Latest news with #cloudsecurity
Zawya
7 hours ago
- Business
- Zawya
Gigamon welcomes Damian Wilk to lead EMEA emerging markets as regional demand for deep observability builds
Dubai, United Arab Emirates – Gigamon, a leading deep observability company, welcomes Damian Wilk as general manager for EMEA Emerging Markets, as it continues to accelerate growth across the region. EMEA Emerging Markets organizations are facing an increasingly complex and AI-fueled landscape that has left many organizations vulnerable. As a result, deep observability has become mission-critical for securing and managing today's complex hybrid cloud infrastructure. In the Gigamon 2025 Hybrid Cloud Security Survey, 89 percent of Security and IT leaders agreed that deep observability is a foundational element of cloud security. The Gigamon Deep Observability Pipeline helps organizations secure and manage hybrid cloud infrastructure by efficiently delivering network-derived telemetry directly to cloud, security, and traditional observability tools, helping to eliminate blind spots, optimize network traffic, and increase existing tool efficiency by up to 90 percent. New Leadership Deepens Regional Cybersecurity Expertise Based in Dubai, Damian Wilk will lead Gigamon expansion efforts across the Middle East, Africa, and Southern Europe, advancing the company's ability to help regional customers gain deep observability across their hybrid and multi-cloud infrastructure. Wilk will focus on accelerating customer growth, strengthening the channel ecosystem, and building momentum around the Gigamon Deep Observability Pipeline. This leadership addition reflects a focused effort to scale enterprise customer engagement in complex, high-opportunity markets through refined go-to-market strategies and strong regional partnerships. The deep observability market grew 17 percent year-over-year in 2024, underscoring increasing demand for solutions that offer advanced visibility and security across hybrid cloud environments. 'Damian is a dynamic sales leader with a deep understanding of customer needs and an unwavering commitment to driving results,' said Mark Coates, vice president, EMEA at Gigamon. 'His appointment underscores our strategic focus on EMEA's Emerging Markets and highlights our dedication to delivering sustained growth and enhanced value to our customers and partners across these critical regions.' 'As organizations across EMEA's Emerging Markets navigate an increasingly complex threat landscape, Gigamon is uniquely positioned to help them gain complete visibility and insights across all data in motion in their hybrid cloud infrastructure,' said Wilk. 'We are committed to delivering powerful, customer-centric solutions that drive meaningful outcomes, and with the Gigamon Deep Observability Pipeline, that's exactly what we're delivering.' Wilk brings over 20 years of enterprise sales leadership experience across the UK and EMEA. He has held senior roles at Rubrik, Veritas Technologies, Good Technology, and Cisco, where he led regional sales teams and strategic customer initiatives in cybersecurity and data management. About Gigamon Gigamon® offers a deep observability pipeline that efficiently delivers network-derived telemetry to cloud, security, and observability tools. This helps eliminate security blind spots and reduce tool costs, enabling you to better secure and manage your hybrid cloud infrastructure. Gigamon serves more than 4,000 customers worldwide, including over 80 percent of Fortune 100 enterprises, 9 of the 10 largest mobile network providers, and hundreds of governments and educational organizations. To learn more, please visit © 2025 Gigamon. All rights reserved. Gigamon and the Gigamon logo are trademarks of Gigamon in the United States and/or other countries. Gigamon trademarks can be found at All other trademarks are the property of their respective owners. For more information, please contact: Gigamon@
Yahoo
3 days ago
- Business
- Yahoo
Zscaler price target raised to $300 from $270 at TD Cowen
TD Cowen raised the firm's price target on Zscaler (ZS) to $300 from $270 and keeps a Buy rating on the shares. The firm updated its model as the company's results exceeded F3Q metrics across the board and upped its F4Q. The company is seeing no macro slowdown, its platform approach resonates well with large customers, its pricing scheme (z flex) is positively embraced by customers wishing to expand business with Zscaler, and the acquisition of Red Canary provides an extension into the SOC accelerating agentic AI adoption. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on ZS: Disclaimer & DisclosureReport an Issue Zscaler price target raised to $290 from $275 at Cantor Fitzgerald Zscaler price target raised to $300 from $240 at Wedbush Zscaler price target raised to $304 from $288 at RBC Capital Zscaler price target raised to $290 from $250 at Oppenheimer Zscaler price target raised to $260 from $250 at Loop Capital
CNA
5 days ago
- Business
- CNA
Zscaler names Kevin Rubin as CFO, raises annual forecast
Zscaler named Kevin Rubin as its chief financial officer and raised its annual results forecast on Thursday, as businesses spend more on cybersecurity networking solutions to combat sophisticated online threats. The cloud security firm's shares rose nearly 5 per cent in extended trading. Rubin, who was the finance chief of mental health startup BetterUp before joining Zscaler, will replace Remo Canessa, who retired in December. With the widespread adoption of generative AI, enterprises face increased data loss risks, underscoring the critical need for robust data protection. Enterprises continue to spend on digital protection services, ramping up sales for companies such as Zscaler, which offers data protection and AI-powered security products. Zscaler now sees fiscal 2025 revenue between $2.659 billion and $2.661 billion, up from its prior projection of $2.640 billion to $2.654 billion. Analysts expect $2.649 billion, according to data compiled by LSEG. On an adjusted basis, Zscaler expects annual earnings between $3.18 and $3.19 per share, from its earlier forecast of $3.04 to $3.09 apiece. For the third quarter, ended April 30, Zscaler posted revenue of $678 million, beating analysts' average estimate of $666.4 million. It reported adjusted per-share earnings of 84 cents for the quarter, ahead of analysts' estimate of 75 cents per share.
CNA
6 days ago
- Business
- CNA
Exclusive-Cybersecurity provider Netskope taps Morgan Stanley for US IPO, sources say
NEW YORK :Cybersecurity firm Netskope has hired Morgan Stanley to lead preparations for a U.S. initial public offering that could raise more than $500 million, according to people familiar with the matter. Netskope is aiming to go public as early as the third quarter of this year, two of the sources said, with one of them and two further sources indicating the IPO could value the company at more than $5 billion. All the sources cautioned that factors including timing, valuation, and the amount the offering would raise are subject to market conditions. They also spoke on condition of anonymity to discuss confidential deliberations. Netskope did not respond to a comment request. Morgan Stanley declined to comment. Founded in 2012, Netskope provides cloud-based security software that helps companies protect apps, websites, and data from cyber threats. It competes with companies such as Rubrik Inc and Zscaler Inc. Santa Clara, California-based Netskope has been backed by investors including Morgan Stanley Tactical Value, CPP Investments, Goldman Sachs Asset Management, and the Ontario Teachers' Pension Plan. It was valued at $7.5 billion in 2021, although valuations of technology startups have broadly dropped since then. Among Netskope's clients include retailer Ross Stores Inc and Yamaha, according to its website. Chief Executive Sanjay Beri told Reuters in June 2024 that the company had been making internal preparations for an IPO, and going public would help grow awareness of its brand. Expectations for a strong rebound in U.S. IPO activity this year have been tempered by geopolitical tensions and economic uncertainty, including tariff-related concerns. Still, signs of market stabilization in recent weeks have offered companies and their advisers encouragement of a more robust IPO pipeline for the remainder of the year. Fintech firm Chime and trading platform eToro, which had postponed their IPOs amid market volatility triggered by new tariffs in April, have since moved forward with their listing plans. Meanwhile, shares of cybersecurity peer Rubrik have surged nearly 200 per cent since their debut in April, boosting investor interest in the sector.
Reuters
6 days ago
- Business
- Reuters
Exclusive: Cybersecurity provider Netskope taps Morgan Stanley for US IPO, sources say
NEW YORK, May 28 (Reuters) - Cybersecurity firm Netskope has hired Morgan Stanley (MS.N), opens new tab to lead preparations for a U.S. initial public offering that could raise more than $500 million, according to people familiar with the matter. Netskope is aiming to go public as early as the third quarter of this year, two of the sources said, with one of them and two further sources indicating the IPO could value the company at more than $5 billion. All the sources cautioned that factors including timing, valuation, and the amount the offering would raise are subject to market conditions. They also spoke on condition of anonymity to discuss confidential deliberations. Netskope did not respond to a comment request. Morgan Stanley declined to comment. Founded in 2012, Netskope provides cloud-based security software that helps companies protect apps, websites, and data from cyber threats. It competes with companies such as Rubrik Inc (RBRK.N), opens new tab and Zscaler Inc (ZS.O), opens new tab. Santa Clara, California-based Netskope has been backed by investors including Morgan Stanley Tactical Value, CPP Investments, Goldman Sachs Asset Management, and the Ontario Teachers' Pension Plan. It was valued at $7.5 billion in 2021, although valuations of technology startups have broadly dropped since then. Among Netskope's clients include retailer Ross Stores Inc (ROST.O), opens new tab and Yamaha, according to its website. Chief Executive Sanjay Beri told Reuters in June 2024 that the company had been making internal preparations for an IPO, and going public would help grow awareness of its brand. Expectations for a strong rebound in U.S. IPO activity this year have been tempered by geopolitical tensions and economic uncertainty, including tariff-related concerns. Still, signs of market stabilization in recent weeks have offered companies and their advisers encouragement of a more robust IPO pipeline for the remainder of the year. Fintech firm Chime and trading platform eToro, which had postponed their IPOs amid market volatility triggered by new tariffs in April, have since moved forward with their listing plans. Meanwhile, shares of cybersecurity peer Rubrik have surged nearly 200% since their debut in April, boosting investor interest in the sector.
