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Palo Alto Networks reports earnings beat, says founder Nir Zuk retiring from company
CNBC· 2025-08-18 20:47
Group 1 - Palo Alto Networks reported a 16% increase in revenue for the fiscal fourth quarter, reaching approximately $2.54 billion, compared to about $2.2 billion in the previous year [1][5] - Net income decreased to about $254 million, or 36 cents per share, down from approximately $358 million, or 51 cents per share, in the same period last year [1] - The company provided optimistic guidance for the fiscal first quarter, projecting earnings per share between 88 cents and 90 cents, exceeding the StreetAccount estimate of 85 cents [2] Group 2 - For the full fiscal year, Palo Alto expects revenue to range from $10.48 billion to $10.53 billion, with adjusted earnings between $3.75 and $3.85 per share, both surpassing Wall Street projections [2] - Remaining purchase obligations, which indicate backlog, are anticipated to be between $15.4 billion and $15.5 billion, exceeding the estimate of $15.07 billion [3] - The company announced plans to acquire CyberArk for $25 billion, marking its largest deal since inception and reflecting an aggressive acquisition strategy under CEO Nikesh Arora [3] Group 3 - Following the announcement of the acquisition, shares experienced a sharp sell-off, resulting in a 3% decline year-to-date as of the latest close [4] - Lee Klarich will succeed Nir Zuk as CTO and will also join the board, as Zuk retires from his role [4]
X @Decrypt
Decrypt· 2025-08-18 16:57
Malware Threat - Industry reports hackers are using fake Captchas to spread Lumma Stealer malware [1] Security Alert - Industry warns of the distribution of Lumma Stealer malware via deceptive Captcha techniques [1]
X @TechCrunch
TechCrunch· 2025-08-15 21:02
Cybersecurity Risks - EG4, a Texas solar company, has become a focal point for home energy cybersecurity concerns [1] - Federal officials issued an advisory regarding the potential for hackers to hijack EG4's inverters [1]
X @Bloomberg
Bloomberg· 2025-08-15 16:08
RT Jake Bleiberg (@JZBleiberg)ICYMI: Russian Hackers Lurked in US Courts for Years, Took Sealed FilesW/@jamietarabayhttps://t.co/nW4kkYyNtr ...
Is Generative AI a Cybersecurity Disaster Waiting to Happen? — With Yinon Costica
Alex Kantrowitz· 2025-08-15 14:09
Yinon Costica is the co-founder and VP of product at Wiz, which sold to Google for $32 billion in cash. Costica joins Big Technology Podcast to discuss the extent of the cybersecurity threats that generative AI is creating, from vulnerabilities in AI software to the risks involved in “vibe coding.” Tune in to hear how attackers are using AI, why defenders face new asymmetries, and what guardrails organizations need now. We also cover Google’s $32 billion acquisition of Wiz, the DeepSeek controversy, post-qu ...
Fortinet to Participate in Fireside Chat Hosted by Goldman Sachs
Globenewswire· 2025-08-15 13:00
Company Overview - Fortinet is a global leader in cybersecurity, focusing on the convergence of networking and security [3] - The company offers an extensive portfolio of over 50 enterprise-grade cybersecurity products [3] - Fortinet has over half a million customers, making its solutions among the most deployed and validated in the industry [3] Upcoming Event - Ken Xie, Founder, Chairman, and CEO, along with Christiane Ohlgart, CFO, will participate in a virtual fireside chat hosted by Goldman Sachs on August 25, 2025 [1] - The event will be accessible via a live webcast on Fortinet's Investor Relations page [2] Commitment to Cybersecurity - Fortinet's mission is to secure people, devices, and data globally [3] - The company collaborates with various organizations, including government entities and academia, to enhance global cyber resilience [3] - FortiGuard Labs, Fortinet's threat intelligence organization, utilizes advanced machine learning and AI technologies for threat protection [3]
VCIG Secures Government and Enterprise Engagements Following ASEAN AI Summit Showcase of Full-Stack Sovereign AI and Cybersecurity Technologies
GlobeNewswire News Room· 2025-08-15 12:33
Core Insights - VCI Global Limited has secured multiple enterprise commitments and government-level proof-of-concept projects following its participation in the ASEAN AI Summit 2025, marking a significant milestone in its regional expansion strategy [1][2] - The company showcased its sovereign-grade encryption and AI infrastructure technologies, which received strong engagement from ASEAN country delegations, government agencies, and enterprise leaders [2][5] - The global post-quantum and quantum-security market is projected to reach approximately US$4.62 billion by 2030, with a CAGR of 38.3%, while the Asia-Pacific cybersecurity market is forecast to reach US$146 billion by 2030, growing at a CAGR of 15.9% [3][4] Company Developments - VCI Global is strategically positioned to capture significant opportunities in ASEAN's digital sovereignty and cybersecurity landscape by aligning its technologies with high-growth market trajectories [4] - The company has multiple signed enterprise agreements for its CyberSecure Vault and related solutions, along with ongoing discussions with national AI and data sovereignty task forces in the region [8] - The company aims to empower governments, enterprises, and institutions in Southeast Asia to scale securely and independently, with a focus on its sovereign AI data platform fortified by military-grade encryption [7]
X @BSCN
BSCN· 2025-08-15 04:30
THE $48M BTCTURK HACK: WHAT WE KNOW- BtcTurk, one of Turkey’s largest crypto exchanges, has been hit by a $48M theft targeting its hot wallets, per blockchain security firm Cyvers.- The breach, detected on Aug. 14, forced the exchange to halt all crypto deposits and withdrawals. Trading and Turkish Lira transactions continue.- Blockchain security firm Cyvers says the attacker moved funds across Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon.- Most assets landed in two addresses, where th ...