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Can Cybersecurity Innovations Help Backblaze Sustain Growth Ahead?
ZACKS· 2025-10-10 18:06
Core Insights - Backblaze's strategic shift towards cybersecurity innovations positions the company for sustained growth, capitalizing on the increasing demand for data protection and artificial intelligence solutions [1][4] - The company has reported a 16% year-over-year revenue increase in Q2 2025, with B2 Cloud Storage revenue rising by 29%, and expects Q3 revenue to be between $36.7 million and $37.1 million, reflecting a year-over-year growth of 28-30% [3][4] Company Developments - Backblaze is enhancing its enterprise security architecture with tools like AI-powered Anomaly Alerts and the Enterprise Web Console, which improve threat detection and data visibility [2][8] - The Zacks Consensus Estimate for Q3 2025 B2 Cloud Storage revenues is projected at $20.88 million, indicating a 29.05% year-over-year increase, showcasing confidence in the company's growth trajectory [4][8] Competitive Landscape - Backblaze faces competition from Dropbox and Datadog, both of which are intensifying their focus on cybersecurity innovations, integrating AI-based analytics for enhanced data visibility [5] - The competitive environment is becoming increasingly challenging as these companies enhance their threat detection and security monitoring capabilities [5] Financial Performance - Backblaze's shares have increased by 66% year-to-date, outperforming the Zacks Internet-Software industry and the Computer and Technology sector, which returned 19.7% and 24.4% respectively [6] - The company is trading at a forward 12-month price-to-sales ratio of 3.47X, which is lower than the industry's 5.57X, indicating a potentially favorable valuation [10] Earnings Outlook - The Zacks Consensus Estimate for Backblaze's Q3 2025 loss is projected at a penny per share, reflecting a 90% improvement year-over-year [12]
X @TechCrunch
TechCrunch· 2025-10-10 16:20
Staffers at U.S. cybersecurity agency CISA have been reassigned to ICE and CBP as part of the Trump administration’s crackdown on immigration. https://t.co/MkeT35fhSv ...
U.K. Public Sector Advances Digital Transformation
Businesswire· 2025-10-10 09:00
Core Insights - The U.K. public sector is undergoing significant digital transformation, focusing on cloud adoption, cybersecurity, and AI integration to enhance service delivery and innovation [1][2][3] Digital Transformation and Budgeting - Public sector organizations in the U.K. are planning to increase their budgets for transformation through third-party services, driven by the government's digital roadmap [2][4] - There is a push for agile digital development while upgrading legacy systems, although digital maturity remains low due to skills shortages and outdated infrastructure [3][4] Service Delivery and User Experience - Government bodies are expanding user-centric online platforms and improving interoperability across departments to enhance transparency and service delivery [4] - The integration of AI and advanced analytics is aimed at streamlining operations and improving citizen experience [4][5] Cloud Migration and Security - Transitioning from legacy software to cloud services is crucial for increasing resilience and scalability in the public sector [5] - Public sector organizations are prioritizing cybersecurity due to a threefold increase in cyberattacks, focusing on risk management and continuous threat monitoring [6][7] Provider Evaluation and Leadership - The 2025 ISG Provider Lens report evaluates 36 providers across five quadrants, naming Capgemini and IBM as Leaders in five quadrants each [9][10] - NTT DATA and PwC are recognized as Leaders in four quadrants, while several other firms are acknowledged in varying capacities [10][11] Customer Experience Recognition - Capgemini is named the global ISG CX Star Performer for 2025, achieving the highest customer satisfaction scores in ISG's Voice of the Customer survey [12]
X @The Economist
The Economist· 2025-10-09 21:40
Buying insurance that protects against such losses would encourage firms not just to try to stop attackers getting in, but also to ensure their computer systems can recover quickly https://t.co/LwIhbly0cz ...
Rapid7 to Report Third Quarter 2025 Financial Results on November 4
Globenewswire· 2025-10-09 20:01
Core Insights - Rapid7, Inc. will release its third quarter 2025 financial results on November 4, 2025, after market close [1] - A conference call to discuss the results and business outlook will take place on the same day at 4:30 p.m. Eastern Time [1] Company Overview - Rapid7, Inc. is focused on creating a safer digital world by simplifying and making cybersecurity more accessible [3] - The company provides comprehensive security solutions to over 11,000 global customers, integrating cloud risk management and threat detection [3]
Lynch Carpenter Investigates Claims in AppFolio Data Breach
Globenewswire· 2025-10-09 19:09
Core Insights - AppFolio, Inc. announced a cybersecurity incident affecting personal information of an unspecified number of individuals, including names, addresses, dates of birth, and Social Security numbers [1] Group 1: Company Overview - AppFolio is a real estate platform that has recently faced a data breach impacting personal identifiable information [1] Group 2: Legal Implications - Lynch Carpenter, LLP is investigating claims against AppFolio related to the data breach, indicating potential legal repercussions for the company [2] - Individuals who received a data breach notification from AppFolio may be entitled to compensation, suggesting a significant legal and financial risk for the company [2]
Beyond phishing: Cyber threats in the age of AI with Four Flynn (pt. 1)
Google DeepMind· 2025-10-09 18:27
Social engineering, cyberattacks, and the fog of war - all topics covered in this interview with the VP of Security and Privacy at Google DeepMind. Hannah Fry and Four Flynn take us behind the scenes of Operation Aurora, the monumental 2009 attack on Google that forever changed the landscape of cybersecurity. They discuss the defender's dilemma, the constant battle between attackers and defenders in the digital world, and how AI can potentially help mitigate some of the most complex vulnerabilities. As Hann ...
ZScaler, IBD Stock Of The Day, Eyes Breakout After Cybersecurity Firm's 74% Rally
Investors· 2025-10-09 17:40
Information in Investor's Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or perfo ...
X @TechCrunch
TechCrunch· 2025-10-09 17:21
The mass-hacks targeting Oracle E-Business customers is the latest hacking campaign by Clop, an extortion group known for abusing security flaws in enterprise products to steal large amounts of sensitive data. https://t.co/rQ33dqzGWH ...
European Commission Awards Cybersecurity Contract to Unisys-Led Consortium
Prnewswire· 2025-10-09 13:00
Core Insights - Unisys has been selected by the European Commission to provide critical cybersecurity services to 71 public entities in the EU as part of the Cybersecurity Professional Services Framework Contract (FREIA) [1][2] - The EUCybersafe Consortium, led by Unisys and including partners Uni Systems and Wavestone, aims to enhance operational cyber resilience in response to increasing digital threats [1][2][3] Group 1: Contract Details - The four-year contract will deliver essential services such as risk management, secure architecture design, incident response, and threat intelligence to key EU institutions including the European Commission, the Council, and the European Parliament [2] - A June 2025 report by the European Commission highlights that nearly 20% of cyber attacks target public administration organizations, underscoring the need for robust cybersecurity measures [2] Group 2: Company Profiles - Uni Systems has been a strategic ICT partner since 1964, providing integrated solutions and services across more than 20 countries, focusing on complex IT projects [5] - Wavestone, a leading consulting partner, supports major companies in strategic transformations, leveraging expertise at the intersection of technology and business [6] Group 3: Unisys Cybersecurity Solutions - Unisys offers a range of cybersecurity solutions including Continuous Threat Exposure Management, Managed Detection and Response, and Cyber Recovery, all designed to address evolving threats and ensure operational continuity [7]