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Radware and Leading Latvian ISP Tet Sign Managed Security Services Provider Agreement
GlobeNewswire News Room· 2025-08-14 10:00
MAHWAH, N.J., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, and Tet, one of Latvia's largest technology and innovation companies and internet service providers, announced they signed a managed security service provider (MSSP) agreement. Based on the agreement, Tet is adding Radware's full suite of AI-powered Cloud Application Protection Services to its managed services portfolio to expand its security o ...
X @Bloomberg
Bloomberg· 2025-08-13 18:08
Buyout group Francisco Partners is exploring a multibillion-dollar sale of cybersecurity firm BeyondTrust Software, according to people familiar with the matter, seeking to tap in to heightened investor interest in security software offerings https://t.co/dhiGZOk2Ne ...
BIO-key(BKYI) - 2025 Q2 - Earnings Call Transcript
2025-08-13 15:00
Financial Data and Key Metrics Changes - Company reported a solid Q2 performance with revenue rising 49% year-over-year to $1.7 million from $1.1 million in Q2 2024, and a sequential increase of 6% [4][12] - Gross profit increased by $354,000 or 40% to $1.2 million, although gross margin declined to 73% from 77% due to a higher percentage of lower-margin hardware sales [13] - Net loss improved to $1.2 million or $0.20 per share from a net loss of $1.7 million or $1 per share in Q2 2024 [13][14] Business Line Data and Key Metrics Changes - Hardware revenue increased significantly by $458,000, primarily due to additional deployments of biometric scanners for a long-time customer [12] - License fee revenue grew by 4%, reflecting an increase in subscription contracts, while service revenue rose by 11% due to customer service for a large upgrade [12] Market Data and Key Metrics Changes - The company is focusing on expanding its presence in the defense intelligence market, particularly in Europe, where military and defense investments are expected to increase significantly [6][8] - The EU plans to mobilize over €800 billion in defense investment over the next four years, with NATO members agreeing to increase defense spending to at least 5% of GDP by 2035 [6][7] Company Strategy and Development Direction - The company announced the formation of the BIO key cyber defense initiatives to expand market reach and engage with leading defense contractors [6] - There is a strategic refocus on BIO key branded solutions, moving away from previous licensed solutions, which is expected to enhance margins and growth opportunities [9] - The company is revitalizing its North American sales efforts and returning to an in-office model for sales and marketing teams [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for growth in the defense and intelligence markets, citing robust contract activity and a strong pipeline [21][30] - The company believes that the current stock price does not reflect its performance and future opportunities, with expectations for revenue generation from contracts already closed [26][29] Other Important Information - The company is actively seeking opportunities to reduce costs to lower its breakeven level and support a path to positive cash flow and profitability [11] - Current assets as of June 30, 2025, were reported at $4 million, including $2.3 million in cash, an increase from $1.9 million at year-end 2024 [15] Q&A Session Summary Question: Should we expect the recent trend towards reduced operating expenses to reverse? - Management indicated that the recent increase in expenses was a temporary blip due to restructuring and event timing, and they expect to maintain the expense run rate moving forward [17][19] Question: Can you provide additional color on meaningful contract activity in the first half of next year? - Management confirmed that they have closed contracts that will generate revenue in Q3 and emphasized the robust market for their specific solutions [20][21] Question: Do you expect these contracts to ramp up significantly? - Management affirmed that they expect iterative growth from these contracts, with opportunities increasing in size and quantity [30][31] Question: How much of the reserve inventory did you sell? - Management stated that they are selling inventory every quarter and aim to move the bulk of it by the end of the year [36] Question: Do you think you have enough cash to get through the end of the year? - Management confirmed that they have sufficient cash and equivalents to sustain operations through the end of the year [44]
SEALCOIN and Thomson Metavisio Bring Decentralized Computing to Consumer Laptops
Globenewswire· 2025-08-13 14:30
SEALCOIN and Thomson Metavisio Bring Decentralized Computing to Consumer Laptops SEALCOIN enables the computing shift from centralized data centers to a user-powered, secure, and distributed computing network Geneva, Switzerland & Dammarie-les-Lys, France – August 13, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its subsidiary SEALCOIN AG, which focuses on decentralized physical internet with ...
Insights Into Palo Alto (PANW) Q4: Wall Street Projections for Key Metrics
ZACKS· 2025-08-13 14:15
Core Viewpoint - Analysts expect Palo Alto Networks (PANW) to report quarterly earnings of $0.88 per share, reflecting a year-over-year increase of 17.3%, with revenues projected at $2.5 billion, up 14.2% from the previous year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has been revised upward by 1.2% over the past 30 days, indicating a collective reassessment by analysts [1] - Revenue from 'Product' is expected to reach $553.40 million, representing a 15.2% increase from the prior year [4] - Revenue from 'Subscription and support' is projected to be $1.95 billion, indicating a 13.9% year-over-year change [4] Group 2: Detailed Revenue Breakdown - 'Subscription and support - Support' revenue is estimated at $625.85 million, reflecting a 7.6% increase from the previous year [5] - The consensus for 'Subscription revenue' stands at $1.32 billion, showing a year-over-year change of 17% [5] Group 3: Profitability Metrics - Analysts estimate 'Remaining Performance Obligation (RPO)' to reach $15.26 billion, up from $12.70 billion in the same quarter last year [6] - 'Product gross profit Non-GAAP' is projected at $435.03 million, compared to $378.70 million in the prior year [6] - 'Subscription and support gross profit Non-GAAP' is expected to be $1.50 billion, up from $1.30 billion year-over-year [7] Group 4: GAAP Profit Estimates - 'Subscription and support gross profit GAAP' is anticipated to reach $1.43 billion, compared to $1.24 billion in the same quarter last year [7] - 'Product gross profit GAAP' is estimated at $422.66 million, up from $375.80 million in the prior year [8] Group 5: Market Performance - Palo Alto shares have decreased by 8.8% over the past month, contrasting with the S&P 500 composite's increase of 3.1% [8] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [8]
Cramer's Mad Dash: Palo Alto Networks
CNBC Television· 2025-08-13 13:48
weekdays, four eastern and streaming on CNBC plus. >> All right. 6.5% minutes before we get started with an opening bell here.Big IPO coming as well. Bullish watching everybody assemble here taking their pictures. Yes there are children. Yes yes.>> People said that about bullish. >> They're the they're the future. The children.>> They just stop. >> All right. Let's get to a mad dash.Want to talk a little Palo Alto. >> Yeah. Okay.So Palo Alto has been just annihilated ever since it bought decided by cyberark ...
美股异动|Palo Alto Networks盘前涨超2%
Ge Long Hui A P P· 2025-08-13 13:13
格隆汇8月13日|美国网络安全公司Palo Alto Networks盘前涨超2%。消息面上,德意志银行将其评级 从"持有"上调至"买入"。 ...
电科网安(002268.SZ):参与了可信云计算与大数据四川省重点实验室等众多科技创新平台的建设
Ge Long Hui· 2025-08-13 13:05
Group 1 - The company is involved in the construction of key laboratories for trusted cloud computing and big data in Sichuan Province, indicating a focus on technological innovation [1] - The company leverages national-level innovation platforms and resources in the field of cryptography to promote integration and innovation in cryptography and industry applications [1]
Cycurion, Inc. to Announce Q2 2025 Financial Results on August 14, 2025, Celebrating Key Strategic Achievements
Globenewswire· 2025-08-13 12:45
Core Insights - Cycurion, Inc. plans to file its Quarterly Report on Form 10-Q for Q2 2025 on August 14, 2025, highlighting significant accomplishments and strategic partnerships [1][8] Strategic Highlights - Collaboration with NACCHO enhances delivery of high-margin cybersecurity solutions to public health organizations, addressing digital threats [3] - Alliance with LSV-TECH International Consortium expands Cycurion's Managed Security Services Platform into Latin America, reaching 135 countries [3] - Acquisition of SLG Innovation, Inc. enhances technology services portfolio, supporting long-term growth [4] Financial Position - As of June 30, 2025, total assets increased to $30.7 million from $25.6 million as of December 31, 2024, driven by goodwill from the SLG acquisition [6] - Stockholders' equity rose to $10.4 million from $5.4 million, reflecting equity issuances and conversions [6] - The company reported a working capital deficit of $14.3 million and an accumulated deficit of $18.7 million, with management focused on improving liquidity [6] Outlook - Cycurion aims to convert its growing backlog into revenue during the second half of 2025, particularly in the historically stronger third and fourth quarters [7] - The alliance with IQSTEL includes a $1 million stock exchange, enhancing shareholder value through dividends [7] - Cycurion Crypto has allocated $10 million to acquire Bitcoin and Ethereum, diversifying its financial portfolio and positioning the company in the digital economy [7]
Partnering to Scale: Akamai and Aptum Team Up to Help Customers Move Faster in the Cloud
Prnewswire· 2025-08-13 10:30
Core Insights - Akamai Technologies has announced a partnership with Aptum to enhance cloud services and infrastructure solutions for businesses [1][4] - The collaboration aims to support cloud migration, transformation initiatives, and cost reduction for SMB and enterprise customers [2][3] Company Overview - Aptum is a managed hybrid cloud services provider with over 25 years of experience, focusing on tailored infrastructure design, consulting, and managed services [6] - Akamai is a leading cybersecurity and cloud computing company known for its performance, security, and reliability in safeguarding enterprise data and applications [7] Partnership Benefits - The partnership will enable Aptum to offer day 0–2 services to customers utilizing Akamai Cloud, enhancing the overall cloud experience [1] - Both companies are investing in technology services distributors (TSDs) to create new opportunities for sub-agents, allowing for more comprehensive cloud solutions [4] Strategic Goals - The collaboration is designed to help businesses focus on growth while ensuring their infrastructure is managed effectively [3] - Aptum's vendor-agnostic approach allows for flexible cloud decisions, catering to businesses at various stages of cloud maturity [3]