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Cisco Shares Trade Near 52-Week High: What's Next for CSCO Investors?
ZACKS· 2025-07-10 15:36
Core Insights - Cisco Systems (CSCO) shares closed at $69.27, slightly below the 52-week high of $69.78, with a year-to-date appreciation of 17%, outperforming the broader sector and peer Extreme Networks [1][6] - The company's aggressive push into AI and growing security dominance are significant growth drivers, with over $1 billion in AI infrastructure orders secured ahead of schedule [2][6] - Cisco is expanding its AI portfolio for data centers with new solutions and partnerships, particularly with NVIDIA, which is expected to enhance its market position [3][9] Stock Performance - CSCO stock is trading above both the 50-day and 200-day moving averages, indicating a bullish trend [6] - The stock's year-to-date increase of 17% is notable, with strong demand in the security sector contributing to its performance [6][8] Security Business Growth - Cisco's security business is experiencing strong demand, with double-digit growth in orders for solutions like Cisco Secure Access and XDR [8] - The partnership with ServiceNow aims to enhance AI risk management and governance, further solidifying Cisco's position in the security market [10] Financial Guidance - For fiscal 2025, Cisco expects revenues between $56.5 billion and $56.7 billion, an increase from previous guidance, with non-GAAP earnings projected between $3.77 and $3.79 per share [13][14] - The Zacks Consensus Estimate for fiscal 2025 revenues is $56.59 billion, indicating a year-over-year growth of 5.18% [14] Valuation Concerns - Cisco shares are currently trading at a premium, with a forward 12-month price/sales ratio of 4.65X, higher than the industry average [15][18] - The stock is considered overvalued, which may lead to caution among investors [15][20] Long-term Prospects - Cisco's expanding portfolio and focus on AI and security position it well for sustained growth in the tech landscape [19] - Despite current challenges, the long-term outlook remains positive for investors holding the stock [19]
Can Platform Expansion Keep Aiding CyberArk's Subscription ARR Growth?
ZACKS· 2025-07-10 15:11
Core Insights - CyberArk (CYBR) reported a significant increase in subscription annual recurring revenues (ARR), reaching $1.03 billion, which is a 65% increase year-over-year [1][10] - The company's recurring revenues for the first quarter amounted to $298.2 million, constituting 94% of total revenues, driven by a higher proportion of self-hosted subscription deals [2] - Subscription ARR now represents nearly 85% of total ARR, up from 77% a year ago, indicating a strong shift towards recurring revenue models [2] Subscription Growth Drivers - A key factor in the growth of subscription revenues is CyberArk's success in cross-selling additional solutions to existing customers, leading to larger and more stable contracts [3][5] - Notable customer expansions include a Fortune 100 financial services firm that increased its engagement with CyberArk's offerings, and PDS Health, which expanded its use of CyberArk's machine identity solutions [4][5] Competitive Landscape - Competitors such as Zscaler (ZS) and SentinelOne (S) are also experiencing growth, with Zscaler reporting $2.9 billion in ARR, a 23% year-over-year increase, and SentinelOne reaching $948 million in ARR, reflecting a 24% growth [6][7] Financial Performance and Valuation - CyberArk's shares have increased by 21.6% year-to-date, slightly trailing the Zacks Security industry's growth of 25.7% [8] - The company trades at a forward price-to-sales ratio of 13.47, which is below the industry average of 15.07, indicating potential valuation upside [12] Earnings Estimates - The Zacks Consensus Estimate for CyberArk's earnings suggests a year-over-year increase of 26.4% for 2025 and 25.1% for 2026, although these estimates have been revised downward in the past month [15]
Bear of the Day: Cloudflare (NET)
ZACKS· 2025-07-09 11:21
Company Overview - Cloudflare is a $67 billion provider of global cloud services, offering a suite of integrated products including website and application services, developer-based solutions, CDN, and consumer offerings [1] - The company reported revenues of $1.67 billion in 2024, a 28.8% increase from the previous year, with approximately 48% of revenues derived from outside the United States [6] Business and Services - Cloudflare's offerings include website and application security solutions such as Web Application Firewall, bot management, and Distributed Denial of Service protection, as well as performance solutions like content delivery and load balancing [3][4] - The Cloudflare One platform is a Zero Trust network-as-a-service that provides network connectivity, security, and performance [5] Customer Base - As of 2024, Cloudflare had about 237,714 paying customers, including 3,497 large customers paying over $100,000 annually [6][9] Market Position and Competition - The company faces competition from on-premise network hardware vendors like Cisco and Palo Alto, as well as point solution vendors and public cloud service providers [7] - Despite valuation concerns, Cloudflare is projected to achieve 25% revenue growth this year, crossing $2 billion, with expectations to reach $2.5 billion next year [8] Financial Metrics - The stock is currently valued at 27X sales and over 200X EPS, with EPS growth projected at only 5% this year [2][9] - The extreme valuation may be driven by anticipated growth from Gen-AI video platforms, indicating a potential surge in content production [10]
Cooper University Health Care Selects Corero Network Security to Implement Zero Trust Admission Control
Prnewswire· 2025-07-07 11:00
Healthcare-first deployment of Corero's CORE ZTAC delivers real-time, zero trust protection across Cooper's digital infrastructure LONDON, July 7, 2025 /PRNewswire/ -- Corero Network Security (AIM: CNS) (OTCQX: DDOSF), the distributed denial of service (DDoS) protection specialists, today announced that Cooper University Health Care, South Jersey's leading academic health system, has selected Corero's CORE Zero Trust Admission Control (ZTAC) to strengthen its network access security. The deployment marks th ...
PANW's Platformization Gains Speed: Can it Multiply the Customer Base?
ZACKS· 2025-07-01 15:05
Core Insights - Palo Alto Networks (PANW) is successfully implementing its platformization strategy, leading to significant customer adoption across its product offerings in network, cloud, and security operations [1][4] - The company added over 90 new platformized deals in Q3 of fiscal 2025, totaling approximately 1,250 platformizations among its top 5,000 accounts [1][10] - Large transactions indicate a willingness among customers to invest in unified platforms, with notable deals including a $90 million contract with a global consulting firm and a $46 million deal with a financial services firm [2][3] Customer Adoption and Growth Potential - Customers utilizing multiple PANW platforms increased by nearly 70% year over year in Q3 [4] - Management aims for platformization to contribute significantly to its $15 billion Next-Gen Security Annual Recurring Revenue (ARR) target by fiscal 2030, with 60-70% expected from platformized customers [4] - Currently, only about 2% of PANW's over 70,000 customers are fully platformized, indicating substantial growth potential [4][10] Competitive Landscape - Competitors like Zscaler and SentinelOne are also enhancing their platforms to meet enterprise security needs [5] - Zscaler reported an ARR of $2.9 billion, growing 23% year over year, with its Zero Trust Exchange platform becoming a key growth driver [6] - SentinelOne achieved a 24% year-over-year growth in ARR, driven by the adoption of its AI-first Singularity platform [7] Financial Performance and Valuation - PANW shares have increased by 12.5% year to date, compared to the security industry's growth of 23.5% [8] - The company trades at a forward price-to-sales ratio of 12.92X, which is lower than the industry's average of 14.85X [12] - The Zacks Consensus Estimate for PANW's fiscal 2025 and 2026 earnings suggests year-over-year growth of 15.1% and 11.2%, respectively, with recent upward revisions in estimates [15]
Gorilla Technology Taps $105M to Support Bid Bonds & Growth Plans
ZACKS· 2025-07-01 14:36
Core Insights - Gorilla Technology Group Inc. (GRRR) announced a $105 million direct offering of common stock, including a $100 million investment from a new institutional investor [1][2] - The company will sell 6 million shares at $17.50 per share, which is a significant discount from its previous closing price of $22.38 [4][8] - The fresh capital will enhance Gorilla's ability to pursue large-scale projects and fund previously announced acquisitions [2][5] Funding and Acquisitions - The funding will support acquisitions, bid bonds, and growth in AI and smart city technologies [8] - Gorilla Technology agreed to acquire two Thai tech firms, CNS and its subsidiary CANS, to gain access to their AI platforms and customer base in Thailand [3][8] Market Position and Performance - Gorilla Technology's shares have gained 10.1% year to date, outperforming the broader industry [7] - The company trades at a forward price-to-sales ratio of 3.25X, above the industry average of 2.86X, with a Zacks Consensus Estimate for 2025 earnings implying a 115.8% improvement year over year [9]
jamf(JAMF) - 2021 Q4 - Earnings Call Presentation
2025-06-30 13:47
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FTNT's Unified SASE Strategy Drives Growth: Hold or Fold the Stock?
ZACKS· 2025-06-26 16:01
Core Insights - Fortinet is enhancing its enterprise cybersecurity position through a unified Secure Access Service Edge (SASE) strategy, integrating next-generation firewall, SD-WAN, secure web gateway, and Data Loss Prevention (DLP) into a single operating system, FortiOS [1] - The company is experiencing strong momentum, with unified SASE billings growing 18% year over year, representing 25% of total billings [3] - Fortinet's share price has gained 9.8% year-to-date, underperforming the Zacks Security industry's growth of 23.8% [9] Company Developments - Fortinet's SASE journey typically begins with FortiGate firewalls, expanding to SD-WAN and FortiSASE, with 73% of large enterprises expected to adopt SD-WAN by Q1 2025, and FortiSASE penetration rising to 11% [2] - The company is strengthening its SASE architecture with cloud-native solutions to secure hybrid and multi-cloud environments, including updates to FortiCNAPP and new services like FortiAppSec Cloud [4] - Enhancements to FortiMail and FortiDLP are expanding protection to browsers and collaboration apps, which are crucial for SASE [5] Competitive Landscape - The cybersecurity market is highly competitive, with key rivals including Palo Alto Networks, Zscaler, and CrowdStrike [6] - Competitors are driving growth through strategic partnerships and acquisitions, highlighting the intense competition Fortinet faces [7][8] Financial Performance - Fortinet's valuation is a concern, with a Price/Book ratio of approximately 40.40, significantly above the industry's 24.95 [15] - For Q2 2025, Fortinet expects revenues between $1.59 billion and $1.65 billion, indicating a growth of 13% at the midpoint, with non-GAAP earnings per share projected between 58-60 cents [18] - The Zacks Consensus Estimate for Q2 2025 revenues is $1.62 billion, suggesting a year-over-year growth of 12.94% [19] Investor Sentiment - Despite strong SASE growth and new cloud-based offerings, tough competition and cautious guidance suggest limited short-term gains for Fortinet's stock [22] - The company has consistently beaten earnings estimates, with an average surprise of 23.83% over the trailing four quarters [21]
Zscaler's Platform Keeps Growing: Is Zero Trust Everywhere the Key?
ZACKS· 2025-06-26 14:41
Core Insights - Zscaler is expanding its Zero Trust Exchange with a new initiative called Zero Trust Everywhere, which extends Zero Trust security to Cloud workloads and Branches [1] Company Performance - In Q3 of fiscal 2025, Zscaler reported over 210 Zero Trust Everywhere enterprises, marking a sequential growth of 60% [2] - 59% of Zero Trust Branch buyers were new logo customers, indicating strong early demand [2] - Zscaler aims to exceed 390 customers by the end of fiscal 2026 [2] - The company launched Unified Appliance for Branch in Q3, simplifying branch infrastructure and eliminating the need for SD-WAN, Firewall, NAC, and legacy segmentation [2] Product Development - Zscaler secured a seven-figure annual contract with a financial services customer for Cloud workload protection [3] - New product launches include Zero Trust Gateway for Cloud Workloads, a cloud-native service on AWS that secures workload communications in under 10 minutes [3] - Zscaler introduced Microsegmentation for Cloud Workloads, providing granular host and process-level segmentation policies using AI-driven technology [4] Market Position - If adoption continues at this pace, Zero Trust Everywhere could become a foundational layer for Zscaler's future growth [5] - Zscaler's shares have surged 73% year to date, outperforming the Security industry's growth of 22.7% [9] Valuation and Earnings Estimates - Zscaler trades at a forward price-to-sales ratio of 15.34X, slightly above the industry average of 14.79X [12] - The Zacks Consensus Estimate for fiscal 2025 earnings implies a year-over-year decline of 0.31%, while fiscal 2026 earnings are expected to grow by 12.01% [15]
Will GenAI and SaaS Adoption Fuel Zscaler's Data Security Expansion?
ZACKS· 2025-06-17 16:15
Core Insights - Zscaler (ZS) is experiencing strong momentum in its Data Security Everywhere strategy, which is becoming essential across all industries due to the rise of GenAI and security-as-a-service (SaaS) usage [1][4] Group 1: Data Security Expansion - In Q3 FY25, Zscaler's data security capabilities now encompass structured and unstructured data, both in motion and at rest, across various channels including web, email, SaaS, endpoints, and GenAI applications [2][9] - A Fortune 50 automotive customer signed a seven-figure Annual Contract Value (ACV) deal, increasing their annual spend with Zscaler by over 50% to well above $10 million after adopting six out of eight data security modules [3][9] - Zscaler secured another seven-figure ACV deal with a new Fortune 100 food and beverage company, further demonstrating the traction of its data security strategy beyond regulated sectors [4][9] Group 2: Competitive Landscape - Competitors like Palo Alto Networks (PANW) and CrowdStrike (CRWD) are also adapting their platforms to meet enterprise security demands, with PANW highlighting the growing traction of its Prisma Access Browser [5] - CrowdStrike is leveraging its Charlotte AI to enhance automated and scalable cybersecurity, positioning it as a key differentiator in the market [6] Group 3: Financial Performance and Valuation - Zscaler's shares have surged 69.1% year to date, significantly outperforming the Security industry's growth of 20.2% [7] - Zscaler trades at a forward price-to-sales ratio of 15.1X, slightly above the industry average of 14.52X [11] - The Zacks Consensus Estimate for Zscaler's fiscal 2025 earnings indicates a year-over-year decline of 0.31%, while fiscal 2026 earnings are expected to grow by 12.13% [14]