So, we're the only company where when we acquired companies, a funny story is I got a guy who says, "Oh, great. We're buying a company in cloud security. I'm the senior vice president of blockchain, cloud, and AI." I'm like, "Great. Welcome to your new boss." It's like, "What do you mean?" I said, "That's the guy you're going to work for." He's like, "We just bought his company." I said, "Yeah, he kicked your ass with low resources out there in the market. You're going to learn something from him." There yo ...

Core Viewpoint - Palo Alto Networks, Inc. (PANW) has faced a 4.3% decline in share price since reporting its Q3 fiscal 2025 results, despite exceeding earnings expectations. The stock remains volatile due to geopolitical issues and tariff uncertainties, although it has seen a 2.3% increase year-to-date [1][2]. Financial Performance - PANW's financial results for fiscal 2025 show a projected revenue of $9.18 billion, reflecting a year-over-year growth of 14.3% [13]. The Zacks Consensus Estimate for the current quarter is $2.50 billion, with a year-over-year growth estimate of 14.19% [14]. Competitive Landscape - PANW is experiencing increased competition from other cybersecurity firms like CrowdStrike and Zscaler, which impacts its market position and operational costs [7][8]. The shift in large deals from multi-year to annual payments is shortening sales cycles and affecting revenue stability [6]. Industry Trends - The global cybersecurity market is expected to grow from $193.73 billion in 2024 to $562.72 billion by 2032, indicating a significant opportunity for PANW as demand for advanced cybersecurity solutions rises [10]. The company's focus on AI, automation, and cloud security positions it favorably within this expanding market [11]. Strategic Initiatives - PANW's transition to a platform-based model has led to securing over 90 new platformization deals in Q3 fiscal 2025, with a nearly 70% year-over-year increase in customers utilizing multiple platformizations [12][13]. This strategy enhances financial stability and customer retention. Valuation Insights - PANW is currently trading at a lower price-to-sales (P/S) ratio of 12.05X compared to the Zacks Security industry's average of 13.8X, suggesting potential upside for investors [15]. This valuation is also lower than its competitors, Zscaler and CrowdStrike, which have P/S multiples of 12.75X and 21.66X, respectively [15]. Conclusion - Despite facing financial and competitive challenges, PANW is well-positioned for future growth due to strong demand and a favorable valuation, making it a stock worth holding at present [17].

Core Insights - Atsign has successfully deployed an "invisible cloud" environment on Amazon Web Services (AWS) using its NoPorts technology, enhancing security and privacy for AWS customers [1][4] - NoPorts technology eliminates the need for open inbound ports, reducing common attack vectors exploited by cybercriminals and ensuring secure communication only among authenticated entities [2][5] - The deployment of invisible clouds on AWS allows organizations to protect sensitive applications and data, including AI and machine learning technologies, from unauthorized access [4][6] Group 1: Technology and Security Features - NoPorts technology provides a zero trust architecture, end-to-end encryption, and eliminates reliance on traditional security layers, enhancing operational efficiency and security while reducing costs [5][6] - The invisible cloud capability significantly reduces the attack surface, making it more difficult for malicious actors to access sensitive data and critical systems [4][6] - NoPorts can secure a wide range of cloud-hosted services, including APIs, databases, web applications, AI/ML models, IoT applications, and edge computing deployments [5][6] Group 2: Company Vision and Market Impact - Atsign aims to enable secure and direct connections for people, entities, and things while keeping them invisible to potential attackers [6][7] - The introduction of invisible clouds on AWS represents a significant advancement in cloud security, empowering organizations to safeguard their most valuable assets [4][6] - The technology positions Atsign as a leader in the cloud security space, addressing the growing threat of cyberattacks [4][6]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 increased by 11% year over year to $72 million, marking the third consecutive quarter of double-digit revenue growth [4][16] - Non-GAAP earnings per share rose by 60% to $0.27, indicating high leverage in the business model [4] - Cash flow from operations reached $22.4 million, compared to $21.1 million in the same period last year [22] - Net income increased by 73% year over year to $11.8 million [21] Business Line Data and Key Metrics Changes - Cloud Security ARR grew by 19% year over year to $80 million, driven by a significant increase in new cloud application security bookings [5][17] - Total ARR increased by 9% year over year to $230 million, with recurring revenues now accounting for 82% of total revenue [17] Market Data and Key Metrics Changes - Revenue from the Americas increased by 1% year over year to $27.4 million, accounting for 38% of total revenue [17] - EMEA revenue grew by 25% year over year to $28.4 million, representing 39% of total revenue [18] - APAC revenue increased by 7% year over year to $16.3 million, contributing 23% of total revenue [19] Company Strategy and Development Direction - The company aims to win significant market share in cloud security, lead through AI innovation and automation, and enhance its go-to-market footprint [5][14] - Plans to expand cloud security infrastructure include new service centers in Peru, India, and Kenya, with a total of over 50 cloud security service centers worldwide [6][14] - The company is focusing on increasing investments in sales, marketing, and R&D to support growth in cloud security and AI-driven innovation [12][20] Management's Comments on Operating Environment and Future Outlook - Management noted no significant changes in customer buying behavior and expects stable conditions moving into Q2 2025 [25][26] - The leadership team is confident in their ability to drive productivity and growth, with no anticipated disruptions from recent changes [28][29] - The company expects total revenue for Q2 2025 to be in the range of $73 million to $74 million [23] Other Important Information - Gross margin for Q1 2025 was 82.1%, a slight increase from the previous year [19] - The company is proactively adjusting its supply chain in response to recently announced tariffs, expecting minimal impact on operations [22] Q&A Session Summary Question: Did you see any changes in buying behavior from your customers? How was April? - Management indicated no noticeable changes in buying behavior and that conditions remained stable [25][26] Question: Is there any major change in process needed in the US market, and is that accounted for in the Q2 guidance? - Management confirmed that major changes were already implemented and productivity is expected to ramp up without disruption [27][29]

Expands relationship with U.S. Fortune 500 fintech across full cloud DDoS and application security suiteMAHWAH, N.J., May 01, 2025 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced it recorded a major customer win, securing its largest cloud security services agreement to date. The multi-year, multimillion dollar agreement is part of a renewal and expanded relationship with a global, Fortune 500 financial ...

Alphabet ((GOOGL) just made its largest acquisition ever with the $32 billion bid for Wiz, an Israeli tech company focused on cloud security.Typically, Google has liked to build new technologies and platforms in-house, especially via their secretive "Skunkworks" R&D lab.So why did they spend more than all 20 previous acquisitions combined? What do they see in cloud security and how big will the synergies and payoffs be as they compete with market leaders AWS and Azure?Preparing for a New Threat AtmosphereSu ...

Core Viewpoint - Palo Alto Networks, Inc. (PANW) has experienced a significant decline in share price, losing 11.4% over the past month, which is worse than the Zacks Security industry's decline of 9.2% during the same period [1][2] Financial Performance - The company reported a slowdown in sales growth, with fiscal 2024 revenue growth at 16% year-over-year, down from 25% in fiscal 2023. For fiscal 2025, PANW projects revenue growth of 14%, estimating total revenue between $9.14 billion and $9.19 billion [5][6] - The first and second quarters of fiscal 2025 have shown revenue growth lingering around 14%, indicating a cooling off of the company's rapid expansion phase [6] - PANW's next-generation security annual recurring revenue growth is projected at 31-32%, a decline from over 45% in previous years, disappointing investors [6][8] - The company's earnings per share (EPS) estimate for the current fiscal year has been revised down by a penny to $3.22 [8][9] Competitive Landscape - The cybersecurity market is highly competitive, with significant players like CrowdStrike, CyberArk, and Zscaler posing threats to PANW's growth prospects [7][12] - PANW faces competition in various segments, including endpoint security and privileged access management, where competitors have established strong positions [10][11] Industry Trends - Despite challenges, the global cybersecurity market is projected to grow from $193.73 billion in 2024 to $562.72 billion by 2032, indicating a substantial addressable market for PANW [13] - The company is well-positioned to benefit from the increasing demand for advanced cybersecurity solutions as enterprises prioritize multi-layered security platforms [13][14] - PANW's strategic partnership with NVIDIA to develop AI-powered private 5G security solutions enhances its capabilities in a rapidly growing market segment [14] Business Strategy - The transition to a platform-based model has been beneficial for PANW, allowing it to bundle multiple security products into a comprehensive offering, which generates recurring revenue and enhances customer loyalty [15] - The company's current valuation is attractive, trading at a forward 12-month price-to-sales (P/S) ratio of 10.71X, lower than the Zacks Security industry's ratio of 12.03X [16] Conclusion - Despite facing financial and competitive challenges, PANW has substantial resources for innovation and is positioned to capitalize on future growth in the cybersecurity industry. The current demand environment and discounted valuation suggest that holding the stock may be a prudent decision [19]

SAN FRANCISCO, April 23, 2025 (GLOBE NEWSWIRE) -- RSA CONFERENCE, Skyhawk Security, the originator of Cloud Detection and Response (CDR), announces a revolutionary leap in cloud security with the expansion of its AI-powered Autonomous Purple Team to include custom cloud applications. For the first time, organizations can preemptively and continuously secure custom cloud applications and their cloud infrastructure without agents. This innovation protects against today's biggest cloud security issue, one expl ...

Core Points - Fortinet has been awarded the 2025 Google Cloud Infrastructure Modernization Partner of the Year Award for Networking, marking its fifth recognition as a Google Cloud Technology Partner of the Year [1][2] - The award underscores Fortinet's strong application and infrastructure security solutions and its deep integration with Google Cloud services through the Fortinet Security Fabric powered by FortiOS [2][6] - Fortinet's solutions enable businesses to scale, optimize performance, and defend against evolving threats in complex cloud environments [2][3] Company Overview - Fortinet is a leader in cybersecurity, focusing on the convergence of networking and security, with a mission to secure people, devices, and data globally [7] - The company offers a comprehensive portfolio of over 50 enterprise-grade products, trusted by more than half a million customers [7] - Fortinet's training institute is one of the largest in the industry, dedicated to enhancing cybersecurity training and career opportunities [7] Product and Service Highlights - Fortinet's FortiGate VM serves as a virtual next-generation firewall (NGFW), enforcing consistent security policies across various cloud environments [2][4] - The company provides a cloud security platform that includes application security and cloud-native application protection platform (CNAPP) solutions, offering integrated code-to-security with 360-degree defense-in-depth protection [3] - Fortinet's Unified SASE simplifies operations and enables secure remote and on-prem access, protecting networks, applications, and data [4] Licensing and Customer Flexibility - Fortinet's FortiFlex licensing program allows Google Cloud customers to optimize their deployments and investments, enabling scalability and rollover of unused credits [5] - The program also assists customers with Google Cloud Committed Use Discount agreements in meeting their spending obligations [5]

Core Viewpoint - Alphabet's acquisition of cybersecurity startup Wiz for $32 billion aims to strengthen its position in cloud security and AI-driven solutions, despite the stock remaining flat since the announcement [1][2]. Acquisition Details - The deal is expected to close next year, pending regulatory approval, and will be Alphabet's largest acquisition to date, surpassing the $12.5 billion purchase of Motorola Mobility in 2012 [2]. - Wiz, founded in 2020, has rapidly scaled to achieve $100 million in annual recurring revenue (ARR) within 18 months and is projected to reach $700 million in ARR by 2024, with a private market valuation of $12 billion [3]. Wiz's Market Position - Wiz's innovative cybersecurity features include real-time agentless visibility and risk prioritization, and its customer base includes major cloud providers like Google Cloud, AWS, and Azure, as well as over half of the Fortune 100 companies [4][3]. - The acquisition reflects Alphabet's willingness to pay a premium for Wiz due to its significant customer base and rapid growth [4]. Alphabet's Financial Health - Alphabet has $95.65 billion in cash and equivalents, with total assets of $450.25 billion, significantly exceeding total liabilities of $125.17 billion, indicating strong financial health to support the acquisition [5]. Google Cloud Growth - Google Cloud has been Alphabet's fastest-growing segment, with revenue increasing by 30% to $11.95 billion in the last quarter, and operating income soaring 142% to $2.09 billion compared to the previous year [7]. - Google Cloud accounted for 12% of Alphabet's total revenue last year, amounting to $43.2 billion, a 64% increase from $26.28 billion in 2023 [8]. Future Outlook - The acquisition of Wiz is seen as a strategic move to enhance Alphabet's capabilities in the competitive landscape of cloud computing, cybersecurity, and AI, potentially leading to lucrative returns in the future [11].