an earnings per share (EPS) of $0.57 for the quarter, exceeding the consensus estimate of $0.45 by $0.12 [2][5] - Revenue for the quarter was $217.96 million, slightly above analyst expectations of $216.14 million, marking a 1.5% increase year-over-year [3][5] - The net margin for the quarter was 3.41%, and the return on equity was 149.12% [3] - For fiscal year 2025, Rapid7 has set its EPS guidance in the range of 2.02 to 2.09, with Q4 2025 guidance between 0.37 and 0.44 EPS [4]

Let's turn now to cyber security. A new documentary podcast out this week examines China's rise to cyber supremacy and the state sponsored hackers haunting America's infrastructure. Joining us now, Nicole Pearl Roth, former cyber security reporter at the New York Times and the host of To Catch a Thief: China's Rise to Cyber Supremacy.She's also the author of This Is How They Tell Me the World Ends, an expose on the global cyber arms race. And she served on the Department of Homeland Security Cyber Security ...

Core Insights - Qualys reported stronger-than-expected third-quarter earnings and revenue, with adjusted earnings rising 19% year-over-year to $1.86 per share and revenue increasing 10% to $169.9 million, surpassing analyst expectations of $1.56 per share and $166.3 million in sales [2][4]. Financial Performance - The company's billings climbed 11% to $186.4 million, exceeding estimates of 6% growth [3]. - For the fourth quarter, Qualys provided guidance of $173 million in revenue at the midpoint, which is above analyst projections of $169.5 million [4]. Market Reaction - Following the earnings report, Qualys stock surged over 15% to nearly $140, recovering from a 12% decline in 2025 prior to the report [4]. Industry Context - Qualys operates in the cybersecurity sector, which has underperformed the broader market since the June/July quarter results. However, it has shown improvement in technical performance, with a Composite Rating of 78 out of a best-possible 99 [5][10].

Core Insights - Cycurion, Inc. has secured a $1.1 million contract through its subsidiary SLG Innovation, Inc. to modernize legacy data systems for a major county-level public guardian office in the U.S. [1][2] - The project involves migrating sensitive data from outdated systems to a secure Microsoft SQL Server platform, enhancing data integrity and accessibility [2][3] - Cycurion's CEO emphasized the importance of this contract as a demonstration of the company's resilience and capability to deliver essential services during fiscal disruptions [3] Company Overview - Cycurion is a publicly traded company specializing in AI-powered technology and staffing solutions for the public sector, with a focus on cybersecurity and IT modernization [1][4] - The company has a significant backlog of $73.6 million and has achieved over 30 major wins in 2025, maintaining a 98% client retention rate [3] - Cycurion operates with a mission-critical designation, ensuring uninterrupted delivery of essential services even during government shutdowns [3][4]

Core Insights - Cycurion, Inc. has secured a $1.1 million contract through its subsidiary SLG Innovation, Inc. to modernize legacy data systems for a major county-level public guardian office in the U.S. [1][3] - The project aims to migrate sensitive data from outdated systems to a secure Microsoft SQL Server platform, enhancing data integrity and accessibility [2][3] - Cycurion's CEO emphasized the importance of this contract as a demonstration of the company's resilience and capability to deliver essential services during fiscal disruptions [3] Company Overview - Cycurion is a publicly traded company specializing in AI-powered technology and staffing solutions for the public sector, focusing on IT cybersecurity and business continuity [4] - The company operates with a significant backlog of $73.6 million, indicating strong demand for its services [3] - Cycurion has achieved over 30 major wins in 2025 and maintains a 98% client retention rate, showcasing its effectiveness in government transformation projects [3]

Core Insights - Microbix Biosystems Inc. is addressing a cybersecurity incident involving a ransomware attack that resulted in data theft but did not disrupt operations [1][2][3] - The company has been enhancing its cybersecurity measures since early 2022, including the implementation of advanced software systems [4][8] - Microbix has a policy of not paying ransoms to hackers, aiming to discourage cybercrime [4] Company Overview - Microbix is a life sciences innovator focused on creating proprietary biological products for human health, with over 120 employees and monthly revenues targeting C$ 2.0 million or more [5][6] - The company manufactures critical ingredients for the global diagnostics industry, including antigens for immunoassays and quality assessment products [5] - Microbix's products are sold in over 30 countries and are supported by a network of international distributors [5] Cybersecurity Measures - The company has adopted the Center for Internet Security (CIS) frameworks for its cybersecurity programs [8] - Regular employee cybersecurity training and endpoint server protection for real-time threat monitoring are part of the ongoing improvements [8] - Microbix is also focusing on disaster-recovery and business-continuity planning [8]

Core Insights - The tech industry continues to attract a significant number of students, with STEM fields drawing about 70% of global students, particularly in engineering and healthcare [1] - The emergence of tech giants, initially represented by FAANG and later MANGA, highlights the dynamic nature of the tech landscape, particularly with the rise of AI [1] - The tech sector has faced challenges post-COVID-19, including a 7% drop in global commercial commerce in 2020, driven by inflation, geopolitical tensions, and shifts towards AI-driven efficiencies [2][3] Group 1: Demanding Technologies and Job Titles - Artificial Intelligence (AI) is a leading field, with job titles such as AI Engineer and Data Scientist, focusing on automation and data analysis [8][9] - Cybersecurity is critical in protecting digital assets, with roles like Information Security Analyst and Chief Information Security Officer (CISO) in high demand [10][11] - Cloud computing skills are essential for modern IT infrastructure, with job titles including Cloud Architect and Cloud Engineer [12][13] - Data science is vital for data-driven decision-making, with roles such as Data Scientist and Data Engineer [14][15] - Machine learning (ML) is a subset of AI, with job titles like Machine Learning Engineer and Robotics Engineer [16][17] - Development Operations (DevOps) enhances software delivery processes, with roles such as DevOps Engineer and Site Reliability Engineer [18][19] - Full-stack development is sought after for its versatility, with job titles including Full-Stack Developer and Software Engineer [20][21] - Blockchain technology is revolutionizing industries, with job titles like Blockchain Developer and Cryptocurrency Analyst [22][23] Group 2: Major Tech Companies - Alibaba is a leading e-commerce company, involved in various sectors including AI and robotics [25] - Alphabet, Inc. (Google) is a technology conglomerate offering a wide range of products and services, including cloud computing and machine learning [26] - Amazon.com, Inc. is a major player in e-commerce and cloud computing, with a focus on digital streaming and AI [27][28] - Apple, Inc. designs and markets consumer electronics and software, with a global presence [29] - Meta Platforms, Inc. operates social media platforms and focuses on human connection technologies [30] - Microsoft Corp. is known for its software products and cloud services, including Azure [31] - Netflix, Inc. is a subscription-based streaming service, producing original content [32] - Nvidia specializes in GPUs and AI technologies, playing a significant role in the tech industry [33] - Tesla, Inc. is viewed as a technology company due to its innovative approach in the automotive sector [34] - Infosys is a leading IT company in India, providing consulting and outsourcing services [35] Conclusion - The tech industry offers diverse career opportunities across various sectors, with a focus on emerging technologies and major companies driving innovation [36]

Financial Data and Key Metrics Changes - Revenue grew nearly 12% year-over-year, reaching $74.7 million in Q3 2025 [5][11] - EBITDA margins expanded from 26.7% to 29.3% year-over-year, while non-GAAP operating margin improved from 22.6% to 24.7% [6][13] - Non-GAAP net income for Q3 was $16.7 million, or $0.23 per diluted share, reflecting 7.4% EPS growth from the previous year [13] Business Line Data and Key Metrics Changes - Product revenue grew 17% year-over-year to $43.1 million, while service revenue increased 6% to $31.6 million [11][12] - Security-led revenue exceeded the long-term target of generating 65% of total revenue, reflecting strong customer demand [12][20] Market Data and Key Metrics Changes - Revenue from the Americas increased 25% on a trailing 12-month basis, driven primarily by investments in AI infrastructure [5][12] - The Americas region represented 65% of global revenue, highlighting the strength of A10's investments in the enterprise segment [12][13] Company Strategy and Development Direction - A10 Networks is aligning its solutions with customer needs in trusted infrastructure, cybersecurity, and AI capabilities, which are seen as essential for growth [5][8] - The company is focused on disciplined execution and capital deployment to drive growth while maintaining profitability [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining a full-year growth rate of 10% based on momentum in strategic initiatives [8][36] - The company is navigating macro uncertainties but remains optimistic about its positioning in the market, particularly with the acceleration of AI infrastructure build-out [16][36] Other Important Information - A10 Networks generated $22.8 million in cash flow from operations in Q3, with cash and investments totaling $371 million at the end of the quarter [15] - The board approved a quarterly cash dividend of $0.06 per share to be paid on December 1, 2025 [15] Q&A Session Summary Question: How is security-led revenue tracking this year? - Management indicated that security-led revenue is currently higher than 65%, and they aim to maintain this goal while not sacrificing infrastructure revenue [20] Question: Will F5's data breach impact customer discussions? - Management noted an increased level of interest from customers wanting to understand market alternatives, but no negative impact on spending was observed [23][29] Question: What specific factors contributed to the strength in North American AI infrastructure investments? - The growth was driven by a few large customers investing aggressively in AI infrastructure, with ongoing engagement with a multitude of players for future opportunities [27] Question: What is the outlook for 2026? - Management expects to sustain growth in the high single-digit range, focusing on maintaining EBITDA margins of 26%-28% and EPS growth faster than the top line [36] Question: What progress has been made in expanding the service provider customer base? - Management highlighted efforts to improve share of wallet with tier-one providers while gaining traction with tier-two service providers [41] Question: What drove the outperformance in the EMEA region? - A significant project contributed to the revenue increase in EMEA, but it is not expected to set a new baseline for future performance [46]

Core Insights - Gen Digital Inc. is a global leader in cybersecurity and digital protection, offering advanced technology solutions through brands like Norton, Avast, LifeLock, and MoneyLion [1] - The company serves nearly 500 million users worldwide and has a market capitalization of $16.19 billion [2] Stock Performance - Gen Digital's stock has declined by 7% over the past 52 weeks and gained 1.4% over the past six months, reaching a 52-week high of $32.22 in August, but is down 18.4% from that peak [3] - The stock has underperformed compared to the S&P 500 Index, which has gained 19.6% over the past 52 weeks and 20.5% over the past six months, as well as the Technology Select Sector SPDR Fund, which is up 34.8% over the same period [4] Financial Performance - For Q1 FY2026, Gen Digital reported net revenues of $1.26 billion, a 30.3% year-over-year increase, and total bookings of $1.20 billion, up 31.7% from the prior year [5] - The company raised its fiscal 2026 revenue guidance from $4.70 billion - $4.80 billion to $4.80 billion - $4.90 billion based on solid results [5] Analyst Expectations - Wall Street analysts project a 12.9% year-over-year increase in EPS for fiscal year 2026, expecting it to reach $2.27 on a diluted basis, with a further increase of 15.4% to $2.62 in fiscal 2027 [6] - For Q2 FY2026, EPS is projected to increase by 12.2% annually to $0.55, although the company has missed consensus EPS estimates in three of the four trailing quarters [7]

Core Insights - CrowdStrike has launched the Authorized Support Partner Program in Europe to enhance distributor-led services and support for the Falcon platform, allowing for localized language assistance [1][2][3] Company Developments - The new program enables distributors to provide multilingual Level 1 and Level 2 support in English, French, German, Spanish, and Arabic, thereby increasing accessibility for smaller organizations [1][2] - Independent research indicates that for every $1 of Falcon platform sales, partners can generate up to $7 in services revenue, validating CrowdStrike's ecosystem-led model [2] Strategic Partnerships - The program was developed in collaboration with strategic distributors Ignition Technology and Westcon-Comstor, enhancing their ability to deliver localized support and managed services [1][2][3] - Executives from Ignition Technology and Westcon-Comstor highlighted the growing demand for Falcon-powered services and the program's role in accelerating partner capabilities [3] Market Position - CrowdStrike's Falcon platform is recognized as a leading solution in cybersecurity, leveraging advanced cloud-native technology to protect enterprise risks [4][5] - The company continues to see extraordinary demand across Europe, with partners increasingly adopting the Falcon platform for superior cybersecurity outcomes [3]