The FBI disrupted a network of hacked devices used by criminals in online attacks. Now those devices have been hacked by someone new to build an even bigger weapon. https://t.co/oypF5s04WU ...

Core Insights - The article discusses the Amplify Cybersecurity ETF (NYSEARCA: HACK) and highlights the author's concerns regarding its performance, while also identifying smaller companies with significant growth potential, particularly Varonis Systems, Inc. [1] Company Analysis - Varonis Systems, Inc. is noted for its breakout growth, suggesting it may present a compelling investment opportunity within the cybersecurity sector [1]. Industry Context - The author reflects on over 30 years of experience analyzing various industries, including airlines, oil, retail, mining, fintech, and e-commerce, indicating a broad understanding of market dynamics and investment strategies [1]. - The article emphasizes the importance of adapting to new ideas, technology, and business models, particularly in the context of past crises such as the dot-com bubble and the COVID-19 pandemic [1].

Industry Overview - Cybersecurity threats are increasing globally, necessitating businesses to allocate budgets for defense, with IDC estimating cybersecurity spending to reach $377 billion by 2028 [2] - The rise of AI-based attacks complicates the defense of critical software and infrastructure [2] Company Insights Palo Alto Networks - Palo Alto Networks announced the acquisition of CyberArk for $25 billion, enhancing its identity and access management capabilities, expected to close in the second half of fiscal 2026 [5] - The company reported Q4 revenue of $2.54 billion, surpassing estimates of $2.5 billion, with earnings of $0.95 exceeding expectations of $0.88 [6] - Management provided strong guidance for 2026, projecting a 14% revenue increase to approximately $10.5 billion and non-GAAP earnings per share to rise 14% to $3.80 [6] - The founder and CTO, Nir Zuk, is retiring, but CEO Nikesh Arora continues to lead the company [7] CrowdStrike - CrowdStrike offers a comprehensive security solution through its Falcon platform, integrating AI features that save customers an average of 40 hours per week [9] - The company reported Q2 earnings per share of $0.93, above the consensus estimate of $0.83, while revenue increased by 21% to nearly $1.2 billion [10] - Despite a slight dip in share price following management's Q3 revenue estimate of $1.21 to $1.22 billion, which is below Wall Street's estimate, the company remains on track to achieve $10 billion in annual recurring revenue by 2031 [11][12] Microsoft - Microsoft has established itself as a leader in AI through its partnership with OpenAI, integrating advanced AI into its Azure and Windows 365 platforms [13] - The company has a growing cybersecurity business with 1.4 million customers and 34,000 engineers dedicated to security, with cybersecurity sales projected to reach $37 billion in fiscal 2025, accounting for about 14% of total revenue [14] - With a recent stock slide of about 3%, now is considered a favorable time to invest in Microsoft as it continues to excel in AI and cybersecurity markets [15]

Core Insights - The article focuses on Zscaler, Inc. (NASDAQ: ZS) and its relevance in the context of the Global X Cybersecurity ETF (BUG) [1] Company Analysis - Zscaler is highlighted as a company of interest due to its growth potential and the value it delivers to stakeholders [1] - The analysis aims to project long-term investment opportunities associated with Zscaler [1] Industry Context - The article reflects a broader interest in the cybersecurity sector, particularly in relation to market trends and investment potential [1]

Group 1 - Datadog, Inc. (NASDAQ:DDOG) is recognized as a strong long-term investment in the tech sector, with robust growth driven by AI-native companies [1] - The company's growth is significantly influenced by its strategic focus on artificial intelligence and cybersecurity, with AI initiatives contributing to 10% of its underlying growth [2] - Datadog is actively pursuing growth opportunities in international markets, particularly in India and Brazil, while integrating new technologies to enhance its competitive edge [3] Group 2 - Datadog provides a cloud-based platform for observability and security, offering tools for infrastructure monitoring, application performance monitoring (APM), log management, real-user monitoring, and security [4]

Company Overview - Okta is a $16 billion company focused on identity security, providing solutions for both human and non-human identity verifications, including secure processes for agentic AI [2] - The company has developed Okta AI, which integrates into its workforce and customer identity clouds, enhancing security and productivity while improving user experience [6] Financial Performance - Okta's fiscal 2Q26 report showed a revenue of $728 million, exceeding estimates by $16 million and growing 13% from fiscal 2Q25 [7] - The company predicts revenue for fiscal 3Q26 to be between $728 million and $730 million, above the Wall Street expectation of $723.1 million [7] Market Potential - The cybersecurity market is valued at approximately $270 billion and is expected to grow at a 12% CAGR from 2025 to 2028, with cybersecurity spending projected to grow 50% faster than overall software spending [4] - Okta's expansion into Identity Governance (OIG) and Privileged Access Management (PAM) presents significant upsell opportunities, with OIG already being a >$100 million ACV business [8] Analyst Insights - Morgan Stanley analyst Keith Weiss rates Okta shares as Overweight (Buy) with a price target of $123, indicating a 34% upside potential over the next 12 months [9] - The consensus rating for Okta shares is a Moderate Buy, with 19 Buy, 11 Hold, and 2 Sell recommendations [9] Competitive Landscape - Zscaler, another key player in cybersecurity, has grown into a ~$44 billion company, handling over 500 billion daily transactions and preventing over 9 billion daily incidents [12] - Zscaler's recent acquisition of Red Canary enhances its capabilities in exposure management and agentic AI threat management [13] Zscaler Financials - Zscaler's fiscal 4Q25 revenue reached $719.2 million, growing 21% year-over-year and exceeding forecasts by over $12 million [14] - The company's annual recurring revenue (ARR) increased by 22% year-over-year to $3.02 billion [14] Analyst Ratings for Zscaler - Weiss rates Zscaler as Overweight (Buy) with a price target of $320, suggesting a 12% upside potential [15] - The consensus rating for Zscaler is Strong Buy, with 30 Buy and 5 Hold recommendations [16]

Core Insights - Bragg Gaming Group has secured a new financing agreement with the Bank of Montreal, providing credit facilities of up to US$6.0 million to support working capital and corporate needs [1][2][3] - The new credit facilities replace prior promissory note indebtedness, marking a strategic shift in the company's financial strategy [2][3] - The company aims to strengthen its financial foundation and accelerate shareholder value creation through this new partnership [7][10] Financial Details - The BMO Facilities are secured by a first-ranking security interest over all company assets and are repayable upon demand or after one year unless extended [3][4] - The expected borrowing costs for the BMO Facilities range from 6.9% to 7.9% for Prime-based loans and 5.9% to 6.9% for CORRA-based loans, with standby fees on unused portions between 0.75% and 1.75% per annum [5][6] - Management anticipates that the annualized borrowing costs will be less than half of the previous note debt [6] Strategic Focus - The company is prioritizing margin and cash generation over lower-margin revenue, with a target of achieving a 20% Adjusted EBITDA margin by the second half of 2025 [7] - Recent leadership additions in AI and innovation, along with partnerships with operators like Fanatics and Hard Rock Digital, are expected to drive growth opportunities [8] - The company has realized EUR 2 million in annualized synergies and is focused on sustainable, margin-accretive growth [7][9] Cybersecurity Update - Bragg Gaming Group has resolved a cybersecurity incident detected on August 16, 2025, with no indication of personal information being affected [11][12] - The company has assured customers regarding the security of its game titles and reported no negative impact on revenue or profitability from the incident [12][22] - Knowledge gained from the incident has been applied to enhance cybersecurity defenses [13]

Core Viewpoint - Data Storage Corporation has completed the sale of its CloudFirst business, generating approximately $40 million in gross proceeds and $24 million in net proceeds, which will be used for strategic investments and acquisitions in technology sectors [1][2][3] Group 1: Transaction Details - The sale of CloudFirst was approved by shareholders on September 10, 2025, and closed on September 11, 2025 [1] - The transaction generated approximately $40 million in gross proceeds, with estimated net proceeds of $24 million after fees, taxes, and adjustments [1][2] Group 2: Future Plans - The company plans to use the proceeds to support targeted acquisitions and investments in digital infrastructure, including AI-enabled software, GPU technologies, and cybersecurity [2] - The company will continue operating its telecommunications subsidiary, Nexxis, Inc., while remaining open to opportunities that offer recurring revenue and long-term shareholder value [2][3] Group 3: Management Commentary - The CEO of Data Storage Corporation stated that the completion of the CloudFirst transaction positions the company to evaluate and execute targeted acquisitions with a disciplined approach [3] - The CloudFirst brand, leadership team, and service model will remain intact under Performive, with no expected changes to client relationships, staffing, or service delivery [3][5] Group 4: Company Focus - Data Storage Corporation focuses on investing in GPU Infrastructure-as-a-Service (IaaS), AI-driven software applications, cybersecurity, and voice/data telecommunications [4] - The company's goal is to build recurring revenue streams while maintaining operational discipline [4]

Why CISOs Say Congress Needs To Reauthorize A Vital Cybersecurity Law https://t.co/YwkCljSqmH https://t.co/Etv8xlpKuw ...

Core Viewpoint - Morgan & Morgan is representing customers in a mass legal action against The Hertz Corporation and its brands over a data breach that exposed personal information of thousands of customers [1][2]. Group 1: Incident Details - The data breach was disclosed by Hertz in April 2025 and originated from a cyberattack on a third-party vendor, Cleo Communications, occurring between October and December 2024 [1]. - The exposed information includes names, contact information, dates of birth, driver's license numbers, and credit card details, with some individuals also having their Social Security numbers and passport information compromised [2]. Group 2: Legal Action - The legal action is being handled as a mass arbitration, with plaintiffs alleging that Hertz failed to implement adequate data security measures and was slow to notify affected customers [3]. - Morgan & Morgan is seeking financial damages for customers and injunctions to compel Hertz and its vendors to improve their cybersecurity practices [3]. Group 3: Accountability and Impact - The legal action aims to hold companies accountable for failing to protect sensitive information, emphasizing the significant harm caused by the loss of control over personal data [4]. - The action is in its early stages, focusing on determining the full extent of damages and securing compensation for affected individuals [4]. Group 4: Firm Background - Morgan & Morgan has successfully litigated several similar data breach cases against major corporations, securing millions of dollars for impacted individuals [5]. - The firm has recovered over $25 billion for more than 700,000 clients across various practice areas, including national mass torts and class actions [6].