Core Insights - Zscaler reported a strong quarter, exceeding expectations in both revenue and operating income, with a year-over-year revenue growth of 26% and an Annual Recurring Revenue (ARR) growth of 25% [2][3] Financial Performance - The company achieved a record level of operating income for the period and has consistently exceeded the "Rule of 40," indicating a disciplined growth approach [3] - Net new business for the first half of the year, excluding the acquisition of Red Canary, increased by 10%, compared to just 1% in the previous year [4] - Guidance for net new ARR has been raised to 9.5% for the year, up from the original guidance of 6.7% [4][5] Market Demand and Trends - There is broad-based demand across all metrics, particularly in the context of escalating cyber threats and the growing importance of AI in cybersecurity [6][7] - Zscaler's focus on zero trust inline communication is seen as essential for securing autonomous agent-to-agent communications [7] Growth Strategy - The company continues to pursue both organic growth and growth through acquisitions, with a focus on integrating leading-edge technology into its platform [10][11] - Zscaler has completed three acquisitions this year, with Square X being the most recent, aimed at expanding the breadth of its platform [11] Competitive Landscape - Zscaler is the largest security cloud globally, operating over 160 data centers and processing more than 50 billion transactions daily, which is significantly higher than the daily Google searches [12][13] - The company has not observed notable shifts in the competitive landscape and reports stronger pipeline conversion and visibility going into the second half of the year [14]

分组1: Dell Technologies - Dell's stock is up over 10% despite a volatile market, marking a significant performance in the tech sector [1] - The company reported an EPS of $3.89, a 45% increase from $2.68 last year, and beat estimates of $3.52 [2][3] - Sales increased by 39% year-over-year to $33.3 billion, surpassing the expected $31.9 billion, compared to nearly $24 billion last year [3] - Infrastructure services grew by 73%, and the server business saw a remarkable 123% increase [3] - Dell has raised its guidance for the server business for AI computing to 103% for the full fiscal year 2027, with EPS guidance increased to $2.90 from $2.39 [4] 分组2: CoreWeave - CoreWeave reported a negative EPS of $0.56, missing the estimate of $0.50, but achieved a sales growth of 110% to $1.57 billion [5] - Total revenues for the year reached $5.1 billion, up 168% year-over-year, with guidance for sales between $12 billion and $13 billion [6] - The current contract backlog is reaffirmed at $67 billion, but the market is punishing stocks that are not profitable [7] 分组3: Zscaler - Zscaler's stock has decreased by about 37% over the last six months, despite a strong earnings report [8] - The company reported an EPS of $1.00, up 29% from $0.78 last year, beating the estimate of $0.89, with sales of $815 million, a 26% increase [9] - Free cash flow guidance increased by 18%, and average recurring revenue guidance rose to $3.74 billion [10] - Despite a good report, Zscaler faces challenges due to competitive threats from AI and is trading at high earnings multiples of 35 to 40 times forward earnings [11]

1 Q4 2025 Earnings Feb 25th , 2026 Allot Q4-25 Earning EYAL HARARI Chief Executive Officer LIAT NAHUM Chief Financial Officer 2 Forward Looking Statements This presentation contains forward-looking statements, which express the current beliefs and expectations of Company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements set forth in su ...

Thank you. Hello and welcome to the Morning Filter podcast. I'm Susan Jabinsky with Morning Star.Every Monday before market open, I sit down with Morning Star chief US market strategist Dave Sakara to talk about what investors should have on their radars for the week, some new Morning Star research, and a few stock ideas. All right. Well, grab your coffee because Dave and I have a lot of ground to cover this morning.Now, last Friday's Supreme Court ruling struck down some of the Trump administration's tarif ...

Core Viewpoint - Cybersecurity stocks are experiencing downward pressure following Palo Alto Networks' earnings report, with analysts expressing concerns over guidance despite strong quarterly numbers [1][4][11]. Financial Performance - Palo Alto Networks reported earnings of $1.03 per share, exceeding expectations of $0.94, and revenue of $2.59 billion, slightly above the anticipated $2.58 billion [4]. - Guidance for the fiscal third quarter is projected at $0.78 to $0.80 per share, falling short of the $0.92 estimate, while revenue is expected to be between $2.94 billion and $2.95 billion, surpassing the $2.6 billion estimate [5]. Analyst Reactions - Analysts have lowered price targets for Palo Alto Networks, with Morgan Stanley adjusting theirs to $223 from a higher figure, while maintaining an overweight rating [6]. - Baird reduced their target from $240 to $220, and Bernstein made a minor adjustment from $210 to $209, both retaining positive ratings [7][8]. - Overall, despite the price target reductions, analysts remain bullish on the company's long-term prospects, particularly due to its focus on higher growth recurring revenue [9][10]. Market Sentiment - The cybersecurity sector is under pressure from broader market concerns, including fears related to AI disruptions, which are affecting stock performance [2][11]. - There is a noted increase in retail buying of tech stocks, contrasted with institutional shorting, indicating a mixed market sentiment [18]. Strategic Insights - A stock strategist suggests that there may be value in Palo Alto Networks for both short-term and long-term investors, particularly at current price levels [12][14]. - The overall earnings report is viewed as slightly bullish, with revenue exceeding expectations, although concerns remain regarding organic growth in the second half of the year [15].

Core Insights - Sealing Technologies (SealingTech), a subsidiary of Parsons Corporation, has received an Intent to Award notification from the United States Cyber Command for a sole-source contract to produce the Joint Cyber Hunt Kit solution, with a potential value of up to $500 million over three years [1][2]. Group 1: Company Developments - The contract marks a significant step in SealingTech's collaboration with the Department of War's Defense Innovation Unit and USCYBERCOM, focusing on advanced defensive cyber technologies [2]. - Parsons acquired SealingTech in 2023 to enhance its cyber operations capabilities for the Defense and Intelligence sectors, aiming to solidify its leadership in national security [2][3]. - SealingTech has a decade-long history of supporting the U.S. Department of War, having deployed over 500 Cyber Fly-Away Kits for critical national security missions [3]. Group 2: Strategic Vision - Parsons emphasizes its commitment to providing mission-ready solutions that ensure the U.S. military's operational superiority [3]. - The collaboration with DIU and USCYBERCOM aims to advance next-generation defensive cyber capabilities, enhancing the tactical advantage of warfighters [4]. - Parsons integrates various cyber capabilities, including offensive and defensive operations, to deliver transformative solutions that support multi-domain operations [4].

Southwest Airlines - Southwest Airlines shares increased by over 3.5% following a bullish upgrade from UBS, which raised its price target to $73, indicating a potential upside of about 40% from previous closing levels [2][3] - UBS estimates that the new seating model and potential bag fees could significantly enhance earnings, projecting an increase of approximately $2.70 per share by 2027 [3] - The firm anticipates that earnings could rise from under $1 in 2025 to above $6 by 2027 due to the introduction of bag fees, suggesting substantial growth potential for the airline [4] Dollar Tree and Dollar General - Dollar Tree received an upgrade to a buy from Redburn, with its price target more than doubled to $165, reflecting strong confidence in its post-restructuring growth [6][7] - Analysts forecast approximately 12% earnings growth for Dollar Tree, indicating it is at a strategic inflection point, while Dollar General was downgraded to a sell with a price target of $111, suggesting a less favorable outlook [8][10] - Despite Dollar General's recent strong performance, analysts believe its current valuation is not justified given its lower sales outlook and margin structure compared to historical growth [9][10] Palo Alto Networks - Palo Alto Networks is expected to report earnings of 93 cents on an adjusted basis, with revenue anticipated to exceed $2.58 billion [12] - Muho has lowered its price target for Palo Alto to $205 from $220 while maintaining an outperform rating, reflecting a cautious outlook amid broader market challenges affecting the software sector [13] - Analysts remain optimistic about Palo Alto's potential for strong earnings despite the recent market pressures on cybersecurity stocks [14]

Core Insights - Check Point Software Technologies has been recognized as a Leader and Fast Mover in the GigaOm Radar for Cloud Network Security 2025, marking its third consecutive year in the top position [1][3] - The company is noted for its prevention-first architecture, unified cloud security platform, and consistent pace of innovation, supported by its Open Garden strategy for native integrations across cloud environments [1][3] Group 1: Innovation and Architecture - Check Point maintains a strong pace of innovation, leveraging its core networking strengths to build a unified platform that adapts to modern organizational needs [2] - The GigaOm ranking highlights Check Point's ability to deliver high-efficacy protection while simplifying security for enterprises operating in hybrid and multicloud environments [3] Group 2: Key Strengths and Customer Impact - Key strengths recognized by GigaOm include Check Point's unified Infinity architecture, strong prevention capabilities, and operational simplicity [3] - The recognition reinforces Check Point's commitment to providing strong cloud security with unified visibility and a seamless customer experience, ultimately enhancing digital trust and reducing complexity for customers [3] Group 3: Ecosystem and Integration - Check Point's Open Garden strategy continues to expand choice and interoperability across the cloud ecosystem, allowing organizations to integrate best-of-breed tools without compromising security efficacy [3] - The company utilizes AI-powered solutions to protect over 100,000 organizations globally, emphasizing its industry-leading security efficacy while reducing risk [5]

Core Viewpoint - The AI trade is experiencing significant challenges this year, with major tech stocks (MAG 7) facing declines and a shift in market leadership towards other sectors, indicating a need for stock picking rather than passive investment strategies [2][3][4]. Market Performance - The S&P 500 is flat year-to-date, but there is notable dispersion in returns: 43% of the index is up over 10%, and nearly 18% is up 20% or more, while 17% are down double digits and 7% are down more than 20% [4][5]. - Energy, materials, and staples are leading the S&P 500 with double-digit gains, suggesting a potential defensive trade as investors seek stability amid uncertainty in the AI sector [5][7]. AI Trade and Market Dynamics - The current market sentiment reflects a "sell first, ask questions later" approach, leading to derating in the software sector, particularly affecting cybersecurity stocks [9][10]. - Analysts may need to adjust their expectations to align with the current price reactions, indicating a potential for a choppy market until clearer revenue trends emerge [11][12]. Spending and Growth Concerns - There is heightened scrutiny on big tech spending, with a balancing act between excessive capital expenditures (capex) on AI and the risk of slowing growth if spending is curtailed [13][14]. - A significant pullback in capex could negatively impact the growth backdrop of the U.S. economy, highlighting the delicate balance investors must navigate [14]. Sentiment and Positioning - A reset in sentiment narratives is occurring as momentum trades unwind, leading to increased volatility and potential outsized market moves [15][17]. - The influx of capital into narrow market segments has created a precarious situation, where any sudden shifts could lead to significant market corrections [16][17]. Emerging Markets - The company has maintained a strong overweight position in emerging markets, particularly in Latin America, due to diverse sector exposure and favorable geopolitical conditions [18][19]. - Recent profit-taking has occurred, but there is an intention to reinvest if market conditions allow for a pullback [19][20].

Does Thiel include in this the likely Israeli intelligence assets at Palantir and several other important cyber security companies?Zarathustra (@zarathustra5150):Peter Thiel has warned that Silicon Valley is festering with foreign spies, driving rampant corporate espionage and IP theft. He singled out Google as a prime example, saying it has been infiltrated, in his words, “all the way to the top”. https://t.co/FpZM4kkpxv ...