CIBR

Check Point Software Technologies Ltd (NASDAQ:CHKP) reported fiscal second-quarter 2024 revenue growth of 7% year-on-year to $627.4 million, beating the analyst consensus estimate of $623.3 million.  The American-Israeli enterprise security solution provider’s adjusted EPS of $2.17 beat the analyst consensus estimate of $2.16. Revenue from Products and licenses grew by 1.0% to $118.1 million, Security subscriptions increased 13.7% year over year to $271.7 million, and Software updates and maintenance rose 2.0% year over year to $237.6 million. Margin: Adjusted operating margin declined to 42.3% Y/Y. The operating margin declined to 33.3% from 37.5% a year ago as operating expenses s

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) experienced a significant decline in its stock price following an incident involving a company update that affected products from Microsoft Corporation (NASDAQ:MSFT). This resulted in widespread outages across various key sectors globally. In a statement on Saturday, CrowdStrike said it is currently assisting affected customers due to a flaw discovered in a specific content update for Windows hosts. The incident has not disrupted Falcon Complete and OverWatch services, it said. The Microsoft-CrowdStrike incident impacted businesses worldwide, including airlines, banks, media and even 911 services, and has highlighted a heavy reliance on a few

U.S. cybersecurity firm Crowdstrike Holdings Inc. (NASDAQ:CRWD) is attempting to recover sharp premarket losses felt overnight and in the early hours on Friday as an update on its cloud software triggered a global tech outage. What Happened: A failed update of CrowdStrike's Falcon platform on Thursday night led to widespread disruptions in Microsoft systems, pushing critical global services such as airports, ports, financial institutions and hospitals to a standstill. The issue stemmed from a technical error in the software update, ruling out initial speculation of a hacker attack. George Kurtz, president and CEO of CrowdStrike, stated on X the company is “actively working with custome

Cyberattacks have targeted car dealerships, causing widespread outages in the latest test of cybersecurity’s might. What Happened: Approximately 15,000 car dealerships throughout the U.S. that use CDK Global, a private software company, had their services disrupted following cyberattacks on CDK Global’s platform on Wednesday. According to Axios, CDK told customers on Thursday that it did “not have an estimated time frame for resolution and therefore our dealers’ systems will not be available likely for several days.” Dealers are now using pen and paper rather than computer systems for several functions. Some routine actions, such as title work, cannot be done amid the outage. De

Digital communications technology conglomerate Cisco Systems Inc (NASDAQ:CSCO) is reportedly planning to establish a cybersecurity center in Taiwan and collaborate with the local government to expand the cybersecurity workforce. This initiative was unveiled on Monday as part of the company’s ongoing efforts to enhance digital security infrastructure in regions facing high cyber threat levels, reported Reuters. The decision follows continuous reports of cyberattacks targeting Taiwan, which authorities suspect originate from mainland China. Despite China’s denial of such activities, the intensity of these cyber operations has prompted huge concerns. As part of its broader “Taiwan D

Science Applications International Corp (NYSE: SAIC) reported a 9% revenue decline year over year in the fiscal first quarter of 2025 to $1.847 billion, marginally beating the analyst consensus estimate of $1.844 billion. Adjusted EPS of $1.92 was in line with the analyst consensus estimate. The sale of the logistics and supply chain management business and contract completions mainly led to the topline decline. Adjusting for the impact of the divestiture of the Supply Chain Business, revenues grew by 0.4%. The adjusted operating margin declined by 30 bps to 8.6%. Adjusted EBITDA margin declined by 30 bps to 9.0%. SAIC generated $13 million in free cash flow for the quarter ve

CyberArk Software Ltd. (NASDAQ:CYBR) inked a deal to acquire Venafi from Thoma Bravo for an enterprise value of $1.54 billion. The acquisition value includes around $1 billion in cash and about $540 million in shares. The transaction is expected to close in the second half of 2024, subject to customary closing conditions. Post closure, the company expects Venafi to add around $150 million in annual recurring revenue (ARR). Also, Venafi is projected to bring a strong business model, with 95% in recurring revenue, including SaaS and Term Based License Revenue. The transaction is anticipated to be accretive to margins immediately, with significant revenue synergies through cross-sell,

CyberArk Software Ltd (NASDAQ:CYBR) reported fiscal first-quarter 2024 revenue growth of 37% year-on-year to $221.55 million, beating the analyst consensus of $213.29 million.  The information security company posted an adjusted EPS of $0.75, which beat the analyst consensus of $0.28. The stock price declined after the print. Segments: Revenues from Subscriptions expanded 69% Y/Y to $156.2 million. Maintenance and professional services were $62.4 million vs. $65.1 million Y/Y. Also Read: Why Microsoft, Alphabet, Amazon, Palantir, And Meta Could Rise 15% In 2024, According To Analyst Key Performance Indicators: Annual Recurring Revenue (ARR) increased 34% Y/Y to $811 million. The

Chinese state-sponsored hackers are orchestrating advanced attacks that could “wreak havoc” on critical U.S. infrastructure, Federal Bureau of Investigations (FBI) director Christopher Wray said. “Everything from water-treatment facilities and energy grids to transportation and information technology — form the backbone of our society,” he told attendees at Thursday’s Summit on Modern Conflict in Nashville. What happens if those things are attacked? Wray warned that such a scenario could occur at any time. “China is positioning its enormous hacking enterprise — remember, 50 to 1 — for more than ‘just’ the outrageous theft campaign,” he added. “It's using that mass, those numbers,

Intel Corporation (NASDAQ:INTC) shares are trading lower in the premarket session on Wednesday. The company expanded its pact with Infosys Limited (NYSE:INFY) to assist global enterprises in accelerating their AI journeys.  The advanced artificial intelligence (AI) solutions offered as a part of this collaboration will aim to help businesses become cost effective and performance driven while being responsible by design. Infosys Topaz, an AI-centric suite aiding businesses in leveraging generative AI, will incorporate Intel’s solutions like Xeon processors, Gaudi accelerators, and Core Ultra Processors.  According to Benzinga Pro, INFY stock has gained over 7% in the past year. In

Piper Sandler analyst James Fish reiterated Cisco Systems Inc (NASDAQ:CSCO) with a Neutral and raised the price target from $47 to $51. On March 14, Cisco won the EU clearance for its pending Splunk deal, resulting in Cisco closing on Splunk on March 18, long ahead of the initial close date and giving Cisco approximately half a quarter of its contribution in the fiscal third quarter.  Cisco raised $13.5 billion of debt at a 5% average cost of debt at the end of February to finance the transaction.  Fish’s “Base” Case that is now included in his estimates given the deal closure results in Splunk achieving over $5 billion of revenue by fiscal 2026, Splunk (with synergies) having 38% o

Meta Platforms Inc.‘s (NASDAQ:META) outage on Tuesday, which affected users of Facebook, Instagram and Messenger, underlined a growing mistrust of the ability of technology companies to operate securely and keep customers safe from cybersecurity threats. The outage followed another incident, reported by many technical publications over the weekend, when a security researcher discovered an unprotected database belonging to a short message service (SMS). The SMS was responsible for sending authentication codes to users of Meta, Alphabet Inc.‘s (NASDAQ:GOOGL) Google and several cryptocurrency firms, among others. Andy Stone, Meta’s chief of communications, issued a statement on X follo

Shares in Palo Alto Networks Inc (NASDAQ:PANW) are bouncing back this week following a steep drop last week after it reported weaker-than-expected earnings guidance. The shares fell 28% after CEO Nikesh Arora noted in a conference call following the results, that clients were beginning to show signs of “spending fatigue” — even as online cybersecurity threats increased. Shares in Palo Alto’s sector rivals fell in sympathy, with CrowdStrike Holdings Inc (NASDAQ:CRWD) down around 10% on the day and Zscaler Inc (NASDAQ:ZS) falling nearly 15%. Of course, customers are getting spending fatigue. Cybersecurity costs rise in tandem with the growing risk of attack and complexity of threat. I

The pressing need to combat a new breed of cybercriminals using artificial intelligence to trick their way into government and corporate records is likely to be the driving force behind AI deployment in the coming months. This was underlined on Wednesday after Microsoft Corporation (NASDAQ:MSFT) said in a report that it had detected hacking groups with affiliations to institutions such as Russian military intelligence, Iran’s Revolutionary Guard and Chinese and North Korean government agencies using OpenAI‘s large language model (LLM) generative AI (GenAI) tools. AI-powered cybersecurity network companies are already among the biggest gainers on the S&P 500 this year. In a report on M

Mother of all Breaches (MOAB), a massive data leak, includes records from numerous leaks, breaches, and private databases.  Cybersecurity expert Bob Dyachenko and the Cybernews team have uncovered this colossal breach, featuring billions of records, likely with an unidentified owner.  Although the breach primarily consists of data from previous breaches, it likely contains new, unpublished information, Cybernews reports.  Spanning 26 billion records across 3,800 folders, each representing a separate breach, the leak is suspected to house unique data.  Researchers suggest its owner, potentially a malicious entity or data broker, may be interested in storing such vast data volumes.

Economists and market analysts have been prophesying a recession since mid-2022, with their forecasts falling into what appears to be a constant echo chamber. What Happened: Neil Dutta, head of economics at Renaissance Macro Research, challenged the narrative, arguing that clinging to dire predictions in the face of contradictory evidence isn’t just misguided — it’s a glaring refusal to let go of a forecast analysts have "fallen in love" with. In a note issued to investors on Monday, Dutta said the recent and constant recession chatter doesn’t withstand scrutiny, particularly given current economic indicators. “There is only so long one can keep claiming that the recession is just six

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 138 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: December 23, 2022 Record Date: December 27, 2022 Payable Date: December 30, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount Long-Term Capital Gain Per Share Amount     ACTIVELY MANAGED EXCHANGE-TRADED FUNDS       First Trust Exchange-Traded Fund III   FCAL Nasdaq First Trust California Municipal High Income ETF

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 135 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations:   Expected Ex-Dividend Date:   June 24, 2022   Record Date:   June 27, 2022   Payable Date:   June 30, 2022 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III    FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly   $0.0925 FEMB   N

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 120 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: March 25, 2022 Record Date: March 28, 2022 Payable Date: March 31, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0900 FEMB Nasdaq First Trust Emerging Markets

The Ukrainian crisis is widely expected to have a modest negative impact on multinationals with exposure to the eastern European country. An analyst at Wedbush, meanwhile, sees the cybersecurity sector as a potential beneficiary of the adversity. Brace For More Cyberattacks: Russian state-sponsored organizations could step up cybersecurity attacks on U.S. and European governments and enterprises over the coming months, analyst Daniel Ives said in a note. This has added growth tailwinds for the cybersecurity sector, the analyst said. Well-positioned vendors should therefore be a focus sector for tech investors during the current market turmoil, he added. Massive cyber warfare could be in

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 133 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   December 23, 2021 Record Date:   December 27, 2021 Payable Date:   December 31, 2021 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   Short-Term Capital Gain Per Share Amount   Long-Term Capital Gain Per Share Amount           ACTIVELY MANAGED EXCHANGE-TRADED FUNDS                    First Trust Excha

First Trust Advisors L.P. ("First Trust"), a global exchange-traded fund (ETF) provider and asset manager, announced that the Mexican pension funds investment regulator, La Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR), has approved an additional First Trust ETF for sale to Mexican funded pensions, known as AFORES. In accordance with Mexico's pension plan investment guidelines, CONSAR must approve an ETF before it can be purchased in a pension fund. Newly Approved First Trust Nasdaq Cybersecurity ETF (CIBR) "As an industry leader in thematic solutions, we are thrilled to see more pensions in Mexico and across the region integrating thematic allocations into their global

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 122 exchange-traded funds (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   June 24, 2021 Record Date:   June 25, 2021 Payable Date:   June 30, 2021   Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0950 FEMB Nasdaq First Trust Emerging Markets Local Curren