Latest from Dave Vellante
How Palo Alto Networks became the gold standard of cybersecurity – and what it has to do to stay on top
Palo Alto Networks Inc. has earned a reputation as the leader in security. You can measure this in revenue, market cap, execution and, most importantly, conversations with chief information security officers. The company is on track to double its revenue to nearly $7 billion in fiscal year 2023 from 2020. That’s despite macro headwinds that ...
The new reality: Cybersecurity firms revert to the mean
While by no means a safe haven, the cybersecurity sector has outpaced the broader tech market by a meaningful margin. That is, up until very recently. Cybersecurity remains the No. 1 technology priority for the C-suite, but as we’ve previously reported, the chief information security officer’s budget has constraints, just like other technology investments. Recent ...
Re:Invent 2022 marks the next chapter in data and cloud
The ascendancy of Amazon Web Services Inc. under the leadership of Andy Jassy was marked by a tsunami of data and corresponding cloud services to leverage data. Those services mainly came in the form of primitives – basic building blocks that were used by developers to create more sophisticated capabilities. AWS in the 2020s, led by ...
Snowflake gets caught in the storm clouds
A better-than-expected earnings report in late August got people excited about Snowflake Inc. again, but the negative sentiment in the market has weighed heavily on virtually all growth tech stocks. Snowflake is no exception. As we’ve stressed many times, the company’s management is on a long-term mission to simplify the way organizations use data. Snowflake ...
Cloudflare’s supercloud: This is what multicloud should have been
Over the past decade, Cloudflare Inc. has built a global network that has the potential to become the fourth U.S.-based hyperscale-class cloud. In our view, the company is building a durable revenue model with hooks into many important markets. These include the more mature distributed-denial-of-service protection segment, but also extend to growth sectors such as ...
Even the cloud is not immune to the seesaw economy
Survey says! Takeaways from the latest CIO spending data
The overall technology spending outlook is deteriorating. And yet there are positive signs making things unpredictable. The negative sentiment is, of course, being driven by macroeconomic factors and earnings forecasts that have been coming down all year while interest rates keep rising. Making matters worse is that many people think earnings estimates are still too ...
Analyzing nuggets from Microsoft Ignite and Google Cloud Next
This past week, we saw two of the Big Three cloud providers present an update of their respective cloud visions, business progress, announcements and innovations. The content at these events had many overlapping themes, including modern cloud infrastructure at global scale, applying advanced machine intelligence, end-to-end data platforms, the future of work, automation and a ...
Latest CIO survey shows steady deceleration in tech spending
Is the glass half full or half empty? Well, it depends on how you want to look at it. Chief information officers are tapping the brakes on spending, that’s clear. The latest macro survey from Enterprise Technology Research quantifies what we already know to be true, that information technology spend is decelerating. CIOs and IT ...
As the tech tide recedes, all sectors feel the pinch
Virtually all tech companies have expressed caution on their respective earnings calls. And why not? The macroeconomic environment is full of uncertainties and there’s no upside to providing aggressive guidance when sellers punish even the slightest miss. Moreover, the spending data confirms the market is softening across the board, so it’s becoming expected that chief ...