Core Viewpoint - Sekur Private Data Ltd. has successfully closed its non-brokered private placement, as announced in a previous press release dated January 9, 2026 [1] Group 1 - Sekur is a leading Swiss hosted cybersecurity and privacy communications platform [1]

Core Insights - Palo Alto Networks (PANW) is experiencing significant growth in its Secured Access Service Edge (SASE) business, with SASE ARR increasing by 34% year over year, surpassing $1.3 billion and serving approximately 6,800 customers, including one-third of the Fortune 500 [1][9] SASE Business Growth - The SASE business had a strong quarter, with notable enterprise wins, including a $33 million deal with a large U.S. cabinet agency covering 60,000 seats, which replaced an existing provider [3][9] - The growth in SASE is supported by the increasing demand for a unified platform that offers visibility across firewall setups and remote endpoints [3] Secure Browsers Momentum - PANW reported strong momentum in secure browsers, selling over 7.5 million browsers in the first quarter, with bookings nearly quadrupling year over year [2][9] - The rise of AI tools and "agentic browsers" in the workplace has created security gaps, which PANW's secure browser aims to address, providing an additional layer of protection for users [2] Competitive Landscape - Key competitors in the SASE space include Zscaler and Fortinet, both of which are expanding their offerings in browser-based security and SASE solutions [5][6] - Zscaler is seeing demand from customers transitioning from legacy VPNs to its zero-trust architecture, while Fortinet's Unified SASE ARR grew by 13% year over year [5][6] Financial Performance and Estimates - PANW's shares have decreased by 6.4% over the past six months, compared to a 10.5% decline in the Zacks Security industry [7] - The Zacks Consensus Estimate indicates revenue growth of approximately 14.1% for fiscal 2026 and 13.2% for fiscal 2027, with earnings growth estimates of 14.9% and 12.3% respectively [4][14]

Company Announcement - Tenable Holdings, Inc. will release its financial results for the fourth quarter and full year ended December 31, 2025, after the U.S. market close on February 4, 2026 [1] - A conference call will be held on the same day at 4:30 p.m. ET to discuss the results [1] Investor Relations - A live webcast of the conference call will be available on the Tenable Investor Relations website [2] - Domestic dial-in number is 1-877-407-9716 and international dial-in number is 1-201-493-6779 [2] - An archived replay of the call will be available after the event [2] Company Overview - Tenable is an exposure management company that addresses cybersecurity gaps affecting business value, reputation, and trust [3] - The company offers an AI-powered exposure management platform that unifies security visibility, insight, and action across various environments [3] - Tenable serves approximately 44,000 customers globally, helping to reduce business risk associated with security exposure [3]

Core Viewpoint - Truist has lowered the price target for Check Point (CHKP) to $225 from $250 while maintaining a Buy rating, indicating a cautious yet optimistic outlook for the cybersecurity sector in Q4 [1] Group 1: Company Insights - Check Point (CHKP) is expected to report strong performance in calendar Q4, with a conservative guidance approach that may lead to a continued beat-and-raise trend for 2026 [1] - The firm’s conversations with IT budget holders and software sellers suggest that demand and the macro environment remain stable, with ongoing momentum in Security & AI initiatives [1] Group 2: Industry Trends - The software equity sector, including cybersecurity, is facing significant pressure as investors shift focus towards AI hardware, which has contributed to a decline in the IGV – iShares Expanded Tech-Software Sector ETF, down approximately 7% in the early weeks of trading [1] - Concerns regarding AI-driven competitive disruption, slow monetization of AI features, prolonged high interest rates, and geopolitical shocks are impacting the overall sentiment in the software sector [1]

Core Viewpoint - Truist has lowered the price target for Cloudflare (NET) to $225 from $275 while maintaining a Buy rating, indicating a cautious yet optimistic outlook for the cybersecurity sector in Q4 [1] Group 1: Company Insights - Cloudflare's price target adjustment reflects a broader research note on the cybersecurity sector, which is expected to report strong performance in calendar Q4 [1] - The firm anticipates that companies will adopt a conservative approach for guidance, potentially leading to a "beat-and-raise" trend for 2026 [1] Group 2: Industry Trends - Conversations with IT budget holders and software sellers suggest that demand and the macro environment remain stable, with ongoing momentum in Security & AI initiatives [1] - Despite the positive outlook, software equities are facing significant pressure as investors shift focus towards AI hardware, contributing to a decline of approximately 7% in the IGV – iShares Expanded Tech-Software Sector ETF in the early weeks of trading [1] - Concerns regarding AI-driven competitive disruption, slow monetization of AI features, prolonged high interest rates, and geopolitical shocks are impacting the sector [1]

Core Viewpoint - Truist analyst Junaid Siddiqui has lowered the price target for CyberArk (CYBR) to $455 from $520 while maintaining a Hold rating on the shares, indicating a cautious outlook for the cybersecurity sector in Q4 [1] Group 1: Company Performance - CyberArk is expected to report a strong calendar Q4, with a conservative guidance approach that may lead to a continued beat-and-raise cadence for 2026 [1] - Conversations with IT budget holders and software sellers suggest that demand and the macro environment remain stable, with ongoing momentum in Security & AI initiatives [1] Group 2: Market Environment - Software equities, including those in the cybersecurity sector, are facing significant pressure as investors shift focus towards AI hardware [1] - Concerns regarding AI-driven competitive disruption, slow monetization of AI features, prolonged high interest rates, and geopolitical shocks are impacting the sector, contributing to a decline of about 7% in the IGV – iShares Expanded Tech-Software Sector ETF in the early weeks of trading [1]

Core Viewpoint - Truist has lowered the price target for Fortinet (FTNT) to $88 from $95 while maintaining a Buy rating, indicating a cautious outlook for the cybersecurity sector in Q4 [1] Group 1: Price Target and Ratings - Truist reduced Fortinet's price target to $88 from $95 but retains a Buy rating on the shares [1] Group 2: Q4 Expectations - Companies in Truist's coverage are expected to report strong performance in calendar Q4, with a conservative approach to guidance that could lead to a continued beat-and-raise trend for 2026 [1] Group 3: Market Dynamics - Conversations with IT budget holders and software sellers suggest that demand and the macro environment remain stable, with ongoing momentum in Security & AI initiatives [1] - Despite this, software equities are facing pressure as investors shift focus towards AI hardware, with concerns about AI-driven competition, slow monetization of AI features, and sustained high interest rates impacting the sector [1] Group 4: Sector Performance - The iShares Expanded Tech-Software Sector ETF (IGV) has declined approximately 7% in the first few weeks of trading, reflecting the broader challenges faced by the software sector [1]

Core Insights - CrowdStrike's Total Economic Impact study reveals that organizations replacing legacy endpoint security with CrowdStrike achieve a 273% return on investment (ROI) and $5 million in total quantified benefits over three years, with a payback period of under six months [1][6]. Economic and Operational Value - The study highlights significant economic and operational advantages from endpoint consolidation and modernization, emphasizing that modern endpoint security is not only more effective but also economically rational [2][3]. - Organizations reported a reduction in endpoint-related breach risk, with an estimated $1.7 million in avoided breach-related costs over three years for a representative organization [6]. Deployment and Management Efficiency - By utilizing a single, lightweight endpoint sensor, organizations reduced endpoint security management labor by 95%, significantly decreasing alert noise and false positives, which allows analysts to focus on real threats [6]. - The Falcon platform's cloud-native architecture enables organizations to expand protection across various security domains without new deployments or operational disruptions [6]. Customer Feedback - Customers expressed satisfaction with the ease of management and deployment of CrowdStrike's solutions, noting the ability to expand capabilities with minimal effort [3][4]. - The visibility and investigative capabilities provided by CrowdStrike were highlighted as superior, allowing for rapid queries and investigations across the enterprise [4]. Technological Advancements - The CrowdStrike Falcon platform leverages real-time indicators of attack and threat intelligence to deliver accurate detections and automated protection, enhancing overall security posture [7]. - The platform is designed for rapid and scalable deployment, offering superior protection and performance while reducing complexity [8].

Core Insights - The company has completed full-stack localization adaptation for several core products, including "Tianyan" in the security operation field and the traffic decryption orchestrator in the boundary security field [1] Group 1 - Investors inquired about the company's progress on full-stack product localization adaptation for domestic chips such as Kunpeng, Haiguang, and Longxin [1] - The company confirmed that a batch of core products has achieved comprehensive localization adaptation [1]

Core Insights - Akamai's partnership with Deutsche Telekom Security enhances cybersecurity services across various industries, including finance and public sector [1][5] - Deutsche Telekom Security utilizes Akamai's Security Certified Service capabilities to provide comprehensive API security management and incident response [2][4] Group 1: Service Offerings - Deutsche Telekom Security delivers proactive Day-2 operations services, including API audits, compliance, and security incident management [2] - The company extends support for Akamai Guardicore Segmentation environments, offering specialized services such as segmentation administration and compliance [3] Group 2: Market Demand and Impact - The demand for robust API security and microsegmentation solutions is increasing due to a rise in cyber threats, with recorded API attacks reaching 150 billion from January 2023 to December 2024 [4] - Deutsche Telekom Security's expertise in regulatory compliance and cybersecurity solutions positions it as a key partner for financial institutions needing high security standards [5][6] Group 3: Company Background - Deutsche Telekom Security has over 25 years of experience and is a market leader in the DACH region, providing a comprehensive portfolio of cybersecurity solutions [8][9] - The company operates a Cyber Defense & Security Operations Center (SOC) with over 240 security specialists available 24/7 to address evolving threats [9]