SentinelOne Reports Strong Q4 Earnings But Falls Short on Guidance
Cybersecurity firm SentinelOne (S) reported strong fourth-quarter earnings, beating revenue estimates but falling short on guidance, leading to a decline in stock value. Despite a 38% increase in revenue, the stock experienced a 9% decline in extended trading. The company’s full-year fiscal revenue guidance fell slightly below expectations, but its Relative Strength Rating remains high at 93. Investors and industry analysts will be closely monitoring SentinelOne’s performance to gauge its growth potential in the cybersecurity sector.
CrowdStrike Reports Surge in Shares Following Strong Earnings and Guidance
Cybersecurity firm CrowdStrike sees surge in shares after beating top and bottom line expectations, reporting strong guidance for upcoming quarter and full year. Company’s stock jumps 21% in after-hours trading. CrowdStrike aims for $10 billion in annual recurring revenue by 2030.
Identiv, Inc. Unveils Groundbreaking Biometric Security Solution, ScrambleFactor, for Federal Facilities
Identiv, Inc. introduces ScrambleFactor, a biometric security solution designed to revolutionize access control in federal facilities. This multi-factor authentication system offers up to three layers of security and is tailored to meet the U.S. government’s FICAM PIV and CAK validations. With customizable interface and compatibility with existing software systems, ScrambleFactor sets a new standard for secure and convenient entry into federal facilities.
Scammers Exploiting DNS System to Target Victims Worldwide
Scammers using a unique DNS scam known as Savvy Seahorse are targeting victims in Australia and around the world. The operation exploits DNS functionality to deceive victims, promising easy investment and fast returns before swiftly transferring funds to a Russian bank. Infoblox researchers have uncovered the operation, which can geofence its victims and is targeting individuals in various languages. Australians and New Zealanders are prime targets due to their high disposable income, emphasizing the need for vigilance when investing money or providing financial credentials online.
Late Surge for Dell Stock and Mixed Results for Zscaler
Zscaler reported earnings that surpassed Wall Street expectations but fell on guidance licensing, causing a 6% drop in stock value. Despite the positive earnings, ZS stock plummeted over 6% to 225.30 in extended trading. Zscaler, based in San Jose, California, offers cloud-based cybersecurity services through 150 data centers globally.
Resilience Acquires BreachQuest to Enhance Cyber Risk Management Capabilities
Read about the latest cybersecurity threats and trends, including supply chain attacks, spyware targeting iOS, Android, & Windows devices, and vulnerabilities in popular software and tools. Stay informed and protected against evolving cyber threats.
Palo Alto Networks Shares Plummet by 25% After Revenue Warning
Palo Alto Networks shares have plummeted by 25% after a revenue warning, raising concerns about the cybersecurity market. Investors and analysts are closely monitoring the situation, with ripple effects expected across the industry.
KTrust Emerges from Stealth with $5.3M Seed Round for Innovative Kubernetes Security Approach
NewsKTrust, a cyber company, has emerged from stealth with a Seed round of $5.3 million for its innovative approach to detecting exposures in Kubernetes. KTrust’s proactive Continuous Threat Exposure Management (CTEM) platform autonomously discovers attack paths, maneuvers around security measures, and provides in-depth visibility into a customer’s K8s ecosystem. With a focus on proactive K8s security, KTrust aims to meet critical market demand and empower DevSecOps globally.
Bank of America Warns Customers of Data Breach
Bank of America warns customers of data breach exposing personal information, including names, addresses, social security numbers, and financial details. Approximately 69 million clients may be affected, with 57,028 confirmed. The breach occurred after a service provider, Infosys McCamish Systems, was hacked in 2023, highlighting the ongoing threat of cyber attacks.
New macOS Malware Threat: RustDoor Poses as Visual Studio Update
A new malware threat known as RustDoor is targeting macOS systems by posing as a Visual Studio update. The backdoor access tool is designed to compromise systems and has been active since at least November 2023. Researchers at Bitdefender have found evidence suggesting a possible connection with ransomware operators, raising concerns about potential threats to macOS users.