Does Palo Alto Pose a Real Competition to FireEye in Cybersecurity?
FireEye (FEYE) employs malware sandboxing technology to identify advanced security threats before they intrude and infect a network.
Can Cisco Continue Revenue Growth in Its Security Business?
According to IDC, the worldwide security appliance market grew YoY in vendor revenues and unit shipments in 2Q16 (fiscal 4Q16 for Cisco).
Is FireEye’s Falling Share Price a Threat to Its Existence?
FireEye’s massive stock fall since 2015 makes it an ideal acquisition target for established technology companies. Falling stock prices have depressed the company’s valuations.
How Could Cyphort’s Acquisition Benefit Juniper Networks?
In September 2017, Juniper Networks (JNPR) announced that it would acquire software security company Cyphort for an undisclosed sum.
Palo Alto’s Billings Growth Continues to Exceed Estimates
Palo Alto’s revenues and billings growth exceeded analysts’ expectations. For fiscal 2016, its billings grew 56% to $1.9 billion.
How Did Palo Alto Networks’ Deferred Revenues Rise 70% in 1Q16?
Deferred revenue rose 71% on year-over-year basis to $804.5 million while billings rose 61% to $388 million.
What Impacted Cisco Systems’ Security Revenues in Fiscal 2Q18?
In fiscal 2Q18, Cisco’s (CSCO) Security segment posted revenues of $558.0 million, a 6.0% increase compared to $526.0 million in fiscal 2Q17.
What Drove Fortinet Stock Lower on November 2?
Fortinet (FTNT) fell 13.3% on November 2 to close at $72.56.
Why Analysts Maintain a Neutral View on Symantec Stock
The average target price for Symantec provided by 29 analysts came in at $21.10 on August 27.
PANW Stock Declines, Guidance Falls below Estimates
PANW shares have fallen more than 8.5% in pre-market trading today. The company announced its earnings results for the first quarter of 2020 on Monday.
Ping Identity Stock Surges after Q3 Results
Ping Identity shares have gained 20% after it announced its quarterly results on Wednesday. The company reported sales of $61.8 million.
Why Is CyberArk Stock Soaring Today?
CyberArk (CYBR) shares are trading close to 11% higher today at the time of this writing. The company announced its third-quarter results today.
Fortinet and Qorvo Gain while ANET Sinks After-Hours
Tech stocks Qorvo (QRVO), Fortinet (FTNT), and Arista Networks (ANET) just reported earnings and are big movers in today’s after-hours trading session.
CRWD Tanks 9.5% after Citi Initiates Coverage with ‘Sell’
CrowdStrike (CRWD) fell 9.5% today to close at $54.52. Analyst Walter Pritchard initiated coverage on CRWD with a “sell” rating and a target price of $43.
CyberArk Stock Down 10.0% despite Earnings Beat
CyberArk announced impressive second-quarter earnings results on August 7, but it was down over 10.0% in the first hour of trading. Why?
How Broadcom Plans to Benefit from Its Upcoming Acquisition
Yesterday, after it was reported that Broadcom was in late-stage talks to acquire Symantec, its stock fell 3.5%. Here’s why.
A Look at Fortinet’s Total Addressable Market
Fortinet (FTNT) is one of the largest players in the cybersecurity space.
What Are Fortinet’s Valuation Multiples?
Fortinet (FTNT) is expected to grow sales by double-digit rates over the next few years.
Fortinet Gains Market Share in Worldwide Security Segment
Fortinet managed to increase sales by 17.7% in the fourth quarter
How Fortinet’s Earnings Growth Has Trended
Fortinet (FTNT) has managed to improve profitability over the years with sales growth.
What Are Fortinet’s Key Revenue Drivers for 2019 and Beyond?
Analysts expect Fortinet’s sales to rise 16% in fiscal 2019 to $2.09 billion, 13.2% in 2020 to $2.37 billion, and 11% to $2.62 billion in 2021.
What Could Drive FireEye Shares Higher
FireEye (FEYE) is not yet GAAP-profitable. Though the company has managed to improve its net margin from -104% in 2014 to -29.3% in 2018, it’s likely to improve to -12.5% by 2021.
Exploring Analysts’ Q1 Revenue, Earnings Estimates for Proofpoint
High-growth cybersecurity company Proofpoint (PFPT) is scheduled to announce its first-quarter earnings results on April 25.
Is Fortinet Stock Overvalued after Generating Huge Returns?
Cybersecurity (HACK) stock Fortinet (FTNT) has generated returns of 68% in the last 12 months.
Analyzing Symantec’s Partnership with Fortinet
On December 11, Symantec announced that it will partner with Fortinet (FTNT) to provide comprehensive security solutions.
What Next for Imperva?
Imperva (IMPV) now looks to be firmly on track to be acquired by Thoma Bravo after its go-shop window closed.
Why FireEye Stock Is Overvalued
On October 11, FireEye (FEYE) was trading at a forward EV-to-EBITDA multiple of ~26.1x as compared to the industry average of 8.1x.
What Affected Symantec Stock in May?
Shares of cybersecurity (HACK) company Symantec (SYMC) fell 25% in May and closed at $20.78.
Cisco Leads in Security Appliances—But for How Long?
Cisco Systems (CSCO), with its 15.9% market share, retained its lead in the security appliance market in calendar 2Q17.
Inside Cisco’s Security Segment: Revenue Outlook for Fiscal 1Q18
In fiscal 2017, Cisco’s Security segment generated revenues of $2.2 billion—a rise of 9% YoY, compared with its revenues of $2 billion in fiscal 2016.
How Wall Street Analysts View Symantec Stock
Of the 28 analyst recommendations for Symantec stock, there was only one “sell” recommendation on August 24, 2017. More than 50% of the recommendations were “hold,” and the rest were “buy.”
Cisco’s Value Proposition in the Cybersecurity Space
Recurring revenues made up 31% of Cisco’s total fiscal 3Q17 revenues compared to 29% in fiscal 3Q16.
How Juniper Networks Performed in 1Q17
Juniper Networks (JNPR) announced its 1Q17 results on April 25, 2017, and reported revenues of ~$1.2 billion. Its revenues fell 12% sequentially and rose 11% year-over-year.
Why Juniper Networks Expects Revenue Growth in Fiscal 2017
Juniper reported revenue of $1.4 billion in 4Q16, a rise of 5.0% YoY and 8.0% QoQ. Non-GAAP net income rose 3.0% YoY and 15.0% QoQ.
Where Does Cisco Stand in the Cybersecurity Space?
On January 30, 2017, Cisco was the largest global player in the security space by market capitalization.
FireEye’s Value Proposition in the Cybersecurity Space
Cisco Systems is considered a leader in security appliances, but IDC recently stated that Palo Alto, with its 17.1% market share, leads the security market.
What Symantec’s Data Loss Prevention Could Gain from Blue Coat
A leader in the data loss prevention space Earlier in this series, we discussed Symantec’s (SYMC) Enterprise Security segment’s performance in fiscal 2Q17. We also learned that Symantec was recognized as a leader in endpoint protection. Additionally, it launched SEP (Symantec Endpoint Protection) 14 and SEP Cloud. These launches ensured that “Symantec the only company with […]
How Did Juniper Networks Perform in 3Q16?
Juniper Networks (JNPR) announced its 3Q16 results on October 25, 2016, and reported revenues of ~$1.3 billion. Revenues rose 5% sequentially quarter-over-quarter and 3% year-over-year.
What’s Palo Alto’s Value Proposition in the Cybersecurity Space?
Palo Alto’s forward EV-to-EBITDA multiple was ~43.4x. Cisco’s EV-to-EBITDA multiple was ~6.83x, while Fortinet’s EV-to-EBITDA multiple was 22.24x on August 30.
Symantec’s Fiscal 1Q17 Results Beat Analysts’ Expectations
Symantec (SYMC) recently reported its fiscal 1Q17 earnings. Its reported revenues and non-GAAP earnings per share of $884 million and $0.29, respectively, beat analysts’ expectations.
Did Juniper Networks Beat Analysts’ Estimates in 2Q16?
Juniper Networks (JNPR) recently announced its 2Q16 results and reported revenues of $1.22 billion. Revenues rose 11% quarter-over-quarter.
What Do Analysts Expect from Juniper’s 2Q16 Earnings?
Juniper Networks (JNPR) will be announcing its 2Q16 results on July 26, 2016. EPS is estimated at $0.47, with a high estimate of $0.51 and a low estimate of $0.44.
How Was Symantec’s Financial Position in Fiscal 3Q16?
With a market cap close to ~13 billion, Symantec is a leading player in the cybersecurity space.
Is IBM’s Growth in Asia-Pacific Good News for Watson?
For all of IBM’s geographies, Asia-Pacific was the only one that posted growth in fiscal 1Q16. Although the 1% growth is meager, it provides a sizable opportunity for IBM’s Watson.
How CSCO’s Sourcefire Acquisition Benefited Its Security Business
Cisco has always been a major player in the network security market. Cisco’s share of the worldwide network security market was 30% in 4Q15.
Cybersecurity Jobs to Increase 53% by 2018
According to the US Bureau of Labor Statistics, more than 0.21 million cybersecurity positions are unfilled in the United States.
Symantec’s Fiscal 2Q16 Results in Line with Analyst Expectations
On November 5, Symantec announced its fiscal 2Q16 results. The company posted $1.5 billion in revenue and non-GAAP earnings per share of $0.44.
FireEye’s 3Q15 Results Show Slow Growth
FireEye’s $165.6 million in revenues failed to meet analyst expectations by $1.5 million in 3Q15.
HACK Sees $1.3 Billion in Fund Inflows Since Inception
The HACK ETF generated investor returns of 3.7% since inception, and -1.4% in the trailing-one-month period. In comparison, it generated returns of -0.57% YTD.
All Eyes on Intronis: Inside Barracuda Networks’ Acquisition Announcement All Eyes on Intronis
Barracuda Networks announced that its intentions to acquire Intronis, a leading provider of data protection solutions to MSPs.
A TippingPoint Sale Would Be HP’s 2nd Spin-Off from 3Com
If HP finally chooses to sell off its TippingPoint division, it would be HP’s second spin-off from 3Com. H3C was the first unit to be divested by HP in mid-2015.
FireEye 2015 Outlook: Cash Flow Remains a Source of Concern
The company doesn’t have any debt on its books. But in spite of strong revenue growth, there’s yet to be a positive margin and cash flow at FireEye.
Security Software Stocks See Upward Trend
Scott Sacknoff, index manager for the SPADE Defense Index, believes that security software firms such as Palo Alto Networks and FireEye should benefit from this trend.