The Tech Infrastructure Quarterly Bible 2Q25

We publish today our comprehensive quarterly bible: 229 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. Please follow the link below for more details.

Bible 2Q25 – Enterprise IT: Broad-based cloud strength, SaaS stable, ...

Today, we are publishing the Enterprise IT section of our 28th 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, while public-cloud growth accelerated slightly on broad-based strength across AI and traditional workloads. SaaS revenue growth remains in the lo...

Palo Alto Networks Inc: 1 director

A director at Palo Alto Networks Inc sold after exercising options/sold 120,774 shares at 191.110USD and 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 by all the company's di...

Osi Systems Inc: 1 director

A director at Osi Systems Inc sold 1,671 shares at 236.760USD and the significance rating of the trade was 56/100. 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 the last two years clearly...

Pull forward in Auto Semis? AI blues at Workday? H20 suspended, Palo A...

As always, during earnings season, we wrap-up what happened in the previous week. For our main takes summarized on a single slide, and a few words on each of the 5 names we followed last week, follow the link below.

Palo Alto Networks 4FQ25: Firing on all cylinders. Buy, $240.

Palo Alto Networks reported 4FQ25 (2Q25) yesterday. Please click the link below for our take on the print.

Wedbush Morning Call - Aug 19 2025 7:00AM

Robust Quarter/Outlook as Platformization Strategy is Accelerating int...

A Closer Look at FY4Q25 (July) ResultsRevenueTotal revenue of $2.54 billion (up 16% y/y) came in above the company’s guidance range for revenue of $2.49 billion and $2.51 billion and above the Street’s $2.50 billion estimate due to broad-based growth driven by software form factors and double-digit

Global Cybersecurity Industry August 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...

Palo Alto Networks pre-4FQ25 Model Update

Expecting Strong Quarter; Setting the Stage for Continued Growth into ...

Hybridan Small Cap Feast: 11/08/2025

Our daily digest of news from UK Small Caps Feast will take a well earned break for the weeks of 18th and 25th August. Wishing everyone a lovely summer holiday period. 11th August 2025 @HybridanLLP * A corporate client of Hybridan LLP. ** Potential means Intention to Float (ITF) or similar announcement has been made. ***Arranged by type of listing and date of announcement. ****Alphab...

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...

Hybridan Small Cap Feast: 21/07/2025

Dish of the day Admissions: None Delistings: None

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

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