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NRD Cyber Security completes successful phase in Bangladesh and plans to focus on regional expansion
Globenewswire· 2025-10-24 06:30
Core Viewpoint - NRD Cyber Security has decided to liquidate its Bangladesh-based entity while continuing its operations in the region without a registered legal entity [1][2]. Group 1: Company Actions - NRD Cyber Security has been operating in Bangladesh since 2015, contributing to the development of national cybersecurity capabilities [2]. - The company controls 99% of NRD Bangladesh's shares, which will be purchased by its founder, Norway Registers Development AS, to facilitate the liquidation [3]. - The planned liquidation will not impact the overall value of NRD Cyber Security or Norway Registers Development AS [3]. Group 2: Business Focus - NRD Cyber Security aims to focus on business development in the Indo-Pacific region following the liquidation of its Bangladesh entity [2]. - The company provides a range of cybersecurity solutions and consulting services, aiming to create secure digital environments for various stakeholders [4].
CyberCatch Provides Corporate Update - Unaware of Any Material Change
Newsfile· 2025-10-23 17:09
Core Insights - CyberCatch Holdings, Inc. is a cybersecurity company that offers an AI-enabled platform for continuous compliance and cyber risk mitigation [2] - The company confirmed that its management is unaware of any material changes in operations that would explain recent market activity [2] Company Overview - CyberCatch provides a proprietary AI-enabled Software-as-a-Service (SaaS) solution aimed at ensuring continuous compliance and mitigating cyber risks for organizations in critical sectors [2] - The platform addresses the root causes of successful cyberattacks by identifying security holes due to control deficiencies [2] - It implements necessary controls and continuously tests them from three perspectives: outside-in, inside-out, and social engineering to identify and rectify control failures [2] Recent Corporate Activities - The CEO of CyberCatch, Sai Huda, presented at the LD Micro Investor Conference on October 20, 2025, and at the virtual Emerging Growth Conference on October 22, 2025 [5] - Upcoming presentation at the OTC Markets AI & Technology Virtual Investor Conference is scheduled for October 28, 2025 [5]
Will Fortinet's Firewall Upgrade Cycle Continue to Power Top-Line Growth?
ZACKS· 2025-10-23 16:36
Core Insights - Fortinet (FTNT) is at a pivotal moment as its firewall upgrade cycle is halfway through, with 40-50% of the refresh opportunity completed, driven by customers replacing legacy systems with Next-Generation Firewalls (NGFWs) before their 2026 end-of-service dates [1] Financial Performance - In Q2 2025, Fortinet's billings increased by 15% year-over-year to $1.78 billion, indicating strong demand for its advanced NGFWs, which integrate AI-driven threat prevention, zero-trust access, and secure SD-WAN [2] - The company anticipates that approximately 650,000 firewall units will reach end-of-service by late 2026, followed by another 350,000 low-end units in 2027, presenting a stable revenue opportunity [2] - Fortinet raised its 2025 billings guidance by $100 million to a range of $7.325-$7.475 billion, reflecting confidence in continued demand [3] Growth Projections - The Zacks Consensus Estimate projects Fortinet's total revenues to grow by 13.29% in 2025 and 11.05% in 2026, indicating steady double-digit growth [4] - Earnings estimates for Fortinet are $2.52 per share for 2025 and $2.77 per share for 2026, suggesting year-over-year earnings growth of 6.33% for 2025 and 9.83% for 2026 [13] Competitive Landscape - Fortinet competes with Palo Alto Networks (PANW) and Check Point Software Technologies (CHKP) in the next-generation firewall market. While PANW excels in enterprise deployments and advanced cloud integration, Fortinet maintains an edge in cost efficiency for mid-sized businesses [5] - Check Point emphasizes a prevention-first security approach, but Fortinet's integrated Security Fabric and faster innovation provide it with a competitive advantage in scalability and efficiency [6] Valuation Metrics - Fortinet shares have declined by 10.4% year-to-date, underperforming the Zacks Security industry's 23.2% rally and the broader Computer and Technology sector's 23.8% growth [7] - The company appears overvalued with a forward 12-month price-to-sales ratio of 8.84, higher than the sector's average of 6.94 [10]
Prediction: The Next Microsoft-Level Stock Could Come From an Unexpected AI Niche
Yahoo Finance· 2025-10-23 15:03
Core Insights - Okta is positioned to capitalize on the growing demand for identity security services across various entities, including human users and AI agents [3][7][14] - The company has consolidated its specialized products into a comprehensive identity security platform, contributing to its revenue growth [1][8] - Okta's financial performance is strong, with a 13% year-over-year revenue increase to $728 million in Q2, and a non-GAAP net income growth of 29% to $169 million [11][12] Product and Market Positioning - Okta's Identity Security Fabric secures all identities and use cases within organizations, making it a critical player in the identity security landscape [2][4] - The rise of AI agents and the migration to cloud infrastructure are driving demand for trusted identity solutions [4][7] - Okta's Auth0 platform is enabling developers to create secure agents compatible with the identity security fabric [14] Financial Performance - In Q2 of fiscal 2026, Okta reported revenues of $728 million, with subscription revenues making up $711 million [11] - The company has a subscription backlog of $4.15 billion, indicating strong revenue visibility [12] - Guidance for fiscal 2025 suggests a revenue growth of 10% to 11% and a non-GAAP operating margin of 25% to 26% [13] Strategic Initiatives - Okta is enhancing its identity security capabilities through the acquisition of Axiom Security, which will improve security and compliance [16] - The company has developed a robust go-to-market strategy with dedicated sales teams and a broad partner ecosystem [10] - Okta's neutrality to cloud providers is fostering confidence among clients, particularly in the public sector [9] Valuation and Growth Potential - Okta is currently trading at 24.5 times forward earnings, suggesting potential for valuation expansion as it captures more market share [17] - The company aims to become a leading player in the identity security space, akin to Microsoft's position in its domain [18]
Cycurion, Inc. Announces Reverse Stock Split Effective October 27, 2025, for Purpose of Remaining Nasdaq Compliant
Globenewswire· 2025-10-23 15:00
MCLEAN, Va., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a leading cybersecurity solutions provider, announced today that the previously announced one-for-thirty reverse stock split of the Company’s shares of common stock, par value $0.0001 per share (the “Reverse Stock Split”) will take effect, and the Company’s shares of common stock will begin trading on a split-adjusted basis on The Nasdaq Global Market, as of the opening of trading on October 27, 2025, ...
CrowdStrike CEO: Don't buy idea AI will kill software, need it to protect AI
CNBC Television· 2025-10-23 14:13
one. There's no one who knows more than George Kurts uh who is CEO of Crowd Strike and I can't believe we are lucky to have you. George is it's great to see you first of all and you're doing a lot of terrific stuff and I think you've become one of the great maybe the great spokesperson for an industry which cannot be uh which is front page everywhere and yet sometimes you have an outage like AWS and but no one wants to know whether it was cyber attack.Well, when you look at technology and you look at how in ...
Fortinet: Providing Security In Times Of Uncertainty (NASDAQ:FTNT)
Seeking Alpha· 2025-10-23 14:03
Core Insights - Fortinet (NASDAQ: FTNT) has achieved an Annual Recurring Revenue (ARR) growth of 69%, positively impacting its operating and net margins [1] Company Summary - Fortinet is recognized as a leading global cybersecurity company [1] - The increase in NATO spending is expected to further benefit Fortinet's business [1] Industry Context - The technology sector, particularly Software as a Service (SaaS) and cloud businesses, is highlighted for its significant growth opportunities [1]
Fortinet: Providing Security In Times Of Uncertainty
Seeking Alpha· 2025-10-23 14:03
Core Insights - Fortinet (NASDAQ: FTNT) is a leading global cybersecurity company that has achieved a 69% increase in its Annual Recurring Revenue (ARR), positively impacting its operating and net margins [1]. Company Performance - The significant increase in NATO spending is expected to further benefit Fortinet, enhancing its market position and financial performance [1]. Industry Context - The cybersecurity sector, particularly companies like Fortinet, is experiencing robust growth driven by increased demand for security solutions amid rising global threats [1].
Check Point Named to Newsweek and Statista’s “America’s Most Reliable Companies 2026” List
Globenewswire· 2025-10-23 13:00
Core Insights - Check Point Software Technologies Ltd. has been recognized in Newsweek and Statista's ranking of America's Most Reliable Companies 2026, highlighting its trustworthiness and client satisfaction in the B2B sector [1][2] - The ranking is based on over 80,000 evaluations from more than 2,400 decision-makers, assessing companies on metrics such as likelihood of recommendation and reputation for dependability [2] - Check Point has a strong reputation for delivering reliable cyber security solutions, blocking 99.9% of malware and 99.7% of phishing attacks, with only 1 reported vulnerability compared to 10X - 23X more from other leading vendors [3] Company Achievements - In addition to the recent recognition, Check Point has also been featured in Fast Company's Next Big Things in Tech 2025 and named one of the World's Best Companies of 2025 by TIME and Statista [4] - The company utilizes AI-powered cyber security solutions to protect over 100,000 organizations globally, employing a prevention-first approach through its Infinity Platform [5]
Fortinet, Inc. Class Action: The Gross Law Firm Reminds Fortinet, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 21, 2025 - FTNT
Prnewswire· 2025-10-23 12:45
https://securitiesclasslaw.com/securities/fortinet-inc-loss-submission-form/?id=173408&from=4 CLASS PERIOD: November 8, 2024 to August 6, 2025 Accessibility StatementSkip Navigation NEW YORK, Oct. 23, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fortinet, Inc. (NASDAQ: FTNT). Shareholders who purchased shares of FTNT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not r ...