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☆ The future of cloud infrastructure
▼ + stars: | 2023-12-01 | by ( Sponsor Post | Sponsored Microsoft | ) www.businessinsider.com time to read: +5 min

That's why "lifting and shifting" existing on-premises SQL Server environments to SQL Server on Azure Virtual machines is a simple, quick, and cost-effective path for companies that are concerned about complex cloud migration for legacy workloads, but need to gain cloud benefits today. Simple path of migration to accelerated performanceSQL Server on Azure Virtual Machines is 100% compatible with on-premises SQL Server. Once migrated, teams can leverage their existing SQL Server skills seamlessly — using the same powerful SQL Server they are familiar with, now in the cloud. SQL familiarity with cloud innovationAzure Virtual Machine customers benefit from a comprehensive cloud computing platform with security from the ground up. The use of Azure Virtual Machines made the success of Atrium's Azure ecosystem possible.

Persons: Nic Hopper Organizations: Virtual Machines, Virtual Machine, Intel, Microsoft, Virtual, Atrium Underwriters, Insider Studios Locations: London

☆ Futures subdued ahead of comments from Fed officials; Zscaler falls
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2023. The rebound in equities in November has brought the S&P 500 (.SPX) within a very close range of its 2023 intra-day high. Multiple policy voting members are scheduled to speak during the day, including Board Governors Christopher Waller and Michelle Bowman. ET, Dow e-minis were up 14 points, or 0.04%, S&P 500 e-minis were down 1.75 points, or 0.04%, and Nasdaq 100 e-minis were down 16.25 points, or 0.1%. Boeing added 1.7% after RBC Capital Markets upgraded the aerospace company to "outperform" from "sector perform" and set a street-high price target.

Persons: Brendan McDermid, Governors Christopher Waller, Michelle Bowman, Susannah Streeter, Hargreaves Lansdown, Jefferies, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Governors, Dow e, Hargreaves, Conference, Boeing, RBC Capital Markets, Thomson Locations: New York City, U.S, United States, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2023. Multiple Fed policy voting members are scheduled to speak during the day, including Board Governors Christopher Waller and Michelle Bowman. Murphy & Sylvest's Nolte said investors were "digesting very, very strong gains for the month of November," referring to the declines. Declining issues outnumbered advancers for a 1.92-to-1 ratio on the NYSE and for a 1.63-to-1 ratio on the Nasdaq. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Paul Nolte, Sylvest, Governors Christopher Waller, Michelle Bowman, Murphy, Sylvest's Nolte, advancers, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, billings Boeing, RBC, Nasdaq, Federal Reserve, Murphy, Governors, Reuters, Dow Jones, Micron Technology, RBC Capital Markets, PDD Holdings, NYSE, Thomson Locations: New York City, U.S, billings, Bengaluru

☆ Stock futures are little changed as investors assess pause in November rally: Live updates
▼ + stars: | 2023-11-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are flat Monday night as traders analyzed the strong gains seen throughout November and the trading month nears its end. S&P 500 and Nasdaq 100 futures were both near flat. The Dow and S&P 500 both finished Monday's session around 0.2% lower, while the Nasdaq Composite inched down nearly 0.1%. Monday's modest retreat comes near the end of November's strong trading month, which concludes with Thursday's close. The Dow and S&P 500 are on pace to finish the month 6.9% and 8.5% higher, respectively.

Persons: Zscaler, Thursday's, Shopify, Terry Sandven, Austan Goolsbee, Christopher Waller, Michelle Bowman Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Dow, Investors, Amazon, U.S, Bank Wealth Management, Federal Reserve, Chicago Fed Locations: New York City, U.S, billings

☆ Zscaler's higher quarterly expenses outshine strong forecasts
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

Nov 27 (Reuters) - Zscaler (ZS.O) forecast quarterly revenue above analysts' estimates on Monday, but indications of strong cybersecurity spending were overshadowed by rising operating expenses. Shares of Zscaler fell more than 6% in after-hours trading as the cloud security company's operating expenses for the first quarter jumped by about 24% to $431.4 million. For the second quarter, Zscaler expects revenue between $505 million and $507 million, above analysts' average estimate of $496.7 million, according to LSEG data. Zscaler also raised its annual revenue and profit forecasts. The company's annual revenue is now estimated to be between $2.09 billion and $2.10 billion, compared to its previous forecast of $2.05 billion to $2.07 billion.

Persons: Jay Chaudhary, Remo Canessa, Zscaler, Arsheeya, Maju Samuel Organizations: Global, Gartner, Thomson Locations: California, Bengaluru

☆ Akamai sees Q4 profit above estimates on strong demand for cybersecurity services
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Akamai Technologies (AKAM.O) forecast fourth-quarter adjusted profit above Wall Street estimates on Tuesday, helped by strong demand for its cloud security services as rapid digitalization raises the risk of high-profile hacks. Spending on cybersecurity services have stayed resilient amid growing cyber crimes and privacy concerns even as companies tightened the budgets for other IT services. Cambridge, Massachusetts-based Akamai expects fourth-quarter adjusted profit at about $1.57 per share, compared with analysts average estimate of $1.54 per share, according to LSEG data. The company reported revenue of $965 million and adjusted profit of $1.63 per share for the quarter ended Sept. 30. Analysts expected revenue at $943.32 million and adjusted profit at $1.50 per share.

Persons: Akamai, Tanya Jain, Shilpi Majumdar Organizations: Akamai Technologies, Wall, Data Corporation . Cambridge, U.S . Department of Labor, Census Bureau, Department of Defense, eBay, Electronic Arts, Thomson Locations: Data Corporation . Cambridge , Massachusetts, Bengaluru

☆ Palo Alto Networks intends to buy startup Talon Cyber
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

Nov 6 - Palo Alto Networks (PANW.O) said on Monday it intends to buy Israeli startup Talon Cyber Security, as it looks to beef up its cyber security offering to enterprises. Founded in 2021, Talon provides secure browser and security tools to manage access to client servers from third-party and personal devices. The acquisition proposal follows a series of investments by Palo Alto in Israeli firms, which includes various buyouts of local companies since 2012. Most recently, it agreed to acquire Israeli cloud security startup Dig Security for an undisclosed amount. Talon's CEO Ofer Ben-Noon described Palo Alto as an "ideal partner," according to the press release.

Persons: Ofer Ben, Talon, George Kurtz, Arsheeya, Shweta Agarwal Organizations: Palo Alto Networks, Talon, Palo Alto, Security, Evolution Equity Partners, Thomson Locations: Alto, Tel Aviv, Bengaluru

☆ Stocks making the biggest moves before the bell: Hasbro, Southwest, Hershey, Royal Caribbean and more
▼ + stars: | 2023-10-26 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Hasbro earned $1.64 per share excluding items on $1.5 billion in revenue, while analysts polled by LSEG had anticipated $1.70 per share in earnings and revenue at $1.64 billion. Southwest posted $6.53 billion in revenue, while analysts surveyed by LSEG expected $6.57 billion. Bristol-Myers topped earnings expectations and posted revenue that was in line with expectations. ServiceNow — The software stock rose more than 3% after posting stronger-than-expected quarterly results and sharing solid subscription revenue expectations for the current period. UPS – The shipping company saw shares decline 3% premarket following its third quarter earnings report.

Persons: LSEG, Revlimid, Myers, Overstock.com, Hershey, overshadowing, Mattel —, ServiceNow, it's, Silver Lake, —, Sarah Min, Tanaya Macheel, Samantha Subin, Lisa Kailai Han, David Paul Morris Organizations: Hasbro, Southwest —, Southwest, Myers, Bristol, Overstock.com, FactSet, Royal Caribbean, Mattel, Wednesday, UPS, Endeavor Group Holdings, Endeavor, Holdings, WWE, UFC, Barclays —, Bank of America, Barclays, underperform, Hasbro Inc, Target Corp, Bloomberg, Getty Locations: Bristol, Nextracker, FactSet, Thursday's premarket, Emeryville , California, U.S

☆ Stocks making the biggest moves midday: Tesla, Netflix, American Airlines, AT&T and more
▼ + stars: | 2023-10-19 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Las Vegas Sands – The casino operator rose 3.8% after topping revenue estimates for the third quarter and pointing to a recovery in Macao and Singapore. Las Vegas Sands posted revenues of $2.8 billion, exceeding the $2.73 billion expected by analysts polled by LSEG. American Airlines — Shares advanced 2% midday even after the air carrier posted weaker-than-expected earnings and revenue for the third quarter . Netflix added 8.76 million subscribers in the quarter while analysts polled by StreetAccount forecast 5.49 million. Zscaler — Stock in the cloud security firm added 1% following an upgrade to buy from Jefferies on Thursday, citing upside to 2024 earnings estimates.

Persons: Tesla, Blackstone, LSEG, —, Alex Harring, Hakyung Kim, Samantha Subin, Tanaya Macheel Organizations: Union Pacific, LSEG, Vegas Sands, Las Vegas Sands, LSEG . American Airlines —, Netflix, StreetAccount, Lam Research, Zions, Jefferies, Blackstone — Locations: Vegas, Macao, Singapore, Las, Atlantic, Pacific

☆ Analysis: War with Hamas threatens funding recovery in Israel's vital tech industry
▼ + stars: | 2023-10-10 | by ( Steven Scheer | ) www.reuters.com time to read: +5 min

"This is not a particularly easy time to get investment," he added, noting the number of flights to Israel that have been cancelled. CONFIDENCE EARNEDThat said, Hasson and others expect Israel's tech sector to rebound in the same way it has in past conflicts with Palestinian and Hezbollah militants. Medved said that he believes that Israel will prevail as an tech investment destination. "Historically, every time Israel has gone to war, long term has been a buy side," he said. "That shift may even help push those investors who might have been reluctant (to invest in Israel)," he said.

Persons: Jon Medved, Israel, Maya Eisen Zafrir, Avi Hasson, Hasson, Medved, Arie Zilberstein, Gem's, Ariel Efergan, Hillel Fuld, Steven Scheer, Krystal Hu, Louise Heavens Organizations: Overseas, OurCrowd, Hamas, Silicon Valley Bank, IVC Research, Investment, Startup Nation, Israel, U.S, Insight Partners, Security, Startup, Thomson Locations: Israel's, Israel, Gaza, Egypt, Yom, Silicon, Palestinian, New York, Tel Aviv, Jerusalem

☆ Gutsy, a cybersecurity startup from the founders of Twistlock, just raised a $51 million seed round using this 27-slide pitch deck
▼ + stars: | 2023-10-10 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Gutsy, a cybersecurity startup, has raised $51 million in seed funding, the company said Tuesday. Founded in 2022 and now emerging from stealth, Gutsy wants to help companies solve their issues in the increasingly complicated and overwhelming world of cybersecurity. Based in Baton Rouge, Louisiana, Gutsy's cofounders previously built container security startup Twistlock, which was acquired for $410 million by Palo Alto Networks in 2019. The company provides cloud security tools for businesses to manage their data across auditing, governance, and migration, connected via an API. The company's massive $51 million seed funding round came from YL Ventures, a backer of Twistlock, and venture firm Mayfield, alongside a number of cybersecurity angel investors. "

Persons: John Morello, Gutsy, Gutsy's, Morello, Mayfield Organizations: Palo Alto Networks, YL Ventures Locations: cybersecurity, Baton Rouge , Louisiana

☆ Stocks making the biggest moves premarket: Exxon Mobil, Lockheed Martin, Walt Disney and more
▼ + stars: | 2023-10-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

An Exxon gas station sign is seen on October 06, 2023 in the Brooklyn borough of New York City. The Wall Street firm said the software stock is at an attractive entry point after its recent pullback. Exxon Mobil , Chevron , Occidental Petroleum — Energy stocks popped as oil prices rallied following the Hamas attack on Israel over the weekend. Blue Owl Capital — Shares of the investment company dropped 2.6% after Oppenheimer downgraded Blue Owl Capital to perform from outperform. Lockheed Martin — The aerospace and defense company saw shares rise about 4.5% in premarket trading following the surprise attack on Israel by Palestinian militant group Hamas over the weekend.

Persons: Walt, Nelson Peltz's, Trian's, Trian, Saket Kalia, Oppenheimer, Bristol Myers, Tesla, Lockheed Martin, — CNBC's Brian Evans, Lisa Kailai Han, Fred Imbert, Hakyung Kim, Yun Li, Tanaya Macheel, Pia Singh Organizations: Exxon, Walt Disney —, Street Journal, Management, JPMorgan, Spotify Technology, Barclays, Oracle, ISI, Exxon Mobil, Occidental Petroleum — Energy, Chevron, Occidental, Owl, Mirati Therapeutics, Bristol, Bristol Myers Squibb, China Passenger Car Association, Lockheed, Hamas Locations: Brooklyn, New York City, Chevron, Israel, China, Palestinian

☆ Here are Monday's biggest analyst calls: Tesla, Arm, Meta, Amazon, Apple, Netflix, Disney, Oracle & more
▼ + stars: | 2023-10-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Netflix as neutral Goldman said it's standing by its neutral rating heading into earnings next week. Barclays reiterates Disney as equal weight Barclays said it's cautious on Disney heading into earnings in early November. JPMorgan reiterates Apple as overweight JPMorgan said its Apple survey checks show product delivery times are moderating. Bank of America initiates Motorola Solutions as buy Bank of America said Motorola is "well-positioned with multiple tailwinds supporting growth." Bank of America downgrades Datadog to neutral from buy Bank of America said it's concerned about slowing demand for the software company.

Persons: Wells, JPMorgan, Domino's, Goldman Sachs, Goldman, it's, Baird, Tesla, TSLA, Jefferies, Redburn, Evercore, Lennox, Piper Sandler, Piper Organizations: Meta, JPMorgan, Arm Holdings, Bank of America, Netflix, Barclays, Disney, ESPN, Apple, Holdings, " Bank of America, Motorola Solutions, Motorola, American, Spotify, Oracle, Citi, Patterson, UTI Energy Locations: Datadog, SASE, CY26

☆ Barclays upgrades this software stock, says it can capitalize on emerging form of cybersecurity
▼ + stars: | 2023-10-09 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Zscaler could benefit from the growth of an emerging form of cybersecurity, according to Barclays. The firm upgraded the cloud security stock to overweight from equal weight and upgraded its price target to $190 from $176. Analyst Saket Kalia said the company's growing Zscaler for Workloads platform as well as a growth opportunity in the secure access service edge (SASE) cybersecurity segment underpinned the upgrade. The analyst added that growth in SASE cybersecurity could grow to become the same size or larger than regular network security protocols in three years, which could help propel Zscaler going forward. ZS YTD mountain Zscaler in 2023 — CNBC's Michael Bloom contributed to this report.

Persons: Saket Kalia, we're, Kalia, Zscaler, —, Michael Bloom Organizations: Barclays Locations: SASE

☆ Stocks making the biggest moves midday: General Dynamics, United Airlines, Spotify and more
▼ + stars: | 2023-10-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Spotify — Shares of the music streaming service company fell 2.5% after Redburn Atlantic downgraded the streaming giant to neutral from buy. Tesla — The automaker's stock fell 2.3% in Monday trading upon news that the company's year-over-year sales declined 10.9% in China last month, according to data from the China Passenger Car Association. Oil stocks — Energy stocks soared following the escalation of the Israel-Hamas conflict over the weekend. Airline stocks — On a broader level, airline names were down after several major airlines suspended service to Israel following this weekend's attacks. United Airlines slid 5.3%, while Delta Air Lines and American Airlines shed 4.5% and 5.3%, respectively.

Persons: Elizabeth, Saket Kalia, Bristol Myers, Tesla, Baird, — Datadog, Hess, Northrop Grumman, Yun Li, Tanaya Macheel, Sarah Min, Jesse Pound Organizations: General Dynamics Corp, Spotify, Atlantic, Amazon, Barclays, Therapeutics, Bristol, Bristol Myers Squibb, China Passenger Car Association, Motorola Solutions, Motorola, Bank of America, — Energy, Halliburton, CF Industries, Defense, L3Harris Technologies, General Dynamics, Airline, United Airlines, Delta Air Lines, American Airlines Locations: NASSCO, Norfolk , Virginia, China, Israel, Palestine

☆ Companies want to spend more on AI to defeat hackers, but there's a catch
▼ + stars: | 2023-10-03 | by ( Rachel Curry | ) www.cnbc.com time to read: +4 min

And there is risk that as AI speeds the development of software, new iterations will roll out so quickly that flaws may be missed. Less panic, more preparednessExperts view cloud migrations and AI as the two biggest threats to an organization's cybersecurity right now. "Every company is going to have to be concerned about how well they're protecting their assets and information as they move to the cloud," Casey said. Casey also recognizes that developers are creating software faster with AI. "If we're developing software faster, we're introducing vulnerabilities faster.

Persons: Mike Scott, CISO, Scott, Andrew Casey, Casey, I've, that's, CISOs, they've Organizations: IBM, Benz, ADP

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S. economy. Rivian Automotive (RIVN.O) advanced 2.9% after Evercore ISI raised the EV maker's stock to "outperform" from "in line". Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Jerome Powell, Patrick Hasker, Loretta Mester, Russell Hackmann, Kevin McCarthy, bitcoin, Piper Sandler, Goldman Sachs, Shubham Batra, Shashwat Chauhan, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal, Philadelphia Fed, Cleveland Fed, Hackmann Wealth Partners, Democratic, Republican, Dow e, Nvidia, Rivian, ISI, EV, Thomson Locations: New York City, U.S, Powell, Singapore, Bengaluru

☆ Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billion
▼ + stars: | 2023-09-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

(Photo by Jakub Porzycki/NurPhoto via Getty Images)Cisco is acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion, the company said Thursday. The acquisition is one of Cisco's largest, and continues an acquisition streak which has built out the company's cybersecurity offerings. Splunk is a cybersecurity company that helps enterprises monitor and analyze their data to minimize the risk of hacks and resolve technical issues faster. If Cisco backs out of the deal or is forced to do so because of regulatory intervention, it will pay Splunk a termination fee of $1.48 billion, according to a regulatory filing. If Splunk backs out of the deal for any reason, it will pay a $1 billion breakup fee to Cisco.

Persons: Jakub Porzycki, Chuck Robbins, Robbins, Simpson Thacher, Moore, Morgan Stanley, Flom, Splunk Organizations: Getty Images, Cisco, Tidal Partners, Qatalyst Partners Locations: Krakow, Poland, Slate

☆ Fog is the latest tool retailers are deploying to fight theft
▼ + stars: | 2023-09-19 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

One such system fills a space with a dense, dry fog to reduce visibility and disorient criminals. In particular, the system was so effective at curbing cigarette theft from UK convenience stores, the company said, that thieves began targeting stores without the tech. Large retailers including Target and Dick's Sporting Goods have blamed a rise in retail theft for taking a larger bite out of profits, as well as jeopardizing the safety of workers and customers. Industry groups estimate inventory shrink costs companies more than $100 billion, with external theft contributing about 37% of that figure. A small business owner in Chicago told the local CBS affiliate she installed the Density system after her store was hit with a pair of robberies within one year.

Persons: Mike Egel, DensityUSA, Egel Organizations: Service, Target, Dick's Sporting Goods, Industry, Washington Examiner, CBS Locations: Wall, Silicon, Chicago

☆ Stocks making the biggest moves premarket: Enbridge, Roku, GitLab and more
▼ + stars: | 2023-09-06 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Roku also lifted its third-quarter revenue guidance, saying it now expects revenue to range between $835 million and $875 million, versus prior guidance of $815 million. Along with the workforce reductions, Roku said it plans to consolidate office space and review its content slate to trim expenses. Zscaler posted adjusted earnings of 64 cents per share while analysts polled by LSEG, formerly known as Refinitiv, expected 49 cents. Additionally, the cybersecurity company said earnings and revenue should come in ahead of what analysts anticipate in the current quarter. GitLab — Shares of the technology platform jumped 6.5% in premarket trading following a strong second-quarter report postmarket Tuesday.

Persons: Roku, Zscaler, Needham, GitLab, LSEG, Asana, AeroVironment, Sam Subin, Michelle Fox Theobald, Jesse Pound Organizations: LSEG, Revenue, Dominion Energy, Dominion, UBS, Southwest Airlines —, Southwest, Novo Nordisk — Locations: Hastings, Hudson , New York, Enbridge, Dallas, Danish, Europe

☆ Stocks making the biggest moves midday: Roku, Tesla, AMC, AeroVironment and more
▼ + stars: | 2023-09-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Roku also boosted its third-quarter revenue guidance to between $835 million and $875 million, versus prior guidance of $815 million. AMC Entertainment — Shares tumbled 36.8% after AMC said it plans to sell up to 40 million new shares to raise cash. The issuance of additional shares was expected after it converted preferred APE shares into AMC common stock in August. Revenue also beat expectations, coming in at $152 million, versus the $129 million expected. Harley-Davidson — The motorcycle maker gained 3.16% after it authorized the repurchase of up to an additional 10 million shares.

Persons: Roku, Tesla, Elon Musk, Apple, AeroVironment, Thoma Bravo, Davidson, Zscaler, LSEG, Wall, Dexcom, —, Macheel, Alex Harring, Michael Bloom Organizations: Street, SpaceX, Twitter, AMC, Journal, Bank of America, LSEG, Revenue, Healthcare, Dominion Energy, Dominion, Southwest Airlines —, Southwest Airlines Locations: Virginia, China, Enbridge, Southwest

☆ Stocks making the biggest moves after hours: GitLab, Zscaler, AeroVironment and more
▼ + stars: | 2023-09-05 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Zscaler — The cloud security stock slipped 1% even after a better-than-expected report for its fiscal fourth quarter and strong current-quarter guidance. Zscaler reported adjusted earnings of 64 cents per share while analysts polled by LSEG, formerly known as Refinitiv, expected 49 cents. GitLab posted adjusted earnings of 1 cent per share on $140 million in revenue. Meanwhile, analysts polled by LSEG anticipated a loss of 3 cents per share and revenue of $130 million. Analysts polled by LSEG called for earnings of 26 cents per share and revenue of $129 million.

Persons: Zscaler, GitLab, LSEG, Asana, AeroVironment, Darla Mercado Organizations: LSEG, Revenue

☆ Cybersecurity startup Wiz considers potential bid for SentinelOne
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAug 25 (Reuters) - Cybersecurity startup Wiz said on Friday it is considering a potential bid for SentinelOne (S.N) after the $4.9 billion company started exploring strategic options. SentinelOne has struggled to become profitable, with clients slashing their information technology spending amid an uncertain economy and sticky inflation. Earlier in the week, people familiar with the matter told Reuters the SentinelOne was exploring options that could include a sale. SentinelOne has hired investment bank Qatalyst Partners to advise on discussions with potential acquirers, including private equity firms, the sources had said. Wiz and SentinelOne in March had announced an exclusive partnership to deliver end-to-end cloud security.

Persons: Brendan McDermid, SentinelOne, Jaspreet Singh, Krishna Chandra Organizations: SentinelOne Inc, New York Stock Exchange, REUTERS, Reuters, Qatalyst Partners, Thomson Locations: New York City, U.S, Bengaluru

"It's just a very high level of uncertainty," said Amit, who is registering his artificial intelligence-based cloud security firm Gomboc in Delaware. Michael Fertik, founder of Heroic Ventures, a Silicon Valley-based early-stage venture investor, has invested in more than a dozen Israeli startups since 2015. He insists on Delaware incorporation and existing Israeli startups seeking a new funding round from him must switch. But the Israeli government's judicial overhaul is casting a shadow for some. Adam Fisher, a partner at Bessemer Venture Partners and long-time investor in Israeli startups, has been happy to invest in Israeli-based tech firms over the past decade.

Persons: Amir Cohen, Benjamin, Ian Amit, Amit, Ami Applebaum, Yair Geva, Herzog, Fox, Neeman, Ronen Feldman, Michael Fertik, Adam Fisher, Fisher, Ayal Shenhav, Steven Scheer, Emily Rose, Mark Potter Organizations: U.S Embassy, REUTERS, Entrepreneurs, Reuters, Israel Innovation Authority, Ministry of Innovation, Science, Technology, Startup Nation, Heroic Ventures, Delaware C Corp, Bessemer Venture Partners, Gross, Co, TechAviv, Partners, Thomson Locations: Tel Aviv, Israel, JERUSALEM, United States, Delaware

☆ Akamai Technologies forecasts upbeat third-quarter revenue, profit
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +2 min

The Cambridge, Massachusetts-based company forecasts revenue to be between $937 million and $952 million for the quarter ending Sept. 30, compared with analysts' average estimate of $931 million, according to Refinitiv data. The company expects adjusted profit per share for the third quarter to be between $1.48 and $1.52, while analysts estimated $1.41. Akamai also raised its full-year revenue forecast to between $3.77 billion and $3.80 billion, compared with its prior projection of $3.74 billion to $3.79 billion. Security and compute revenue, which formed 59% of the company's total revenue in the quarter, grew 14% over the year earlier, the company said. Excluding items, the company's profit per share was $1.49, compared with analysts' expectations of $1.41.

Persons: Akamai, Rishi Jaluria, Jaluria, Zaheer Kachwala, Jaspreet Singh, Shilpi Majumdar Organizations: Akamai Technologies, Wall, RBC Capital Markets, U.S . Department of Labor, Census Bureau, Department of Defense, eBay, Electronic Arts, Thomson Locations: Cambridge , Massachusetts, Bengaluru

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