Core Insights - Netskope has announced the general availability of its enterprise security and AI integrations with Microsoft, enhancing data protection, threat prevention, and secure access for enterprise customers [1][9]. Integration with Microsoft Tools - The integration of Netskope One with Microsoft Purview provides comprehensive Data Loss Prevention (DLP) coverage, augmenting visibility and enforcement at the network layer with data classification and policies from Microsoft Purview [2]. - This integration expands Microsoft’s discovery and classification of sensitive data to tens of thousands of applications, including AI apps and unsanctioned cloud storage, ensuring increased consistency and policy enforcement across various environments [2]. - The Netskope One Advanced SSE integration with Microsoft Entra Global Secure Access (GSA) unifies security posture with Microsoft’s identity and access management, offering advanced DLP and Threat Protection capabilities [4]. CASB API for Microsoft 365 Copilot - The Netskope CASB API for Microsoft 365 Copilot is now available, providing advanced security and compliance controls for interactions with Microsoft 365 Copilot [6]. - This integration allows administrators to connect their managed Microsoft 365 Copilot instance to Netskope's CASB API, enhancing visibility and applying data-at-rest policies to ensure responsible AI adoption [6]. Industry Recognition - Netskope has been recognized as a leader in the 2025 Gartner Magic Quadrant for Security Service Edge and Secure Access Service Edge, as well as in the 2025 Forrester Wave for Secure Access Service Edge Solutions [7][8]. Strategic Collaboration - The collaboration between Netskope and Microsoft aims to empower organizations to embrace cloud and AI securely, facilitating a comprehensive Zero Trust architecture [9]. - The integrated solutions are available through the Microsoft Marketplace and Netskope Partners Worldwide, highlighting the commitment to meet the evolving needs of modern enterprises [9].

CUPERTINO, Calif., Nov. 17, 2025 (GLOBE NEWSWIRE) -- At the Microsoft Ignite 2025 event, Splashtop announced rising adoption of its solutions designed to make Microsoft Intune® and Microsoft Entra® more powerful for modern IT environments. As organizations expand use of Microsoft cloud services, Splashtop is gaining traction as a complementary platform providing remote access, passwordless authentication, remote support, and real-time endpoint automation to hybrid organizations. These capabilities align wit ...

Financial Data and Key Metrics Changes - The company reported Q3 2025 revenue of approximately $1.55 million, consistent with the first two quarters of the year, but down roughly $600,000 compared to the previous year due to timing of larger customer orders [4][14] - Year-to-date revenue for 2025 was slightly under $5 million, reflecting a decrease largely attributed to variability in order timing [4] - The net loss for Q3 2025 was $965,000 or $0.15 per share, compared to a net loss of $739,000 or $0.39 per share in Q3 2024 [16] Business Line Data and Key Metrics Changes - License fee revenue decreased to $918,000 in Q3 2025 from $1.4 million in Q3 2024, while service revenue increased slightly to $268,000 [14] - Hardware sales declined to approximately $364,000 in Q3 2025 from $436,000 in Q3 2024 due to timing of shipments [15] Market Data and Key Metrics Changes - The company experienced strong demand in the defense sector, with two of the largest global defense agencies using BIO-key technology [10] - The company is focusing on expanding its market reach in Europe, the Middle East, and Africa, particularly through channel sales efforts [7] Company Strategy and Development Direction - The company is advancing its channel sales efforts and has engaged an external marketing firm to enhance its marketing strategies and website content [7] - A significant update to the PortalGuard identity platform is expected to be released in late Q1 or early Q2 2026, which will modernize the platform and improve deployment capabilities [8] - The company is focusing on reducing operating expenses and achieving positive cash flow and profitability, having reduced operating expenses by over 10% in the first nine months of 2023 [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth prospects for the upcoming year, citing a strong pipeline of opportunities and the potential for significant contract renewals [12][39] - The company noted that the recent U.S. government shutdown did not impact its business operations [37] - Management highlighted the importance of biometrics in enhancing security and preventing fraud, positioning the company well in the current market [11] Other Important Information - The company raised approximately $3 million net of fees through a warrant exercise transaction, significantly improving its cash liquidity [13] - As of September 30, 2025, current assets totaled $3.7 million, including $2 million in cash, compared to $1.9 million in current assets at the end of 2024 [17] Q&A Session Summary Question: Was the National Bank of Egypt win a recurring revenue deal? - Management confirmed that it was an initial deployment with expectations for expanded deployment in the fourth quarter [19] Question: Are margins lower on the project with Raya? - Management stated that gross margins on software remain above 90% [20] Question: What is the current ARR? - Management indicated that the ARR is growing and estimated to be in the $6-$7 million range [26] Question: Will the longest U.S. government shutdown impact business? - Management confirmed that there was no impact from the government shutdown [37] Question: What led to the decision to provide formal guidance? - Management cited confidence from a solid pipeline of opportunities and results from investments in the partner network [34] Question: Are there any major upcoming renewals in 2026? - Management indicated that there are several renewals and expansions expected throughout the year [40]

Core Points - Netskope will release its financial results for Q3 fiscal 2026 on December 11, 2025, after market close [1] - A live conference call will be held on the same day at 2:00 pm PT / 5:00 pm ET to discuss the results [1] - The conference call will be accessible via the company's investor relations website, with a replay available afterward [2] Company Overview - Netskope is a leader in modern security and networking for the cloud and AI era, addressing the needs of security and networking teams [3] - The company provides optimized access and real-time, context-based security for users, devices, and data [3] - Thousands of customers, including over 30 of the Fortune 100, utilize the Netskope One platform, its Zero Trust Engine, and NewEdge network for enhanced security and performance [3]

Core Insights - Zscaler's 2025 ThreatLabz Mobile, IoT, and OT Threat Report highlights the increasing sophistication of malware attacks, with a significant rise in malicious applications targeting productivity tools [1][2] - The report indicates a 67% year-over-year increase in Android malware transactions, with 239 malicious apps identified on the Google Play Store, collectively downloaded over 42 million times [2][10] - The energy sector has seen a staggering 387% increase in attacks, emphasizing the growing threat to critical infrastructure [4][10] Mobile Threat Landscape - Malicious apps are primarily distributed through the "Tools" category, exploiting user trust in productivity applications, especially in hybrid work environments [3] - The top three countries for mobile attacks are India (26%), the United States (15%), and Canada (14%), with India experiencing a 38% increase in mobile threat attacks [7][10] - Adware has become the most prevalent mobile threat, accounting for 69% of cases, surpassing the Joker malware family [11] IoT and OT Threats - Manufacturing and Transportation sectors are the most targeted in IoT attacks, each representing 20.2% of all observed incidents, indicating a diversification of threat actor focus [5] - The Mirai family of malware accounts for approximately 40% of blocked IoT transactions, with Mozi and Gafgyt together making up about 75% of all malicious payloads in IoT environments [6] - The United States is identified as the epicenter for IoT threats, with 54.1% of IoT malware traffic originating from there [7][10] Recommendations and Solutions - A Zero Trust approach combined with AI-powered threat detection is recommended to mitigate the risks posed by evolving attacks [7] - Zscaler's Zero Trust Branch and Cellular solutions aim to enhance security for mobile and IoT devices, ensuring continuous verification and robust policy enforcement [12][13]

Financial Data and Key Metrics Changes - The company achieved revenue of $562 million, representing a year-over-year increase of 30.7% [5][21] - Gross margin was reported at 75.3%, within the long-term target range of 75% to 77% [5][23] - Operating profit reached $85.9 million, with an operating margin of 15.3%, an increase of 50 basis points year over year [5][25] - Free cash flow for the quarter was $75 million, or 13% of revenue, compared to $45.3 million, or 11% of revenue in the same period last year [26] Business Line Data and Key Metrics Changes - The number of large customers (those paying more than $100,000 per year) increased by 23% year over year, totaling 4,009 [5][22] - Revenue contribution from large customers grew to 73% of total revenue, up from 67% in the same quarter last year [5][22] - Dollar-based net retention rate improved to 119%, up 5 percentage points quarter over quarter [5][23] Market Data and Key Metrics Changes - U.S. revenue represented 50% of total revenue, increasing by 31% year over year [21][22] - EMEA accounted for 27% of revenue with a 26% year-over-year increase, while APAC represented 15% of revenue with a 43% year-over-year increase [21][22] Company Strategy and Development Direction - The company is transitioning from a product-led growth model to a true enterprise sales approach, which is driving larger deal sizes and increased sales productivity [6][33] - The focus on innovation and operational excellence is evident in the strong financial results and growth in customer metrics [20][28] - The company aims to achieve $5 billion in annualized revenue by Q4 2028, with a projected $3 billion annualized revenue run rate by Q4 2026 [29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the transformative potential of AI and the company's role in shaping the future of the internet [19][60] - The company is focused on ensuring that all businesses, regardless of size, can participate in the evolving digital landscape [63] Other Important Information - The company announced participation in upcoming technology conferences, indicating ongoing engagement with the industry [4] - A key executive, CJ Desai, is leaving the company to pursue a CEO role at another technology firm, which management views as a testament to the company's ability to develop leaders [6][9] Q&A Session Summary Question: What drove the acceleration in RPO growth this quarter? - Management attributed the acceleration to a transformation towards enterprise sales, increased average deal sizes, and strong performance from large customer cohorts [32][34] Question: Are sales productivity gains flattening out? - Management believes that sales productivity will continue to improve due to the caliber of new team members and the ramping up of sales capacity [39] Question: What advantages does the integration with Oracle OCI provide? - The integration allows Oracle customers to access Cloudflare's tools within OCI, facilitating a multi-cloud future with consistent security and network performance [40][41] Question: How is the company addressing capacity constraints in Workers? - Management stated that they are not capacity constrained due to their network architecture, which allows for efficient workload management across global resources [44][46] Question: What is the company's approach to quantum-safe security? - The company is proactively working on quantum-safe cryptography in partnership with Google, ensuring that security measures are in place ahead of potential future threats [73][75]

Financial Performance - Total revenue reached $1.67 billion in 2024, demonstrating a 31% compound annual growth rate (CAGR)[12] - Q3 2025 revenue was $562 million[12] - The company's non-GAAP gross margin was 75% as of Q3 2025[14] - The company projects revenue of $2.142 to $2.143 billion for fiscal year 2025, representing a 28% year-over-year growth[83] - The company projects operating income of $297 to $298 million for fiscal year 2025, resulting in a 14% operating margin[83] Customer Growth - The company had 295,000 paying customers as of Q3 2025[14] - Large customers (>$100,000 annualized revenue) totaled 4,009 as of Q3 2025, representing a 25% CAGR[12] - Revenue from large customers accounted for 73% of the total revenue[14] - The dollar-based net retention rate was 114% in Q3 2025[69] Market and Network Scale - The company estimates its large addressable market to be $181 billion in 2025[60] - The company's network spans 330 cities[14] - The company blocks an average of 234 billion cyber threats per day[32]

Core Insights - Zscaler has introduced new innovations in its Zscaler Digital Experience™ (ZDX™) that enhance enterprise productivity by enabling faster issue detection and resolution, achieving a 98% reduction in issue detection time and resolving issues in minutes [1][2][3] Group 1: ZDX Innovations - The new ZDX features provide end-to-end visibility and control, allowing enterprises to resolve issues quickly, thus minimizing downtime and enhancing user productivity [3] - ZDX unifies device, network, and application telemetry to facilitate rapid root-cause identification, addressing the estimated $400 billion annual losses from digital downtime [2][3] - The innovations include Network Intelligence, which identifies ISP bottlenecks and reroutes traffic to ensure fast connectivity, and Zscaler Managed Monitoring, which provides 24/7 monitoring of critical applications [6] Group 2: Market Positioning - Zscaler is positioned to meet the evolving demands of a dynamic, distributed, and AI-first world by consolidating security and networking functions through its globally distributed, multi-tenant cloud [3] - The shift from fragmented point solutions to unified platforms is highlighted as a key trend, with Zscaler leveraging AI to enhance user experience and accelerate issue resolution [3] Group 3: Operational Benefits - The new features allow organizations to monitor device health and performance, proactively addressing widespread issues, extending device lifecycles, and reducing hardware refresh costs [6] - By holding service providers accountable and ensuring compliance with SLAs, organizations can secure compensation and negotiate better terms, further enhancing productivity [6]

Core Insights - Palo Alto Networks, Inc. (PANW) is a global leader in cybersecurity with a market cap of $145.2 billion, providing AI-powered solutions for network, cloud, and operational security [1] Financial Performance - Analysts anticipate PANW to report an EPS of $0.50 for fiscal Q1 2026, reflecting a 22% increase from $0.41 in the same quarter last year [2] - For fiscal 2026, the expected EPS is $2.13, indicating a 29.9% growth from $1.64 in fiscal 2024 [3] Stock Performance - Over the past 52 weeks, PANW shares have increased by 20.2%, outperforming the S&P 500 Index's return of 18.4%, but lagging behind the Technology Select Sector SPDR Fund's 29.8% surge [4] - Following the Q4 2025 results announcement, PANW shares rose by 3.1% after reporting an adjusted EPS of $0.95 and revenue of $2.54 billion, along with a fiscal 2026 revenue forecast of $10.48 billion to $10.53 billion [5] Analyst Ratings - The consensus rating for PANW stock is "Moderate Buy," with 33 out of 48 analysts recommending "Strong Buy," three "Moderate Buys," 11 "Holds," and one "Strong Sell" [6] - The stock is currently trading above the average analyst price target of $218.26 [6]

Core Thesis - Zscaler, Inc. is positioned as a foundational security infrastructure provider, similar to Salesforce's role in enterprise software during the 2008 financial crisis, with unique advantages that competitors cannot replicate [2][6] Financial Performance - As of October 10th, Zscaler's share price was $309.88, with a forward P/E of 84.03 [1] - In Q4 FY25, Zscaler reported a 21% year-over-year revenue growth to $719 million, with operating margins reaching a record 22.1% and free cash flow exceeding estimates by 29% [3] Growth Dynamics - The company’s Z-Flex pricing model allows for flexible, consumption-based adoption, which helps mitigate the threat from Microsoft bundling and accelerates platform expansion [3] - High single-digit net new ARR growth and 22-23% total ARR growth indicate that two-thirds of expansion is driven by existing customer adoption, showcasing effective cross-selling across its Zero Trust, Data Security, and Agentic Operations modules [4] Future Outlook - Enterprise AI adoption is a significant catalyst, leading to a 3,500% increase in AI/ML transactions, positioning Zscaler as a control plane for agent-to-agent and agent-to-application communication [5] - Over the next three years, Zscaler could see ARR growth of 20-25%, with potential margin expansion depending on Z-Flex adoption, AI Security momentum, and cross-sell execution [5] Competitive Position - Zscaler is viewed as a rare investment opportunity in transformative infrastructure, with durable competitive advantages and accelerating platform adoption, which could lead to substantial long-term upside as the market recognizes its security infrastructure model [6]