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Centurion Accommodation REIT debuts higher after Singapore's second-biggest IPO of 2025
The Economic Times· 2025-09-25 06:32
Group 1: IPO Performance - Centurion Accommodation REIT made a strong debut, raising S$771.1 million ($598.8 million), marking Singapore's second-largest IPO this year [6] - The units opened at S$0.98, reflecting an 11.4% increase from the IPO price of S$0.88 per unit [6] - The benchmark Straits Times Index was down 0.2% at the time of trading [6] Group 2: Market Context - Singapore has raised a total of $1.46 billion in IPO proceeds year-to-date, leading Southeast Asia, followed by Indonesia at $1.24 billion and Malaysia at $982.7 million [2] - The Singapore Exchange has seen renewed interest from issuers due to measures introduced in February, including a 20% tax rebate for primary listings [4] - Recent listings include U.S. cybersecurity firm AvePoint, which became the first company to be listed on both Nasdaq and SGX [5] Group 3: Company Background - Centurion Accommodation REIT is backed by Singapore-based Centurion Corp and owns 14 assets across Singapore, the UK, and Australia, with an appraised value of approximately S$1.8 billion [6] - Cornerstone investors for Centurion Accommodation REIT include abrdn Asia, Amova Asset Management Asia, and Value Partners Hong Kong [6]
FTNT Investor Notice: Robbins LLP Reminds Investors of the Securities Fraud Class Action Against Fortinet, Inc.
Globenewswire· 2025-09-24 21:49
Group 1 - A class action has been filed against Fortinet, Inc. on behalf of shareholders who purchased stock between November 8, 2024, and August 6, 2025 [1] - Allegations include misrepresentation regarding the impact of unit upgrades for FortiGate firewalls, specifically that it was difficult to predict the number of upgrades needed and that many customers had excess firewall capacity [2] - Following the revelation of these issues, Fortinet's stock price dropped over 22%, from $96.58 on August 6, 2025, to $75.30 on August 7, 2025 [3] Group 2 - Shareholders interested in participating as lead plaintiffs in the class action are encouraged to contact Robbins LLP, with the option to remain absent from the case while still being eligible for recovery [4] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5]
Downgraded But Not Done: 3 Stocks Ready for a Market Comeback
MarketBeat· 2025-09-24 21:11
Analysts' sentiment and downgrades can significantly impact a stock price, helping it to correct or even sustain downtrends despite otherwise bullish indications. The main point to remember is that downgrades and price target reductions are generally based on the overall market conditions. Bearish analyst activity within a downtrend of activity will sustain a downtrend in price action, while bearish activity within an otherwise bullish market can open up significant buying opportunities.  This article focus ...
Palo Alto Networks (PANW) Seen as Market Leader in Expanding Cybersecurity Market
Yahoo Finance· 2025-09-24 20:18
Core Viewpoint - Palo Alto Networks, Inc. is recognized as a leading AI stock, with a focus on expanding its cybersecurity platform to capture a significant share of the total addressable cybersecurity market [1][2]. Valuation and Ratings - Citizens JMP analyst Trevor Walsh has reiterated a Market Outperform rating on Palo Alto Networks with a price target of $212.00 [1][2]. - The stock currently trades at a 37.0x CY26E EV/FCF multiple, while the price target implies a 37.7x CY26E EV/FCF, indicating a slight premium over the peer group's mean multiple of 31.7x CY26E EV/FCF [2]. Strategic Initiatives - The company's ambitious platform strategy and intelligent product expansion efforts are seen as justifications for its current valuation, aiming to consolidate a wide portion of the cybersecurity market [2].
Diginex Provides Update on Acquisition Strategy
Globenewswire· 2025-09-24 20:05
Acquisition Strategy Overview - Diginex Limited is actively pursuing an acquisition strategy to enhance its Sustainability RegTech solutions, with recent agreements to acquire Matter, Resulticks, and Findings [1][2][10]. Acquisition of Matter - Diginex signed a definitive agreement on August 18, 2025, for an all-share acquisition of Matter, valuing the company at $13 million, to be paid through the issuance of Diginex ordinary shares at $83.77 per share, subject to an 18-month lock-up period [2][3]. - The transaction will involve the issuance of 1,241,496 ordinary shares, with 85% issued at closing and 15% after 12 months, along with additional shares valued at $2.5 million for Matter's senior management [3]. - Diginex has advanced Matter €500,000 for working capital, which will be treated as an intercompany loan post-acquisition [4]. Acquisition of Resulticks - Diginex announced a Memorandum of Understanding (MOU) on June 5, 2025, for a cash and share acquisition of Resulticks, valuing the company at $2 billion [5][6]. - The payment structure includes $1.4 billion in Diginex shares at $72 per share, $100 million in cash, and an earnout of up to $500 million based on achieving specific EBITDA thresholds over the next three fiscal years [6]. - The due diligence period has been extended to October 31, 2025, to facilitate the completion of the transaction, with a definitive agreement expected by the end of 2025 [7]. Acquisition of Findings - Diginex signed a non-binding MOU on August 12, 2025, to acquire Findings for up to $305 million, comprising $270 million in Diginex shares and up to $35 million in cash [10][11]. - The share consideration will be based on the 60-business day trailing VWAP of Diginex's shares, with customary lock-up periods for Findings' shareholders [11]. - Diginex is in the early stages of due diligence on Findings, aiming to complete the transaction by the end of 2025 [12]. Company Profile - Diginex Limited is a sustainable RegTech business that utilizes blockchain, AI, and data analysis technology to enhance ESG, climate, and supply chain data collection and reporting [13]. - The company's diginexESG platform supports 19 global frameworks, providing comprehensive solutions for sustainability data management [14].
Zscaler, Varonis, SailPoint among top cybersecurity stocks to own, JPMorgan says (ZS:NASDAQ)
Seeking Alpha· 2025-09-24 18:55
Core Viewpoint - J.P. Morgan identifies Zscaler, Varonis, and SailPoint as top cybersecurity stocks to consider for investment as the year concludes [2] Group 1: Company Insights - Zscaler (NASDAQ:ZS), Varonis (NASDAQ:VRNS), and SailPoint (NASDAQ:SAIL) are highlighted as key players in the cybersecurity sector [2] - The demand for Secure Access Service Edge (SASE) and Next Generation Security Information and Event Management (SIEM) remains high within the network security domain, indicating robust market conditions [2]
A Small Opportunity In Rapid7 (NASDAQ:RPD)
Seeking Alpha· 2025-09-24 18:47
Group 1 - Rapid7, Inc. (NASDAQ: RPD) shares have declined 85% from their all-time high in 2021, indicating a significant drop in valuations and expectations for the company and the cybersecurity industry [2] - The company is experiencing rapidly decelerating top-line growth, which raises concerns about its future performance [2] Group 2 - The Insiders Forum focuses on small and mid-cap stocks that have seen significant insider purchases, aiming to outperform the Russell 2000 benchmark over time [2]
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm Encourages Fortinet, Inc. (FTNT) Investors To Inquire About Securities Fraud Class Action
Businesswire· 2025-09-24 17:44
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Fortinet, Inc. ("Fortinet†or the "Company†) (NASDAQ: FTNT) common stock between November 8, 2024 through August 6, 2025, inclusive (the "Class Period†). Fortinet investors have until November 21, 2025 to file a lead plaintiff motion. IF YOU SUFFERED A LOSS O. ...
Tego Cyber Inc. to Present at the MicroCap Rodeo Conference Thursday, September 25, 2025 in New York City
Accessnewswire· 2025-09-24 16:30
Core Viewpoint - Tego Cyber Inc. is actively participating in the MicroCap Rodeo Conference, highlighting its focus on AI-driven cybersecurity solutions [1] Company Summary - Tego Cyber Inc. specializes in AI-driven threat intelligence and managed security solutions [1] - The company's CEO, Robert Mikkelsen, will engage in a fireside chat during the conference [1] - The event is scheduled for September 25, 2025, in New York City [1]
Fortinet: What's Next For FTNT Stock?
Forbes· 2025-09-24 14:00
Company Overview - Fortinet, Inc. (NASDAQ: FTNT) is a prominent American cybersecurity company recognized for its firewall and network security solutions [2] - The company has achieved a total stock increase of 6.9% over the last five consecutive days, adding approximately $4.5 billion to its market capitalization, which now stands at about $65 billion [2] Financial Performance - Fortinet has demonstrated strong financial performance, characterized by consistent revenue growth, expanding margins, and healthy free cash flow, indicating operational and financial discipline [4] - Despite recent gains, the stock is still 9.7% lower than its value at the close of 2024, while the year-to-date returns for the S&P 500 are at 13.2% [2] Industry Context - The cybersecurity sector is experiencing rapid expansion due to digital transformation, cloud adoption, IoT devices, and hybrid work environments, leading to a high demand for comprehensive security solutions [3] - Investors are assigning premium valuations to leading cybersecurity firms, including Fortinet, reflecting the sector's growth potential [4] Market Trends - Fortinet's recent stock performance indicates increasing investor confidence, as a series of winning days can signal momentum that may lead to further buying activity [7] - There are currently 57 S&P 500 constituents with three or more consecutive days of gains, highlighting a broader trend of positive market sentiment [8]