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Netskope Analysts Boost Their Forecasts Following Q3 Results
Benzinga· 2025-12-12 17:32
Netskope Inc (NASDAQ:NTSK) reported upbeat results for the third quarter on Thursday.The company posted quarterly losses of 10 cents per share which beat the analyst consensus estimate of losses of 40 cents per share. The company reported quarterly sales of $184.200 million which beat the analyst consensus estimate of $175.919 million.Netskope said it sees FY25 adjusted losses of 53 cents to 51 cents per share on revenue of $701 million to $703 million.“We delivered an excellent third quarter with accelerat ...
Netskope Announces Strong Third Quarter Fiscal Year 2026 Financial Results
Globenewswire· 2025-12-11 21:05
ARR increased 34% year-over-year to $754 millionQ3 revenue increased 33% year-over-year to $184.2 millionSurpassed $1 billion in Remaining Performance Obligations, reflecting 41% year-over-year growthQ3 net cash provided by operating activities was $11.2 million, representing 6% of revenueQ3 free cash flow was $10.6 million, representing a positive 6% free cash flow margin SANTA CLARA, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Netskope (NASDAQ:NTSK) a leader in modern security and networking for the cloud a ...
Netskope Advances the Safe Use of AI Agents with Model Context Protocol (MCP) Security Across the Enterprise
Globenewswire· 2025-12-01 14:00
New Netskope One platform capabilities deliver visibility and access control for MCP, the emerging standard that enables AI agents to connect to enterprise data and toolsSANTA CLARA, Calif., Dec. 01, 2025 (GLOBE NEWSWIRE) -- Netskope (NASDAQ: NTSK), a leader in modern security and networking for the cloud and AI era, today announced breakthrough security capabilities for Model Context Protocol (MCP) communications. These enhancements are part of the Netskope One platform, which helps organizations confident ...
Netskope Expands U.S. Federal Advisory Board with Former U.S. Government Leaders
Globenewswire· 2025-11-24 14:00
New members include former officials from the U.S. Department of Energy, Federal Bureau of Investigation, and U.S. Marine CorpsSANTA CLARA, Calif., Nov. 24, 2025 (GLOBE NEWSWIRE) -- Netskope, (NASDAQ: NTSK) a leader in modern security and networking for the cloud and AI era, today announced the addition of three veteran United States federal government leaders to its U.S. Federal Advisory Board. These experienced executives will provide strategic guidance on Netskope’s go-to-market strategy and efforts in U ...
Netskope to Report Third Quarter Fiscal 2026 Financial Results on December 11, 2025
Globenewswire· 2025-11-06 14:00
Core Points - Netskope will release its financial results for Q3 fiscal 2026 on December 11, 2025, after market close [1] - A live conference call will be held on the same day at 2:00 pm PT / 5:00 pm ET to discuss the results [1] - The conference call will be accessible via the company's investor relations website, with a replay available afterward [2] Company Overview - Netskope is a leader in modern security and networking for the cloud and AI era, addressing the needs of security and networking teams [3] - The company provides optimized access and real-time, context-based security for users, devices, and data [3] - Thousands of customers, including over 30 of the Fortune 100, utilize the Netskope One platform, its Zero Trust Engine, and NewEdge network for enhanced security and performance [3]
Jim Cramer Recommends CrowdStrike and Palo Alto Over Netskope as Cyber Security Picks
Yahoo Finance· 2025-10-29 15:40
Company Overview - Netskope, Inc. (NASDAQ:NTSK) provides cloud-based cybersecurity and networking solutions through its Netskope One platform, utilizing zero-trust security to protect data, users, and applications while enhancing visibility and performance [1][2] Market Position - The company's cloud-native architecture and expanded NewEdge infrastructure position it to gain market share over legacy network vendors as data consolidation increases [2] Analyst Ratings - Baird initiated coverage of Netskope with a price target of $27 and an Outperform rating on October 27 [1] - Oppenheimer analyst Ittai Kidron also initiated coverage with an Outperform rating and a price target of $28 on October 13 [2]
Research: Improved CEO-CIO Alignment Will Catalyze Strategic Decisions on AI Adoption
Globenewswire· 2025-10-13 13:00
Core Insights - The alignment between CEOs and CIOs is critical for successful AI adoption, with many CIOs seeking stronger support from their CEOs to achieve strategic objectives [1][2][6] CIO-CEO Alignment - 39% of CIOs feel misaligned with their CEOs on decision-making, and 31% lack confidence in understanding their CEO's expectations [2][6] - 34% of CIOs do not feel empowered by their CEOs to make long-term IT strategy decisions [2][6] Evolving Role of CIOs - 34% of CIOs report increased involvement in strategic priorities beyond IT, including human capital planning and digital innovation [3][6] - 37% of CIOs believe that business strategy and stakeholder management are now more important than technical expertise [7] Investment in IT Infrastructure - 41% of CIOs indicate that their businesses need to invest more in IT infrastructure, while only a third believe current investments are sufficient [7] - 26% of CIOs find it challenging to gain CEO buy-in for modernization and transformation strategies [7] Responsibilities and Expectations - CIOs are expected to balance innovation and AI adoption with cost control and risk management, focusing on business outcomes rather than hype [7] - CIOs are increasingly involved in workforce strategy, particularly regarding AI governance and performance [7] Research Methodology - The report is based on interviews with global CEOs and quantitative research involving over 200 CIOs in the US and UK, identifying six core discussion areas for better strategic outcomes [8]
Cybersecurity Stocks: Netskope IPO Jumps In First Day Of Trading
Investors· 2025-09-18 16:49
Company Overview - Netskope is a cybersecurity firm that operates a cloud-based Secure Access Service Edge (SASE) platform, supporting remote workers and branch offices [2] - Founded in 2012, Netskope competes with companies like Palo Alto Networks and Zscaler [2] IPO Details - In its initial public offering (IPO), Netskope raised over $900 million with a valuation of $7.3 billion, pricing shares at $19 [1] - Following the IPO, Netskope's stock increased by 18%, reaching $22.43 during midday trading [1] Financial Performance - For the six months ending July 31, Netskope reported a revenue increase of 31% year-over-year, totaling $328 million [2] - The company experienced a net loss of $170 million, which is an improvement from a $207 million loss in the previous year [2] Strategic Focus - Netskope's platform is designed to leverage AI for enhanced security and control over digital interactions, aiming to protect data and organizations from threats and data leaks in real time [3] - The company has a strategic focus on key markets including financial services, healthcare, and federal government [3]
Cybersecurity Firm Netskope Raises $908.2 Million in US IPO
Yahoo Finance· 2025-09-17 23:41
Company Overview - Netskope Inc. raised $908.2 million in a US initial public offering (IPO) priced at the top of the marketed range, selling 47.8 million shares at $19 per share [1] - The company is based in Santa Clara, California, and is backed by Lightspeed Venture Partners [1] Financial Performance - For the six months ended July 31, Netskope reported a net loss of $169.5 million on revenue of $328.5 million, compared to a net loss of $206.7 million on revenue of $251.3 million in the same period the previous year [5] Market Valuation - The IPO pricing gives Netskope a market value of approximately $7.3 billion, based on the number of shares in its filings with the US Securities and Exchange Commission [2] - The IPO was about 20 times oversubscribed, indicating strong investor demand [2] Industry Context - The listing signifies a resurgence of technology IPOs, with the sector raising $12 billion year-to-date, nearly 80% above the amount raised in the same period last year [3] - The current stock market rally is driven by investor interest in artificial intelligence, overshadowing concerns about tariffs and a weakening labor market [3] Customer Base and Product Offering - Netskope's cloud-native platform, Netskope One, incorporates AI models to help companies protect customers from threats and secure sensitive data [6] - Notable customers include Colgate-Palmolive Co., Home Depot Inc., and Bayer AG [6] Shareholder Structure - Post-IPO, Lightspeed is expected to hold the greatest share of voting power at 19.2%, followed by Iconiq Capital at 19.1% and Accel Partners at 8.8% [6] IPO Details - The offering is led by Morgan Stanley and JPMorgan Chase & Co., with shares expected to trade on the Nasdaq Global Select Market under the symbol NTSK [7]
Netskope Announces Pricing of Initial Public Offering
Prnewswire· 2025-09-17 23:32
Core Points - Netskope has announced the pricing of its initial public offering (IPO) at $19.00 per share for 47,800,000 shares of Class A common stock, with all shares being sold by the company [1] - The shares are set to begin trading on the Nasdaq Global Select Market under the ticker symbol "NTSK" on September 18, 2025, with the offering expected to close on September 19, 2025, pending customary closing conditions [2] - The underwriters have been granted a 30-day option to purchase an additional 7,170,000 shares to cover over-allotments [2] Underwriters and Management - Morgan Stanley and J.P. Morgan are acting as lead book-running managers for the IPO, with several other financial institutions participating as additional book-running managers [3] Regulatory Information - A registration statement for the securities was declared effective by the Securities and Exchange Commission on September 17, 2025, and the offering is being made only by means of a prospectus [4] Company Overview - Netskope is recognized as a leader in modern security and networking for the cloud and AI era, providing optimized access and real-time, context-based security for users, devices, and data [6] - The company serves thousands of customers, including over 30% of the Fortune 100, utilizing its Netskope One platform, Zero Trust Engine, and NewEdge network to enhance security and performance [6]