这场变革催生了云原生安全的需求，而 SASE 正是为此而生的终极解决方案。 它将网络和安全服务在云端融合，为企业提供统一、高效、灵活的安 全保护。 划重点 ① Netskope 的 IPO，不仅仅是又一个科技独角兽的上市，更是云原生安全和 SASE 赛道加速成 熟的标志。其核心壁垒在于 SASE 架构的先发优势，以及由 AI 驱动的威胁防御和数据保护能 力。 ② 财务数据显示，Netskope 在保持 30%以上的营收高增速同时，年度经常性收入（ARR） 已 突破 7 亿美元，且亏损持续收窄，显示出其商业模式在规模化后的健康性和可持续性。 ③ RockFlow 投研团队认为，Netskope 正凭借其独特的产品集成能力和强大的客户粘性，成为 企业数字化转型浪潮中的关键受益者。如果公司能够成功执行其战略，有望在云安全这个万亿 市场中，成为值得长期关注的高潜力标的。 RockFlow 本文共2431字， 阅读需约11分钟 华尔街从不缺少故事，但真正值得关注的，往往是那些看似平静却暗流涌动的变革。正如 Klarna 上市背后是 BNPL 新消费金融的崛起，Netskope 的上市，则标志着云安全与 SASE（安全访 ...

Core Insights - Fortinet's stock has declined 15.56% year to date, despite strong operational performance and ongoing investments in AI and cloud security initiatives, leading to questions about whether current stock levels represent an opportunity or a value trap [1][7][14] Financial Performance - In Q2 2025, Fortinet reported revenues of $1.63 billion, a 14% year-over-year increase, and billings of $1.78 billion, up 15% [2][7] - Non-GAAP operating margins reached 33%, with gross margins maintained in the 79-81% range, indicating strong operational efficiency [3][7] - The company has raised its full-year 2025 billings guidance to between $7.325 billion and $7.475 billion, suggesting approximately 13% growth at the midpoint [3][7] Strategic Initiatives - Fortinet's focus on AI-powered security solutions is a key differentiator, with over 500 AI-related patents filed and integration of FortiAI technology across its Security Fabric platform [4][5] - The company's strategic pivot towards high-growth segments is reflected in the significant growth of Unified SASE ARR by 22% and Security Operations ARR by 35% year-over-year [2][4] Market Dynamics - The 2025 Fortinet Global Threat Landscape Report indicates a rise in AI-enabled cybercrime, highlighting the need for AI-powered defenses against evolving threats [5] - Fortinet's recognition as a leader in the 2025 Gartner Magic Quadrant for SASE Platforms underscores its competitive positioning and potential for sustainable advantages [5] Guidance and Expectations - For fiscal 2025, Fortinet expects revenues between $6.675 billion and $6.825 billion, with non-GAAP earnings per share projected in the range of $2.47-$2.53, reflecting solid growth but a deceleration compared to previous years [6][8] - Service revenues are anticipated to reach $4.550 billion to $4.650 billion in 2025, representing approximately 68% of total revenues, enhancing earnings quality and reducing volatility [8] Competitive Landscape - The cybersecurity sector remains highly competitive, with Fortinet facing pressure from established players like CrowdStrike and Zscaler, which have maintained strong market positions [10][14] - Fortinet's Price-to-Book ratio of 29.64x indicates a significant premium compared to the broader Zacks Security industry average, suggesting limited upside potential at current levels [11][14]

Enterprises may be cautious about adopting agentic artificial intelligence browsers, due to worries about the technology’s autonomy, Palo Alto Networks CEO Nikesh Arora said Thursday (Sept. 4).By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no ...

Core Insights - Zscaler, Inc. is a prominent player in the cloud security sector, providing solutions that facilitate secure connections between users and applications [1][2] - The company is positioned in a competitive landscape, contending with major firms like Palo Alto Networks and Fortinet [1] - A recent analysis set a price target of $340 for Zscaler, indicating a potential upside of 25.66% from its trading price of $270.58 [1] Market Performance - Zscaler participated in Citi's 2025 Global Technology, Media, and Telecommunications Conference, showcasing its strategic initiatives [2] - The company's market capitalization is approximately $41.77 billion, with a trading volume of 2,084,784 shares on NASDAQ [2] - Zscaler's stock has experienced significant volatility over the past year, with a high of $318.46 and a low of $153.45 [2] Investor Interest - The ongoing engagement in industry events and analyst attention positions Zscaler as a focal point for investors interested in the growth of cloud security solutions [3]

Core Insights - Zscaler's shares are down 2.9% to $266.49 despite surpassing earnings and revenue estimates with $0.89 per share and $719.23 million in revenue, indicating strong fourth-quarter performance driven by its AI-powered model, although a recent data breach may be affecting post-earnings momentum [1] Group 1: Stock Performance - If the current dip persists, it would mark three consecutive sessions of decline and the third post-earnings slump in the last five reports, representing the worst single-day performance in nearly a month, with an overall decline of 11% over the past three months [2] - The stock is currently facing a downtrend that began in early July, but the 120-day moving average and the $260 level may help contain losses as the stock attempts to regain earlier optimism [2] Group 2: Analyst Sentiment - Despite the decline, Zscaler received upgrades and price-target increases from at least nine firms, including JP Morgan and Barclays Securities, while Scotiabank Securities was among the few to issue a price cut; prior to the recent dip, 32 out of 43 analysts were bullish on the stock [3] Group 3: Options Market Activity - Options traders appear skeptical about a rebound, as the equity's 10-day and 50-day put/call volume ratios rank in the 83rd and 96th percentiles, respectively [4] - There has been significant activity in the options market, with 19,000 puts traded today, which is 14 times the usual amount, indicating heightened bearish sentiment; the most popular contract is the weekly 9/5 250-strike put [5]

Q2 FY26 Investor Presentation August 26, 2025 © Okta and/or its affiliates. All rights reserved. © Okta and/or its affiliates. All rights reserved. Confidential Information of Okta – For Recipient's Internal Use Only. Safe Harbor This presentation contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends a ...

Netskope Inc., a cloud security provider, filed for a US initial public offering, disclosing growing revenue and shrinking losses https://t.co/QuL2dsS2bO ...

Core Insights - Datadog, Inc. has achieved 'In Process' status for GovRAMP High Authorization, emphasizing its commitment to secure observability for the public sector [1][2] - This status allows Datadog for Government to support mission-critical workloads and sensitive data in regulated environments, facilitating digital transformation for state, local, and educational IT teams [2][3] Company Overview - Datadog is a monitoring and security platform for cloud applications, providing a unified, real-time observability and security solution across various technology stacks [5] - The platform integrates infrastructure monitoring, application performance monitoring, log management, user experience monitoring, and cloud security [5] Industry Context - Modern state, local, and educational organizations are navigating complex hybrid, multi-cloud, and edge environments while aiming to enhance public service delivery [4] - GovRAMP provides a standardized security framework for public sector organizations to evaluate cloud services against NIST 800-53 Rev. 5 controls, ensuring enhanced security and continuous monitoring [3]

Core Insights - Fortinet (FTNT) is experiencing strong momentum, with billings growing 15% year-over-year in Q2 to $1.78 billion, following a 13.5% increase in Q1, indicating a robust demand pipeline and positive outlook for future quarters [1][9] - Unified SASE and Security Operations (SecOps) solutions are key contributors to this growth, expanding 21% and 31% year-over-year, respectively, and now accounting for approximately 35% of total billings [2][9] - Management has raised the full-year billings outlook for fiscal 2025 to a range of $7.325-$7.475 billion, reflecting confidence in ongoing demand driven by cloud security and enterprise adoption [3][4][9] Financial Performance - For fiscal 2025, Fortinet's billings guidance suggests a 13.3% growth at the midpoint, supported by strong cloud security demand and a healthy renewal cycle [4] - Services billings increased by 17% year-over-year, marking the strongest growth in six quarters, which enhances the long-term revenue base [3] Competitive Landscape - Fortinet faces significant competition from Palo Alto Networks (PANW), which is enhancing its market position with advanced security solutions, reporting a 34% increase in cloud ARR to $5.09 billion [5] - Check Point Software (CHKP) is also solidifying its position in network security, experiencing double-digit growth in product and license revenues due to strong demand for its solutions [6] Valuation and Market Performance - Year-to-date, Fortinet shares have declined by 14.6%, underperforming the Zacks Security industry's 7.2% gain and the Zacks Computer and Technology sector's 13.7% rise [7] - Fortinet's current Price/Book ratio is 30X, which is higher than the industry average of 20.15X, indicating potential overvaluation [10] - The consensus estimate for fiscal 2025 earnings is $2.51 per share, reflecting a 5.91% year-over-year growth [12]

Alphabet's independent growth fund made a huge gain on this big AI winner over the last decade. Alphabet (GOOG 2.44%) (GOOGL 2.48%) is one of the biggest spenders on artificial intelligence (AI) in the world. During its second-quarter earnings call, CFO Anat Ashkenazi said that it would spend $85 billion this year on capital expenditures, up from her prior outlook of $75 billion. Two-thirds of that would go toward servers for training and running large language models. But Alphabet is also heavily invested ...