The day after Cisco Systems Inc. announced its third-quarter 2024 earnings, investors are wavering on the results, as the stock was falling 2% this morning, reversing a 5% jump after-hours Monday. The company reported revenue of $12.7 billion, down 13% year-over-year — 16% without Splunk — and $70 million ahead of consensus estimates. Gross margins remain best-in-class for an infrastructure vendor at 68.3%.
As the security world descends upon the Moscone Center next week for the RSA Security Conference, two companies that put out some news ahead of the show were Google Cloud and Menlo Security Inc. which announced a partnership to improve the security of enterprise browsers. Under the terms of the agreement, Menlo Security, which pioneered the browser security industry, will expand its usage of Google Cloud infrastructure and, more importantly, collaborate with Google’s Mandiant division on threat research to strengthen browser security.
As organizations navigate increasingly complex technological environments, they face a dichotomy: Some are harnessing advanced cybersecurity tools and practices, while others are struggling under the weight of new challenges. Splunk Inc.’s new 2024 State of Security Report: The Race to Harness AI, released Tuesday, highlights significant differences in how cybersecurity is managed.
Arista Networks Inc. today announced an enhancement to Arista MSS — Multi-Domain Segmentation Service — to create a zero-trust enterprise network. “We tried to overcome one of the biggest challenges of micro-segmentation technologies that are always deployed in islands today,”Alessandro Barbieri, director of product management at the company, told me in a briefing.
Veeam Inc. today announced that it has acquired incident response firm Coveware Inc. for an undisclosed price. The new offering that results from the acquisition — Coveware by Veeam — will operate independently initially, but the company will integrate elements over time. Dave Russell, vice president of strategy at Veeam, gave me a preview of the announcement.