CrowdStrike reported a better-than-expected third quarter results and said it retained 97% of customers as it moved past its July outage.
Palo Alto Networks reported better-than-expected first quarter results and said that it is benefiting from enterprises looking to consolidate cybersecurity vendors. Palo Alto Networks focused on a "platformization" strategy designed to land more wallet share on its platform.
CrowdStrike said it will acquire Adaptive Shield, a company focused on software-as-a-service security. The company said Adaptive Shield will be integrated into its Falcon platform.
Nvidia has had a steady stream of NIM Agent Blueprint news as it aims to make agentic AI more commonplace in enterprises.
The parade of cybersecurity vendors looking to capitalize on the CrowdStrike and Microsoft outages has gone by, but it's unclear whether enterprises will be able to have both resiliency and vendor consolidation.
The company, known for its Zero Trust Exchange platform, is among the cybersecurity leaders and in the middle of the platformization debate that has been dented by the CrowdStrike outage.
CrowdStrike said it will take a $30 million subscription revenue impact for the third quarter and each of the remaining fiscal quarters in the fiscal year due to its recent outage. Fiscal 2025 revenue guidance “includes an estimated impact in the high-single digit millions to professional services revenue in the second half of fiscal year 2025.”
"I know there was significant consternation around our platformization guarantee six months ago," said Palo Alto Networks CEO Nikesh Arora. "All I want to say is, I wish it started down that path sooner."
Fortinet appears to be setting itself up to be more of a rival to Palo Alto Networks with the acquisitions of Next DLP and Lacework as well as better-than-expected second quarter results.
CrowdStrike's legal counsel said in a letter to Delta Airlines that it isn't to blame for its "decisions and response to the IT outage."
CrowdStrike CEO George Kurtz is being called to the House to testify about the global IT outage that has hampered enterprises--notably airlines like Delta--for days.
Global IT outages on Friday were blamed on a faulty update from CrowdStrike and the impact hit banks, airlines and a host of other companies. But the real hit--beyond CrowdStrike's stock price--was to the platformization play being pitched by cybersecurity vendors.
