Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fortinet, Inc. common stock between November 8, 2024, and August 6, 2025, of the upcoming lead plaintiff deadline on November 21, 2025, for a class action lawsuit related to misleading statements made by the company [1][2]. Group 1: Class Action Details - Investors who bought Fortinet common stock during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [2][6]. - The lead plaintiff must file a motion with the Court by November 21, 2025, to represent other class members in the litigation [2]. Group 2: Allegations Against Fortinet - The lawsuit claims that Fortinet made materially false and misleading statements regarding the impact and sustainability of a significant round of FortiGate unit upgrades, which were projected to generate between $400 million and $450 million in product revenue in 2025 and 2026 [4]. - It is alleged that the company misrepresented the potential of the refresh cycle, which was said to gain momentum in the latter half of 2025, while in reality, it consisted of older products that represented a "small percentage" of the company's business [5]. - The lawsuit contends that Fortinet concealed the true number of FortiGate firewalls eligible for upgrades and that the refresh cycle was pushed through much faster than communicated, leading to investor damages when the true situation was revealed [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering hundreds of millions of dollars for investors [3]. - The firm has been recognized for its leadership in securities class action settlements, achieving the largest settlement against a Chinese company at the time and ranking highly in the number of settlements since 2013 [3].

Investor Presentation – Q3 2025 October 30, 2025 Forward Looking Statements This presentation contains forward-looking statements within the meaning of applicable U.S. securities laws, including statements regarding our 2025 financial guidance, our plans to drive profitable, efficient revenue growth, and our general goals and expectations regarding our operational or financial performance in the future. Forward-looking statements may be identified by words such as "seek", "believe", "plan", "estimate", "ant ...

Core Insights - Cycurion, Inc. is a leading cybersecurity solutions provider that emphasizes its AI-driven technology to enhance security measures against sophisticated threats [3][4] - The company is expanding its presence in both government and commercial markets, highlighting partnerships with federal and state agencies [4][5] - Cycurion's unique offering includes the ability to precisely identify breach locations within organizations, providing actionable intelligence that was previously lacking [4] Company Strategy - The company is committed to innovation and aims to serve underserved markets, including small and medium enterprises (SMEs) [5] - Cycurion's strategic growth includes expanding partnerships with state and local governments, particularly in Texas and Illinois [4] - The company leverages its AI-enhanced ARx platform to deliver secure and reliable cybersecurity solutions [5] Market Position - Cycurion positions itself as a critical player in the cybersecurity landscape, addressing the needs of both individuals and large corporations [3][4] - The company serves a diverse clientele, including government, healthcare, and corporate sectors, focusing on safeguarding operations in a digital environment [5]

Summary of Gorilla Technology Group Conference Call Company Overview - **Company Name**: Gorilla Technology Group Inc. (NasdaqCM: GRRR) - **Founded**: 24 years ago in Taiwan, with 20 years in AI - **Public Listing**: Went public in 2022 via a de-SPAC - **Global Presence**: Operations in eight countries, with a focus on emerging markets in the Middle East, Asia, and Latin America [1][2][5] Core Strengths and Offerings - **Key Areas**: - Video Analytics: Analyzing video feeds for real-time learning and post-event investigations [2][3] - IoT and Big Data Analytics: Connecting numerous devices for seamless operation and improved data management [3][4] - Cybersecurity: Protecting devices and networks from intrusions and malware [4][6] - **Solution Approach**: Offers a combination of service and architecture software, providing comprehensive solutions tailored to customer needs [4][10] Market Position and Customer Base - **Target Customers**: Primarily governments and large corporations in emerging markets, where price sensitivity is significant [5][6] - **Competitive Advantage**: Ability to provide lower price points through deep hardware relationships and flexible payment models (CapEx or OpEx) [6][10] Management Team - **Leadership**: Experienced team with backgrounds in major tech companies and government [7][9] - **Board of Directors**: Includes influential figures with extensive networks, enhancing credibility and opening doors for business [9][10] Key Contracts and Projects - **Taiwan Airport**: Deployed a video analytics solution for ground operations, with ongoing discussions for expansion [12] - **Middle East Government**: Delivered a $270 million air-gapped network contract over three years, connecting over 30,000 sites [13][14] - **Data Center Contracts**: Announced a $1.4 billion contract with Frere for data center services, expected to start generating revenue in 2026 [19][20] Financial Performance and Projections - **Revenue Growth**: Transition year revenue of $22 million, with guidance for 2024 at $100 to $110 million [19] - **Backlog**: $85 million in booked contracts, with additional upside expected from ongoing projects [19][21] - **Cost Efficiency**: Expected 6-7% overall cost reduction for clients due to expertise in IoT and vendor relationships [16] Future Outlook - **Growth Areas**: Focus on data center solutions, offering full-stack services tailored to specific customer needs [14][15] - **Pipeline**: Several billion in qualified leads, indicating strong future revenue opportunities [21][23] Competitive Landscape - **Market Positioning**: Competes primarily with smaller players and occasionally larger firms like Cisco and Huawei, but often targets customers overlooked by major players [23][24] - **Consultative Selling Approach**: Emphasizes providing comprehensive solutions rather than just hardware, leading to a unique value proposition [24][25] Conclusion Gorilla Technology Group is positioned as a strong player in the AI, cybersecurity, and IoT sectors, with a focus on delivering tailored solutions to government and corporate clients in emerging markets. The company is on track for significant revenue growth and has a robust pipeline of future contracts.

Core Viewpoint - Palo Alto Networks, Inc. (NASDAQ:PANW) is highlighted as a significant AI stock to monitor, especially in light of its recent CyberArk acquisition and upcoming earnings report [1][3]. Group 1: Price Target and Valuation - Citizens JMP analyst Trevor Walsh raised the price target for PANW from $212 to $250, maintaining an Outperform rating [1]. - The new price target reflects a premium valuation of 38.0x CY26E EV/FCF, compared to the previous target's 32.1x multiple, which is above the peer group mean of 33.2x [2][3]. - The firm justifies this premium due to PANW's ambitious platform strategy and intelligent product expansion aimed at capturing a larger share of the cybersecurity market [2][3]. Group 2: Market Position and Strategy - PANW is recognized as a leader in AI-powered cybersecurity, with efforts focused on consolidating a significant portion of the total addressable cybersecurity market [3]. - The company's strategic initiatives are designed to enhance its competitive position within the industry [2][3].

Financial Data and Key Metrics Changes - Gross billings in Q3 2025 increased by 8% to $504.6 million compared to $465.2 million in the prior year quarter [12] - Net sales in Q3 2025 increased by 35% to $161.3 million compared to $119.3 million, driven by organic growth and contributions from the acquisition of Douglas Stewart Software [12] - Net income in Q3 2025 was $4.7 million or $1.02 per diluted share, down from $5.5 million or $1.19 per diluted share in the prior year [16] - Adjusted EBITDA in Q3 2025 was $10.9 million, slightly down from $11.1 million in the prior year [18] Business Line Data and Key Metrics Changes - Distribution segment gross billings increased by 9% to $481.9 million, while solutions segment gross billings decreased by 5% to $22.7 million [12] - Gross profit as a percentage of gross billings was 5.1%, slightly down from 5.2% in the prior year [13] Market Data and Key Metrics Changes - The European team showed strong execution, particularly in the artificial intelligence market, with the launch of Climb AI Academy to support partners [9][10] - The cybersecurity space continues to lead growth, accounting for over 60% of the company's business [22] Company Strategy and Development Direction - The company is focused on building operational momentum and executing strategic initiatives, including evaluating acquisition opportunities to enhance capabilities and market presence [19] - The company aims to deepen partnerships with existing vendors while selectively adding new ones to maintain innovation and market differentiation [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in closing out 2025 strong, with expectations for another year of record results [11] - There are no significant concerns regarding tariffs impacting the business, although currency fluctuations are monitored [30] Other Important Information - The Board of Directors declared a quarterly dividend of $0.17 per share, payable on November 17, 2025 [19] - The company has a robust balance sheet with cash and cash equivalents of $49.8 million as of September 30, 2025 [18] Q&A Session Summary Question: How would you characterize the quarter? Was the growth broad-based across your top 20? - Management indicated that there were no lumpy deals and organic growth was strong across the majority of vendors [21] Question: Were there any early pay price discounts that impacted margin? - No new relationships on early pay discounts were noted, and the percentage of gross billings remained consistent [24] Question: Is there a similar training program in the U.S. as the one in Europe? - Currently, there is no similar program in the U.S., but plans to roll out a training program are in place [25] Question: What is the impact of tariffs on your business? - There is no significant impact from tariffs, but currency fluctuations are considered [30] Question: Can you explain the notable declines in accounts receivable and accounts payable? - The changes are typical for the business and are expected to normalize in the next quarter [31] Question: What is the seasonality of orders now with DSS? - Seasonality is influenced by the education sector, with strong buying occurring in the summer [38] Question: What caused the 5% decrease in the solutions segment gross billings? - The decrease is attributed to fluctuations in the U.S. side of the business, which has a small team and large customers [40] Question: What are the acquisition-related costs in the quarter? - The costs are related to evaluating potential acquisitions, with a focus on larger deals moving forward [42][45] Question: What is the company's vision for future M&A? - The company is looking at opportunities ranging from $10 million to $40 million, focusing on strategic acquisitions that enhance technical capabilities [48][52]

Core Insights - Cybersecurity firm Cyberwrite has won the Samsung Financial C-Lab Outside 2025 Global Innovation Competition, highlighting its innovative capabilities in the cybersecurity sector [1] - The competition featured participation from hundreds of technology companies globally, focusing on areas such as AI, Cybersecurity, Fintech, and IoT [1] - Cyberwrite was selected as one of only four winners after a rigorous evaluation process by Samsung executives, who assessed over 360 companies [1]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fortinet, Inc. regarding a class action lawsuit due to alleged false statements and misrepresentations made by the company during a specific class period [1]. Group 1: Allegations and Class Period - The class period for the alleged misconduct is from November 8, 2024, to August 6, 2025 [1]. - Allegations include that Fortinet misrepresented the potential profitability of a product refresh cycle, claiming it would be more lucrative than it actually was, as it involved old products that constituted a "small percentage" of the company's business [1]. - The complaint also states that Fortinet did not have a clear understanding of the number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through aggressively in a short time frame [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of FTNT during the specified period are encouraged to register for the class action, with a deadline for lead plaintiff applications set for November 21, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3].

Core Insights - Cycurion, Inc. has launched a comprehensive cybersecurity education initiative in collaboration with NACCHO to enhance cybersecurity awareness in healthcare organizations [1][2] - The initiative includes a three-part webinar series aimed at equipping public sector leaders with critical threat intelligence and defensive strategies against evolving digital threats [1][2] Webinar Series Overview - **Session 1: Trust No Link: The New Rules of Cyber Survival** This session will focus on the increasing sophistication of phishing attacks and social engineering tactics, providing zero-trust principles and rapid threat identification techniques for public health officials [3] - **Session 2: Strengthening Cybersecurity Defenses at Health Departments Ahead of the Holiday Season** This technical panel will address the vulnerabilities healthcare systems face during holiday periods, offering actionable defense strategies tailored to public health organizations' unique constraints [4] - **Session 3: Industry Awareness for the Public Health Sector** The final session will focus on emerging threats and provide guidance on critical cybersecurity challenges facing the public health ecosystem, ensuring leaders are informed about the evolving landscape [5] Tools and Solutions - Participants will gain insights into Cycurion's Cyber Shield and ARx solutions, which are designed to address the unique cybersecurity challenges of public sector organizations, offering threat detection and automated response capabilities [6] Leadership Perspective - Ed Burns, President of State and Local Government at Cycurion, emphasized that cybersecurity is a leadership imperative and that the webinars aim to equip public sector leaders with the necessary intelligence and tools to stay ahead of evolving threats [7][8]

Group 1 - iQSTEL Inc. projects organic revenue of $430 million for 2026, representing a 26% increase from the 2025 guidance of $340 million, and higher than the consensus estimate of $336.1 million [1] - The company is on track to meet its 2025 revenue target, driven by organic growth in its Telecom, AI, Cybersecurity, and Fintech services [1] - iQSTEL aims to achieve an EBITDA of $15 million by 2026 through the acquisition of two to three complementary businesses [2] Group 2 - Following any acquisitions, iQSTEL plans to revise its 2026 revenue guidance accordingly [3] - The company continues to target $1 billion in revenue by 2027 [3] - Recently, iQSTEL's AI subsidiary completed Phase One of a joint program with Cycurion, Inc. to develop AI-enhanced cybersecurity solutions [4]