Shares in Atlassian Corp. skyrocketed in after-hours trading today after the Australian collaboration software company reported strong beats in revenue and earnings in its fourth quarter. Atlassian reported adjusted earnings of $147 million, or 57 cents per share, up from $68.5 million, or 27 cents per share, in the same quarter of last year. Revenue ...

Shares in the financial technology firms Coinbase Inc. and Block Inc. both fell in late trading today despite each company reporting better-than-expected earnings and revenue in their latest quarter. For the second quarter that ended June 30, Coinbase reported an adjusted loss of 42 cents per share on revenue of $707.9 million. Analysts had expected ...

Cybersecurity-related companies reporting earnings today saw a mixed bag of results, with Cloudlfare Inc. shares up, Fortinet Inc. shares down and SolarWinds Corp. shares surging. For its second quarter that ended June 30, Fortinet reported adjusted earnings per share of 38 cents, up 58% year-over-year, on revenue of $1.29 billion, up 18%. Analysts had expected adjusted ...

Google Cloud and Google LLC’s Cybersecurity Action Team today released a new report that offers intelligence on the evolving landscape of security threats in cloud enterprises. The August 2023 Threat Horizons report details various security risks and incidents, starting with the finding that in the first quarter of 2023, credentials were a factor in more than ...

Artificial intelligence cybersecurity startup Jericho Security today announced that it has raised $3 million in funding to combat the rising tide of generative AI-powered phishing attacks. The pre-seed round was led by Era, with Lux Capital LP, FoundersXFund LLC, MetaLabs Inc, Alcove Inc., Textbook LLC, Alumni Venture Group, Thorntree Capital Partners LP and Contrary Capital LLC also ...

Security optimization platform company AttackIQ Inc. today announced AttackIQ Flex, AttackIQ Ready! and AttackIQ Enterprise, a range of new products that are designed to democratize testing for everyone. The new offerings address broader industry challenges, such as adversary emulation and automated testing being accessible only to large organizations with big budgets and sophisticated security teams. AttackIQ ...

Shares in Extreme Networks Inc. rose almost 9% today after the networking company reported solid earnings and revenue beats in its fiscal fourth quarter, bucking a swoon in the tech-heavy Nasdaq index. For its fiscal fourth quarter that ended June 30, the company reported adjusted earnings per share of 33 cents, up from 15 cents ...

Shares in both PayPal Holdings Inc. and Robinhood Markets Inc., who financial technology leaders, fell by just over 7% in late trading despite both companies reporting earnings and revenue beats in their quarterly financial reports. For its fiscal second quarter ended June 30, PayPal reported earnings before certain costs of $1.16 per share, up 24% from 93 ...

No-code automation platform startup Torq Ltd. today announced the launch of Torq Socrates, a Tier-1 analysis artificial intelligence agent designed to transform security operations.  Torq Socrates uses AI to hyper automate key security operations activities, such as alert triage, contextual data enrichment and incident investigation, escalation and response. The service combines intelligence signals from across an organization’s security ecosystems to drive autonomous remediation ...

Software supply chain management startup Lineaje Inc. today introduced “BomBots,” artificial intelligence-based automation bots designed to address critical software maintenance and security concerns. BomBots leverage Linaje AI to create “intelligent recommendations” that enable developers and security analysts to make better decisions that result in more secure and efficient software. With the recommendations, software producers can reduce the ...