Cisco 4FQ25: Cyclical recovery played out; healthy but slowing outlook...

Cisco reported 3FQ25 (1Q25) on Wednesday. Please click the link below for our take on the print.

Palo Alto Networks Inc: 2 directors

Two Directors at Palo Alto Networks Inc sold after exercising options/sold 220,774 shares at between 171.582USD and 172.805USD. The significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades ...

CYBR + PANW Situation Overview-Readthroughs for Potential M&A in Cyber...

Announces CYBR Deal, "Home Run Deal" In Our View-Details of the Deal D...

PANW to Acquire CYBR for ~$20 Billion According to WSJ; Would Be Strat...

Wedbush Morning Call - Jul 18 2025 6:58AM

Cybersecurity Channel Partner Feedback for June Quarter

CRWD: Strongest Performance One Year Out from IT OutageCRWD came in 5-9% above plan in the quarter, the first time in a calendar quarter since the IT outage occurred, as the company saw an uptick in win rates against SentinelOne and Trellix even downstream against MSFT while setting a record for ne

What makes a neo-cloud so special? Conversation with the CEO of togeth...

We hosted the second webcast of our AI transforming Industries series a few weeks ago. We had a fantastic conversation with Vipul Ved Prakash, CEO of together.ai, a GPU “Neo-Cloud” with tens of thousands of Nvidia GPUs deployed, powering open-source models and high-performance AI workloads at scale. Please see the link below our top thoughts on the back of this conversation, along with a full transcript.

Global Cybersecurity Industry July 2025

This report looks at the cybersecurity industry globally. Cybersecurity as an industry involves the design, development, and use of encryption software that can provide protection to a range of information technology systems and devices. The report talks about the overall market size, expected growth rates as well current trends driving the growth in the industry. Companies can also be categorized as core and non-core, the former being those that exclusively engage in cybersecurity and those for...

INVITE: Security & Software Channel Partner Checks - June Quarter

Replatforming Analysts and Disintermediating SaaS? Top takes from our ...

We hosted the third webcast of our AI transforming Industries series last week. We had a fantastic conversation with Ketan Karkhanis, CEO of ThoughtSpot on how AI is disrupting business analytics. Please see the link below our top thoughts on the back of this conversation, along with a full transcript.

The Great Replatforming, part I – the Special Theory

Capex ROI is the trending question these days, but what does it actually mean? In a “replatforming”, capex are enablers of revenue growth and productivity enhancements, as long as they are the foundation for a good “right to make money” (a defensible competitive advantage) and meet good demand. Our “Special Replatforming Theory” looks at how it has been at play for a decade already at hyperscalers, and how we expect the next 10 years to play out, with AI bringing an even more capital-intensive...

"Risk-On Moment" As Israel/Iran Ceasefire Begins...Tech Stocks Front a...

Tech Stocks Set to Shake Off Iran Jitters; Cyber Security Names Should...

Cisco Systems Inc: 2 directors

Two Directors at Cisco Systems Inc sold 24,404 shares at between 65.521USD and 65.536USD. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over th...

The Tech Infrastructure Quarterly Bible 1Q25

We publish today our comprehensive quarterly bible: 237 pages of detailed analyses on what happened in the last 3 months, and how we interpret it, in light of our current convictions. The first section acts as a PM summary, outlining our key findings, and latest thoughts on the semi cycle, in 6 slides.

Bible 1Q25 – Enterprise IT: AI drives Cloud growth, SaaS not reacceler...

Today, we are publishing the Enterprise IT section of our 27th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. Legacy IT spending is moderating after a strong 2H24, but public-cloud growth remains steady as AI demand offsets a slowdown in traditional workloads. SaaS revenue growth remains in the low-teens with...

Growth in Public Cloud: Where from? What’s next?

Growth in Public Cloud reaccelerated, in line with our expectations, and, if anything, even stronger than we thought, and shifting fast, with AI representing an increasing share of public cloud growth, and with the fast-growing crowd of native AI start-ups becoming a meaningful segment. We gathered all the initial datapoints at hand and looked at all angles we could, to provide a first perspective of how public cloud is growing today and where it is headed next.

Bible 1Q25 – Hyperscale & Cloud: Inference inflecting, more hints on 2...

Today, we are publishing the Hyperscale & Cloud section of our 27th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Telecom Infrastructure, Memory, Enterprise IT, and PCs. Hyperscale revenues grew 11% YoY, with cloud services stabilizing in the mid-20%, and acce...

Wedbush Morning Call - Jun 04 2025 7:02AM