Financial Data and Key Metrics Changes - The company generated just over $1.2 billion in revenue, up 25% year-over-year [8][20] - Non-GAAP operating margin was maintained above 50%, with non-GAAP EPS at $0.62, reflecting a 15% increase year-over-year [9][26] - Q2 bookings and revenue were over $1.2 billion, up 27% and 25% year-over-year, respectively [20] Business Line Data and Key Metrics Changes - The consumer fintech business, MoneyLion, grew by 50% [8] - The cybersafety segment saw bookings grow by 5% year-over-year, with a robust operating margin of 61% [9][21] - The trust-based solution segment's revenue increased over 25% on a pro forma basis, with an operating margin of 30% [11][22] Market Data and Key Metrics Changes - The company serves over 77 million customers, with a sequential increase of approximately 1 million [24] - The employee benefits channel continues to grow in double digits, reflecting strong demand for bundled solutions [21] Company Strategy and Development Direction - The company aims to be a leader in consumer cybersafety and fintech, focusing on secure financial wellness [8][14] - There is a strategic emphasis on integrating AI across products and enhancing customer engagement through personalized offerings [15][16] - The company is raising its annual guidance to $4.92 to $4.97 billion, reflecting strong momentum and a commitment to innovation [17][29] Management's Comments on Operating Environment and Future Outlook - Management noted the increasing complexity of the threat landscape and the importance of consumer trust in financial wellness [6][7] - The company has not observed significant changes in consumer behavior despite economic fluctuations, indicating resilience in its subscription and security revenue streams [39][40] Other Important Information - The company is focused on disciplined growth investments in AI, data, and platform architecture to enhance customer value [9][15] - The integration of MoneyLion is progressing smoothly, unlocking revenue synergies and enhancing the customer experience [12][41] Q&A Session Summary Question: What is the view on the macro environment and consumer health? - Management indicated that there is no significant correlation between economic downturns and subscription revenue, and consumer demand for financial wellness remains strong [37][39] Question: Can you discuss the trajectory of partner revenue? - Management expects partner revenue to continue growing faster than direct revenue, driven by embedded services and marketplace expansion [49][50] Question: What are the keys to momentum in upselling Norton 360 memberships? - The introduction of new features like Norton Genie and Norton Money is enhancing customer engagement and driving upsell opportunities [58][60] Question: How does the company view the profitability of the MoneyLion business? - Management highlighted that MoneyLion's operating margin is currently around 20%, with a focus on balancing subscription and transaction-based revenue [72][73] Question: What drove the sequential growth in cybersafety customers? - Management attributed the growth to increased engagement, improved retention, and effective customer acquisition strategies [61][62]

Financial Data and Key Metrics Changes - The company generated just over $1.2 billion in revenue, up 25% year-over-year [6] - Non-GAAP operating margin was maintained above 50%, with non-GAAP EPS of $0.62, up 15% year-over-year [8][25] - Q2 bookings and revenue were over $1.2 billion, up 27% and 25% year-over-year, respectively [19] - Q2 net income was $387 million, with diluted EPS of 62 cents, marking the eighth consecutive quarter of achieving or exceeding the 12% to 15% EPS growth target [25] Business Line Data and Key Metrics Changes - The consumer fintech business, MoneyLion, grew by 50% [6] - In the cybersafety segment, bookings grew by 5% year-over-year, with a robust operating margin of 61% [8] - The trust-based solution segment saw revenue growth of over 25% on a pro forma basis, with an operating margin of 30% [10] Market Data and Key Metrics Changes - The company serves over 77 million customers, up approximately 1 million sequentially [23] - The employee benefits channel continues to grow in double digits, with a robust pipeline ahead of the annual enrollment period [20] Company Strategy and Development Direction - The company aims to be a global leader in consumer cybersafety and fintech, focusing on secure financial wellness [6] - There is a strategic emphasis on integrating AI across all operations, enhancing customer experience and operational efficiency [14][16] - The company is expanding its ecosystem by embedding financial wellness features into its existing products [12][13] Management's Comments on Operating Environment and Future Outlook - Management noted a complex threat landscape with increasing cyber threats, emphasizing the need for robust security solutions [5][34] - The company raised its annual guidance to $95 million at the midpoint, reflecting strong momentum and a resilient business model [16][27] - Management expressed confidence in the continued demand for financial wellness solutions, regardless of economic fluctuations [36] Other Important Information - The company is committed to a balanced capital allocation strategy, focusing on debt paydown and share repurchases [48] - The integration of MoneyLion is progressing smoothly, unlocking revenue synergies and enhancing customer offerings [11][76] Q&A Session Summary Question: View of the macro environment and consumer health - Management indicated that there has been no significant correlation between economic downturns and subscription or security revenue streams, with strong growth in personal financial management offerings [32][35] Question: Frequency of member interaction with LifeLock products - Management highlighted the integration of MoneyLion and LifeLock, focusing on enhancing the customer experience through curated marketplaces and embedded financial tools [38][39] Question: Trajectory of partner revenue - Management expects partner revenue to continue growing faster than direct revenue, driven by the integration of services and marketplace expansion [44] Question: Free cash flow trajectory and capital allocation - Management confirmed strong free cash flow generation and a disciplined approach to capital allocation, balancing debt paydown and share repurchases [46][48] Question: Keys to momentum in upselling Norton 360 memberships - Management noted increased engagement through new features like Norton Genie and the launch of Norton Money, which are driving upsell opportunities [54][55] Question: Growth trends in the core cybersafety business - Management acknowledged slight differences in growth rates but emphasized the potential for improved revenue growth driven by customer acquisition and innovation [78][80]

Financial Data and Key Metrics Changes - Akamai reported Q3 2025 revenue of $1.055 billion, representing a 5% year-over-year increase as reported and a 4% increase in constant currency [4][20] - Non-GAAP operating margins improved to 31%, and non-GAAP earnings per share was $1.86, up 17% year-over-year as reported and in constant currency [4][20] - Non-GAAP net income for Q3 was $269 million, with a non-GAAP EPS of $1.86, exceeding guidance by $0.20 [21][24] Business Line Data and Key Metrics Changes - Cloud Infrastructure Services (CIS) revenue was $81 million, up 39% year-over-year as reported and in constant currency, accelerating from a 30% growth rate in Q2 [6][19] - Security revenue reached $568 million, up 10% year-over-year as reported and 9% in constant currency, with high-growth security products generating $77 million, an increase of 35% year-over-year [20][14] - Delivery revenue was $306 million, down 4% year-over-year as reported and in constant currency, but showing improved trends [20] Market Data and Key Metrics Changes - International revenue was $525 million, up 9% year-over-year, representing 50% of total revenue in Q3 [20] - Foreign exchange fluctuations positively impacted revenue by $4 million sequentially and $8 million year-over-year [20] Company Strategy and Development Direction - Akamai is transitioning from a CDN pioneer to a leader in cloud security and distributed cloud computing, with a focus on AI inference capabilities [5][10] - The launch of Akamai Inference Cloud aims to support the growing demand for AI inference on the internet, positioning the company to leverage its distributed architecture [7][11] - The company emphasizes the importance of reliability, aiming for five nines of uptime, which is critical for attracting major clients like banks [75] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of CIS and high-growth security solutions, anticipating continued strong demand for AI-related services [20][24] - The company expects Q4 revenue to be in the range of $1.065 billion to $1.085 billion, reflecting a 4%-6% increase as reported [23] - Management noted that the AI inference market is at a transition point, with significant growth expected as AI systems are adopted at scale [10][12] Other Important Information - Akamai's CapEx for Q3 was $224 million, representing 21% of revenue, as the company continues to invest in its CIS business [21] - The company has not repurchased any shares in Q3 but has spent $800 million year-to-date on share buybacks, marking the largest annual buyback in its history [21][22] Q&A Session Summary Question: Guidance on security and compute growth - Management reiterated security growth at about 10% and compute growth slightly under 15% for the year, with momentum in CIS [28] Question: Insights on Akamai Inference Cloud - Management indicated strong interest and demand for AI applications, with many customers looking to adopt inference capabilities [30][32] Question: Hiring strategy for sales reps - The company is continuing to hire sales reps to support new business sales in security and compute, with a transformation expected to be largely complete by Q2 next year [36][37] Question: Confidence in benefiting from capacity constraints at hyperscalers - Management highlighted Akamai's unique platform and extensive points of presence, which allow it to provide faster services compared to hyperscalers [41][42] Question: Opportunities in API Security - Management confirmed ongoing efforts to extend API security into new agentic protocols, with strong interest from customers [44] Question: CapEx requirements for inference - Management noted that CapEx will closely follow revenue and demand, with expectations for similar gross margins to current compute margins [46][47] Question: Traffic mix and future trends - Management indicated that video delivery currently dominates traffic, but AI applications are expected to increase traffic significantly in the future [68][70]

Group 1 - CyberArk Software Ltd. reported third-quarter revenue of $342.8 million, a 43% year-over-year increase, surpassing the consensus estimate of $328 million [1] - Adjusted earnings per share for the quarter were $1.20, reflecting a 28% increase from $0.94 a year ago, exceeding expectations of $0.93 [1] - The company achieved record net new annual recurring revenue (ARR) of $68 million for the quarter, marking a 16% year-over-year increase [2] Group 2 - Total ARR increased by 45% to $1.34 billion, indicating strong momentum in CyberArk's transition to a subscription-based business model [2] - The strong quarterly results come as CyberArk prepares for its merger with Palo Alto Networks, which is expected to enhance market reach and capitalize on the growing demand for identity security solutions [3]

Core Points - Rosen Law Firm is reminding purchasers of Fortinet, Inc. common stock from November 8, 2024, to August 6, 2025, about the lead plaintiff deadline on November 21, 2025 [1] - Investors who purchased Fortinet stock during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] Class Action Details - A class action lawsuit has been filed against Fortinet, and interested parties can join by submitting a form or contacting the law firm [3][7] - The lawsuit alleges that Fortinet made materially false and misleading statements regarding the business impact of a "record" round of FortiGate unit upgrades, claiming it would generate $400 million to $450 million in product revenue in 2025 and 2026 [5][6] Allegations Against Fortinet - The lawsuit claims that Fortinet misrepresented the potential of the refresh cycle, which consisted of older products that were a "small percentage" of the company's business [6] - It is alleged that Fortinet concealed the true number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through rapidly in a short time frame [6]

Gen Digital raised its annual revenue forecast for a second consecutive quarter on Thursday, helped by robust demand for its cybersecurity products and the acquisition of fintech firm MoneyLion. ...

Core Insights - Akamai Technologies reported a strong performance in Q3 2025, with revenue reaching $1.055 billion, a 5% increase year-over-year, and a 4% increase when adjusted for foreign exchange [1][2] - The company experienced significant growth in its Cloud Infrastructure Services, with revenue of $81 million, marking a 39% year-over-year increase [1][9] - GAAP net income per diluted share was $0.97, reflecting a 155% increase year-over-year, while non-GAAP net income per diluted share was $1.86, up 17% year-over-year [1][5] Financial Performance - Revenue for Q3 2025 was $1.055 billion, up from $1.005 billion in Q3 2024, with a 5% increase year-over-year [2][15] - GAAP income from operations was $166 million, a 135% increase from Q3 2024, with an operating margin of 16%, up 9 percentage points [4][20] - Non-GAAP income from operations was $322 million, a 9% increase from Q3 2024, with a non-GAAP operating margin of 31%, up 2 percentage points [4][20] Income and Earnings - GAAP net income was $140 million, a 142% increase from Q3 2024, while non-GAAP net income was $269 million, up 10% [5][20] - Adjusted EBITDA for Q3 2025 was $458 million, an 8% increase from Q3 2024 [5][20] - Cash from operations was $442 million, representing 42% of revenue [6] Shareholder Actions - The company did not repurchase shares in Q3 2025 but spent $800 million to repurchase 10 million shares at an average price of $79.77 per share during the first nine months of 2025 [7] Revenue Breakdown - Security revenue was $568 million, up 10% year-over-year, while delivery revenue was $306 million, down 4% [9][15] - Cloud computing revenue reached $180 million, an 8% increase year-over-year [9][15] - U.S. revenue was $530 million, up 1% year-over-year, while international revenue was $525 million, up 9% [9][16] Financial Guidance - For Q4 2025, Akamai expects revenue between $1.065 billion and $1.085 billion, and for the full year, revenue is projected between $4.178 billion and $4.198 billion [8]

Financial Data and Key Metrics Changes - Rockwell Automation reported a 14% year-over-year increase in sales for Q4, exceeding expectations, with organic sales growth of 13% driven by strong product business performance [5][26] - Adjusted EPS for Q4 was $3.34, above expectations, primarily due to revenue outperformance and favorable pricing [12][27] - Full-year adjusted EPS for fiscal 2025 was $10.53, reflecting a 7% increase compared to the previous year [32] Business Line Data and Key Metrics Changes - Intelligent Devices segment saw organic sales growth of 14% year-over-year, driven by power control business and successful acquisitions [7][8] - Software and Control segment experienced a significant 30% organic sales growth, with strong performance in the Logix business [9][28] - Lifecycle Services segment reported a 4% decline in organic sales, with a book-to-bill ratio of 0.9, consistent with historical Q4 seasonality [10][28] Market Data and Key Metrics Changes - North America was the best-performing region, with expectations to continue leading in fiscal 2026 [17][18] - E-commerce and warehouse automation sales grew over 70% year-over-year, highlighting strong demand in these sectors [13] - The automotive sector showed low double-digit growth, with a shift in focus from electric vehicles to a mix of traditional and hybrid vehicles [13] Company Strategy and Development Direction - The company is focused on cost reduction and margin expansion, with a target of achieving over 100 basis points margin improvement in fiscal 2026 [19][20] - Rockwell Automation plans to invest $2 billion over the next five years to modernize infrastructure and enhance digital capabilities, primarily benefiting the U.S. market [18] - The dissolution of the Sensia joint venture is expected to simplify operations and improve profitability in the oil and gas vertical [11][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to gain market share and expand margins despite uncertainties in the macroeconomic environment [19][20] - The company anticipates reported sales growth for fiscal 2026 to be in the range of 3%-7%, with a sequential sales decline expected in Q1 [19][20] - Management highlighted the importance of investing in advanced manufacturing capabilities as countries recognize their strategic significance [5][12] Other Important Information - Free cash flow for Q4 was $405 million, contributing to a full-year free cash flow conversion of 114% [26] - The company introduced a new engineering and development expense line to enhance visibility into innovation spending [22] - A one-time pre-tax charge of $136 million related to legacy asbestos exposure was recorded in Q4, impacting adjusted EPS [23] Q&A Session Summary Question: What was the postmortem on Sensia? - Management noted that the joint venture faced challenges due to its broad scope and the impact of COVID-19 on energy markets, leading to a decision to dissolve it for simplification and improved profitability [39][40] Question: Can you provide insight into Logix volumes relative to pre-COVID levels? - Logix unit volumes are expected to return to pre-COVID levels in fiscal 2026, with strong market growth anticipated [42][43] Question: What is the outlook for book-to-bill ratios moving forward? - The book-to-bill ratio is expected to remain around one, with gradual improvement anticipated as capital expenditure projects progress [45][46] Question: How does the company plan to achieve its margin targets? - Management emphasized ongoing cost reduction and productivity initiatives, with a focus on achieving a 40% incremental margin in fiscal 2026 [56][57] Question: What are the expectations for inflation and tariff impacts? - Inflation is expected to remain modest, with tariff-based pricing aimed at offsetting costs rather than expanding margins [57][59]

Financial Data and Key Metrics Changes - Total ARR for the third quarter was $528.1 million, reflecting a 14% year-over-year growth on a reported basis and 13% on a constant currency basis [29] - Total revenue reached $131.7 million, exceeding guidance by $3.7 million, representing approximately 13% year-over-year growth on a reported basis and 12% on a constant currency basis [29] - Adjusted EBITDA margin was approximately 31.4%, with adjusted EBITDA of $41.4 million, which was $4.4 million above the high end of guidance [30] - Dollar-based net revenue retention was approximately 102% on a reported basis, indicating improvement year-over-year and quarter-over-quarter [30][25] Business Line Data and Key Metrics Changes - The data protection solution led net new ARR growth in the quarter, showcasing strong demand for security operations and unified endpoint management (UEM) [20][25] - The company launched anomaly detection as a service, enhancing its data protection capabilities and shifting focus from reactive defense to proactive resilience [19] Market Data and Key Metrics Changes - Approximately 45% of revenue was generated outside of North America, indicating a diversified market presence [31] - The company reported a significant increase in detected threats against small and mid-market businesses, highlighting the growing need for cybersecurity solutions [8] Company Strategy and Development Direction - The company is focused on driving security success, scaling its go-to-market strategy, and boosting customer expansion, with a channel-first model proving effective [19][21] - N-able is embedding AI capabilities across its platform to enhance cybersecurity solutions, positioning itself as a leader in the evolving cybersecurity landscape [10][17] - The company aims to democratize security by providing advanced AI SOC capabilities at a fraction of the cost, targeting small and mid-market businesses [15] Management's Comments on Operating Environment and Future Outlook - Management emphasized the critical role of AI in driving demand for cybersecurity solutions and the importance of embedding AI into their platform [10][26] - The outlook for the fourth quarter includes expected total revenue in the range of $126.5-$127.5 million, representing approximately 9% year-over-year growth [33] - The company raised its full-year ARR outlook to $530-$531 million, reflecting a commitment to balancing profitability with growth [34] Other Important Information - The company executed a share repurchase program, demonstrating confidence in its long-term value [26] - N-able's recent initiatives, such as sponsoring CATNIP, aim to standardize AI language across organizations, enhancing automation and efficiency [11] Q&A Session Summary Question: What are the keys behind the building momentum in ARR revenue? - Management attributed the acceleration to successful execution around the Adlumen acquisition and broadening channel presence [39][46] Question: How confident is management that net revenue retention has bottomed? - Management expressed high confidence that net revenue retention bottomed in the first quarter and has been improving due to successful cross-selling and gross retention efforts [49][50] Question: How is the Adlumen acquisition performing relative to initial expectations? - Management indicated that the acquisition thesis is holding true, with strong demand and successful scaling within the MSP community [70][71] Question: What is the company's approach to investing in AI? - Management confirmed ongoing investments in AI, viewing it as a significant opportunity for both short-term and mid-term growth, while maintaining a focus on achieving 30% EBITDA margins [76][80]

Core Insights - HUB Cyber Security Ltd. is set to launch the HUB Token (HUBT) in Q1 2026, aimed at enhancing its Trvsthub™ platform for digital financial transactions, targeting $1.2 trillion in digital financial transactions [1][10] Market Opportunity - The company aims to tap into the $47 billion global digital identity solutions market, projected to exceed $200 billion by 2034, alongside the $282 billion stablecoin market, $1.7 billion crypto payment gateways sector, and $913 billion global remittances industry [2] Self-Sovereign Identity (SSI) Framework - HUBT will facilitate self-sovereign identity (SSI) for users, transforming compliance-heavy processes into value-generating assets, addressing issues like rising costs, fraud vulnerabilities, and user friction in financial services [3][4] Compliance and Fraud Challenges - Financial institutions face escalating compliance costs, with KYC/AML verification potentially costing up to $30 million annually per institution, and individual reviews costing around $3,000 [4] - Cybercrime is expected to exceed $10.5 trillion globally by 2025, with 79% of organizations reporting payments fraud in 2024 [5] Trvsthub™ Features - Trvsthub™ will decentralize identity management, allowing users to control their data via secure digital wallets, enabling "verify once, reuse everywhere" mechanics for low-friction value transfers [6][7] - The platform will utilize zero-knowledge rollups (ZK-rollups) for credential verification without revealing underlying data, supporting compliant stablecoin issuance and crypto wallet linkages [8] Value Proposition - The three-pillar value proposition includes quantum-resilient security, instant onboarding to reduce verification times, and dramatic cost savings by automating compliance, potentially cutting KYC expenses by up to 80% [13]