Technology
Verbatim’s initial channel checks indicate that Q2 trends are drastically weaker on a Y/Y basis by 30% on average. Strong competitor offerings, lack of perceived need for advanced security solutions and budget constraints are reasons for lost sales. Q3 trends are also expected to be mostly weaker Y/Y. Verbatim also hears that there are no additional marketing efforts from CHKP to boost the sales pipeline. The company is either losing or having no changes in market share. While Fortinet seems to be gaining traction, particularly in the SMB space, they hear that Palo Alto is making headway in larger companies.
Edition: 190
- 12 July, 2024
Cybersecurity: Potential SEC investigations
Technology
Last October the SEC charged SolarWinds and its chief information security officer with fraud. This report looks at other companies in the cybersecurity industry that may have similar risks to an SEC investigation. Based on Veritas' Freedom of Information Act work, they received confirmations from the SEC pertaining to 15 publicly-listed cybersecurity stocks. Out of the 15 issuers confirmed, 2 attracted SEC scrutiny. Stocks mentioned: Palo Alto, CrowdStrike, Fortinet, Zscaler, Cloudflare, Check Point, Okta, Gen Digital, CyberArk, SentinelOne, Qualys, Tenable, Varonis, Rapid7 and SecureWorks.
Edition: 186
- 17 May, 2024
Cybersecurity: Beat-and-raise being replaced by marginal-beat-and-cautious-outlook
Technology
Inflection Point Research, LLC
Economic woes impacting cybersecurity vendors - security projects are being delayed / cancelled at a rate not seen for several years. Following recent earnings, IPR questions whether Tenable will be able to sustain its surprisingly impressive momentum over the next couple quarters. Varonis’ lowered guidance is consistent with IPR’s belief that their offering has shifted to being a like-to-have technology. Qualys and Rapid7’s reliance on vulnerability management must be considered a negative. Meanwhile, Check Point's results underscore IRP's hypothesis that vendor consolidation trends are strong and becoming stronger.
Edition: 148
- 11 November, 2022
Further acceleration in cyber security; other areas of IT spending are mixed
Technology
SPR's preliminary survey results report strong momentum in Q1, and the majority see continued, or accelerated growth for the rest of the year - consistent with previous views and recent reports, those Security Vendors most called out as seeing strong growth are Palo Alto, Zscaler, CrowdStrike, Fortinet and SentinelOne. Also consistent with views from last quarter, vendors with improving checks include Tenable, Ping Identity and Check Point. In contrast, SaaS vendors are having to work much harder to achieve their goals - SPR’s channels noted that SaaS projects were among those that were being pushed out.
Edition: 134
- 29 April, 2022
Channel contacts report further acceleration of spending on Cyber Security
Technology
High flying but volatile stocks like Zscaler and CrowdStrike are benefitting, but so are some less volatile vendors. Sales Pulse are seeing unexpected acceleration from…
Check Point (CHKP) - generates impressive cash flow but has lacked innovation and bled market share. Channels now see improvement in execution and benefit from spending by its massive installed base.
F5 (FFIV) - reaping the benefits of 3+ years of working on a broader security solution through organic development and acquisitions.
Tenable (TENB) - picking up a LOT of momentum based on the growing recognition by end users of the need to scan 100% of devices for vulnerabilities. This vendor is also the most direct beneficiary of efforts to address the Log4j vulnerability threat.
Edition: 127
- 21 January, 2022