Machine data analytics specialist Splunk shares jumped more than 21% in pre-market trading Thursday, after Cisco Systems Inc. agreed to buy Splunk Inc. for $157 a share in cash in a deal valued at about $28 billion. The price is a 31% premium to Splunk’s previous closing price on Wednesday. The deal value represents around 10% of Cisco’s market value. The deal is CSCO’s biggest acquisition ever and a massive push into software and artificial intelligence-powered data analysis. The SPLK … Continue reading “Cisco Buys Machine Learning Data Specialist Splunk for $28 Billion”
Crypto Hackers in 2022 on Track for Record Stolen with Over $US3 Billion Already
Blockchain specialist Chainalysis reports that at least $US718 million has been stolen so far in October alone by hackers from cryptocurrencies. That takes the gross stolen in the year past $US3 billion and on course to be a record for the total value hacked. The targets are predominantly decentralized finance (DeFi) protocols deploying software-based algorithms for crypto investors to bypass a central intermediary. Unfortunately, the security for DeFi has not grown with the sophistication of hackers. What we have seen … Continue reading “Crypto Hackers in 2022 on Track for Record Stolen with Over $US3 Billion Already”
Machine Learning Data Specialist Splunk Reaffirm Guidance as CFO Leaves to Join Arm
Machine data analytics specialist Splunk announced CFO Jason Child will depart to become the CFO at Arm Ltd, which has been planning to go public via Softbank after NVIDIA’s $40 bln bid to acquire the company fell apart. SPLK reaffirmed its Q3 revenue guidance of $835-$855 mln, and all of its guidance for FY23. Less than one year ago Splunk’s former CEO, Doug Merritt unexpectedly stepped down while the company was struggling to find its footing amid a major business … Continue reading “Machine Learning Data Specialist Splunk Reaffirm Guidance as CFO Leaves to Join Arm”
Zscaler Raises Guidance on Rising Cloud Based Cybersecurity Demand
Zscaler shares soared 10% after beating earnings expectations and raising guidance for the fiscal fourth quarter. $ZS’s fiscal 2023 outlook came in above views. The digitization of business underscored that the shift continues to benefit $ZS with the surge in demand for its cloud security products. $ZS shares jumped on the release in the extended session Thursday 12%, following a 4.4% rise in the regular session. Zscaler Fiscal Fourth Quarter Earnings Zscaler (ZS) beat by $0.04, beat on revs Guided Q1 EPS … Continue reading “Zscaler Raises Guidance on Rising Cloud Based Cybersecurity Demand”
Cloud Security Demand Sends Zscaler Stock To Record Highs
Zscaler shares soared to an all time high after beating earnings exppectations and raising guidance as the lockdown Work From Anywhere Trend (WFA) and the digitization of business underscored that the shift continues to benefit $ZS with the surge in demand for it’s cloud security products.
WidePoint Stock Soars 50 Percent After Wins $500 Million Homeland Security Contract
Technology security company Widepoint was awarded the U.S. Department of Homeland Security Cellular Wireless Managed Services (CWMS) 2.0 Contract valued at up to $500 million. The first CWMS contract was awarded to WidePoint in 2013. $WYY stock soared over 50% on the news, The new contract size is around 10 times the companies market cap.
Cybersecurity firm CrowdStrike Swung To A Profit and Raised Guidance
Cybersecurity firm CrowdStrike reported first-quarter earnings Tuesday swinging to a profit with stronger revenue $CRWD also raised earnings guidance above expectations, sending shares up. Cloud-based security software customers include Amazon Web Services and Credit Suisse.
CrowdStrike IPO Hacks a 97% Gain on Debut
Cybersecurity firm CrowdStrike first day of trading on the Nasdaq saw $CRWD surge 90% from its IPO price of $34. $CRWD cloud-based security software customers include Amazon Web Services and Credit Suisse. PR from high profile hacking including North Korea, Russia and China help.