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accurate Key players lined during this report:SymantecKasperskyQustodioMeet CircleBlue Coat SystemsNet NannyAVGKidLogger and greater….
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2 manufacturers Profiles2.1 Symantec2.1.1 enterprise Overview2.1.2 Parental manage application nature and Applications2.1.three Symantec Parental ply software earnings, uncouth Margin and Market partake (2016-2017)
2.2 Kaspersky2.2.1 company Overview2.2.2 Parental control utility nature and Applications2.2.three Kaspersky Parental control utility salary, uncouth Margin and Market partake (2016-2017)
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2.5 Blue Coat Systems2.5.1 enterprise Overview2.5.2 Parental manage software classification and Applications2.5.3 Blue Coat systems Parental control utility profits, uncouth Margin and Market partake (2016-2017)…………………13 analysis Findings and Conclusion14 Appendix
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to subsist able to flip the traffic around, security seller Symantec has agreed to buy net and cloud security enterprise Blue Coat programs Inc. for $4.65 billion in cash.
Blue Coat CEO Greg Clark will step into the manager govt function at Symantec, replacing Mike Brown, who stepped aside as CEO in April.
Symantec is coming off a number of tumultuous years, as it faces its fourth CEO in 5 years, in addition to persevered attempts to reshape the enterprise with different acquisitions, whereas concurrently divesting itself of a different a partake of its business, storage and backup division Veritas.
"basically two years ago, they introduced their aim to become the main pure-play security enterprise," spoke of Dan Schulman, chairman of the board for Symantec, in organized remarks. "the primary principal step turned into the divestiture of Veritas." Calling the Symantec acquisition of Blue Coat the "next major start ahead in their journey," Schulman delivered, "With this transaction, they are uniquely located with the size, product portfolio and security substances integral to support give protection to customers against cyberthreats."
Ajei Gopal, Symantec's meantime president and COO, stated Blue Coat's know-how for web and community-based threats, in addition to cloud software security, will complement Symantec's personal product line. "Our solutions dovetail perfectly, with best a tiny overlap in their product portfolios," Gopal spoke of. "moreover, there's ample leverage in their ability to partake their core insurance policy engines and the vast amount of danger statistics they assemble."
Symantec has skilled primary adjustments and excessive-profile struggles in the past few years: CEO Enrique Salem changed into fired in 2012 after first-quarter earnings dropped 10%; Steve Bennett stepped down in 2014 after more monetary struggles; and his replacement, Mike Brown, changed into pressured out from the accurate spot in April, following disappointing fourth-quarter effects. additionally, Symantec offered Veritas last 12 months for $5.5 billion less than they paid for it in 2005.
And Symantec has attracted greater than its partake of opprobrium these days, together with a perilous flaw in its antivirus software that became described as being as unhealthy because it can perhaps get. ultimate year, Symantec received in sizzling water with Google when it become create out that Symantec personnel had improperly issued extended Validation digital certificates for testing for domains owned through Google.
in the meantime, Blue Coat has been on the antithetical music. After being obtained with the aid of Bain Capital closing yr for $2.4 billion, Blue Coat has been busy with its personal acquisitions designed to dash its boom into the cloud security market. The traffic obtained Perspecsys, a Toronto-primarily based cloud access protection broking service, for an undisclosed volume remaining August, and just a few months later, Blue Coat spent $280 million for one other CASB startup, Elastica Inc.
Cybersecurity stocks obtained a boost Friday following tough earnings consequences from Symantec Corp. and Proofpoint Inc.
Shares of Symantec Corp. SYMC, +0.seventy two% rallied 9% to shut at $22.91, touching an intraday tall of $24.05, after the safety company’s income topped Wall highway estimates late Thursday. Symantec also introduced Chief monetary Officer Nicholas Noviello would resign within the coming months, as well as a $500 million boost to its partake buyback application.
William Blair analyst Jonathan Ho pointed out Symantec’s recur to 3% growth for its traffic business helped to prerogative estimates.
“The company indicated that it benefited from $30 million in appliance-based sales (doubtless Blue Coat on-premises gateways) however also saw power in its [cloud access security broker], statistics insurance policy, and different cloud solutions,” Ho noted.
Don’t miss: Is it time for a cybersecurity buying spree?
Wedbush analyst Daniel Ives, who raised his rate goal to $24 from $21, stated the enterprise’s commercial enterprise aspect changed into the “clear superstar of the display.”
“The company’s Blue Coat acquisition and elevated product footprint is placing fuel within the engine for enterprise sales which is mount to demonstrate growth quotes they haven't considered in many years for Symantec, which has been a one step ahead, two steps returned anecdote for the previous decade,” Ives pointed out.
Stifel analyst Gur Talpaz, however, referred to the profits beat turned into due “in ample part” to a shift in how commercial enterprise earnings turned into stated.
“this is big because it showcases that Symantec’s commercial enterprise earnings performance materially benefited from a much better combine in sales that resulted in upfront revenue outright through the period (i.e. Blue Coat appliances), implying that the commercial enterprise profits beat, albeit pleasurable sized, became exceedingly much less improbable than it will had been had recurring income as a percentage of enterprise salary remained stable on a sequential groundwork,” Talpaz talked about.
Proofpoint Inc. PFPT, +0.26% shares rallied 12.4% to shut at $114.fifty one, touching an intraday tall of $117.30, after the business’s quarterly effects and outlook topped Wall highway estimates late Thursday.
Proofpoint stated adjusted fourth-quarter earnings of fifty one cents a partake on revenue of $198.5 million, whereas analysts polled through FactSet had been attempting to find income of 35 cents a partake on profits of $192.four million. Proofpoint additionally forecast first-quarter earnings of 31 cents to 35 cents a partake on income of $198 million to $200 million, while analysts had forecast first-quarter income of 31 cents a partake on revenue of $197.eight million.
For more: Cybersecurity remains in the hunt for its Holy Grail
William Blair’s Ho talked about Proofpoint outcomes showed “persisted potent execution, despite some of the doubt around recent sales management adjustments and hiring/onboarding considerations that seem enjoy extra beneath handle.”
“We continue to view the traffic as underappreciated relative to its status as a growth business, with amazing, exceptional free cash movement generation,” Ho talked about. “We proceed to account investors should silent subsist buying the stock, as they believe Proofpoint is essentially past its earnings challenges.”
Stifel’s Talpaz said typical “we account that email is silent commonly identified as an increasingly mission-vital risk vector and whereas Proofpoint must continue demonstrating ongoing improvements inside key areas of its business, specially current employ ramping in the income drive, the business’s 4Q18 outcomes emerge to demonstrate early indications of development.”
On Friday, both the ETFMG top Cyber safety ETF HACK, -0.05% the primary abide faith Nasdaq Cybersecurity ETF CIBR, +0.25% surged to nigh 2% larger, compared with a 0.1% develop within the S&P 500 index SPX, +1.09% and a 0.three% decline within the tech-heavy Nasdaq Composite Index COMP, +0.sixty one% COMP, +0.sixty one% CIBR, +0.25% For the yr, the HACK index is up 13.5% whereas the CIBR index is up 12.9%, compared with an eight% gain within the S&P 500 and a 9.5% profit within the Nasdaq. Symantec shares are up 21.three% for the year and Proofpoint shares abide rallied 36.6%.
Coming cybersecurity income consist of FireEye Inc. FEYE, -1.eighty two% on Feb. 6, Qualys Inc. QLYS, -0.70% on Feb. 12, and Cisco techniques Inc. CSCO, +2.13% on Feb. 13.
Of the 29 analysts who cover Symantec, one has a buy score, 27 abide dangle ratings, and one has a promote ranking. Following salary, 10 analysts hiked their cost targets for a regular of $22.79, compared with an prior $21.ninety three. Of the 28 analysts who cover Proofpoint, 26 abide buy scores and two abide dangle rankings. After five analysts hiked expense ambitions Friday, the inventory has an middling target of $118.52, up from a previous $116.32.
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SAN FRANCISCO & ARMONK, N.Y.--(BUSINESS WIRE)--Blue Coat Systems, Inc. (Nasdaq:BCSI), the technology leader in Application Delivery Networking, and IBM (NYSE:IBM) today announced they abide signed a global agreement under which IBM will provide a current Managed Security Service Secure Web Gateway offering to current and existing clients that exhaust Blue Coat appliances. The expanded relationship between IBM and Blue Coat provides clients with a managed service that enables greater protection against Web-based threats and enforcement of corporate IT policies while lowering overall management costs.
IDC forecasts the Web Security market to grow to US $2.5 billion by 2013, driven by the widespread proliferation of Web-based threats and the adoption of next-generation Web-based technologies. This recent IDC study elaborates on the current vulnerabilities associated with Web 2.0 technologies and emphasizes the import of adopting the latest Web security tools to combat these current threats. As leaders in the Managed Security Services and Secure Web Gateway markets, the combined solution from IBM and Blue Coat provides clients with the advanced protection required to guard against these growing Web threats.
The current managed security services solution provides a unique threat mitigation approach including:
IBM and Blue Coat already support many big enterprise customers worldwide, including a diversified, global company that provides vital products and services to customers in more than 60 countries. The easy-to-manage security solution simplifies policy administration and configuration for better corporate security and allows customers to focus on their traffic while relying on the expertise, services and products of IBM and Blue Coat to guard against emerging threats.
"While IBM and Blue Coat abide been working together to assuage enterprise clients for nearly a decade, today’s agreement provides a current addition to the IBM managed security services portfolio,” said Marisa Viveros, vice president, IBM Security Services. "The combination of IBM Security’s industry-leading managed security services and Blue Coat's enterprise-class solutions provides clients powerful, supple and cost-effective protection for their infrastructure and information assets. Additionally, the IBM Secure Web Gateway service further rounds out their managed security services portfolio by adding to the existing multivendor and software-as-a-service (SaaS) solutions in the URL and Web filtering space."
This announcement builds on the IBM Security Solutions strategy of structure superior products and services as well as working with industry partners to provide a compass of offerings to meet customer requirements. Through product offerings, professional security services and managed security services, IBM provides ultimate flexibility and breadth of solutions as a trusted security advisor.
The Blue Coat solution utilizes a hybrid design that combines on-premise gear with a cloud-based collaborative defense to provide on-demand security intelligence about unknown Web content and enforce corporate IT policies. The solution is comprised of Blue Coat ProxySG and ProxyAV™ appliances at the Internet gateway for inline antivirus detection and IT policy enforcement; Blue Coat WebFilter for content categorization; the WebPulse™ service for dynamic ratings; and ProxyClient™ to extend protections and policies to remote users.
“Our newly expanded relationship with IBM provides global enterprise clients with their industry-leading Secure Web Gateway solution managed by IBM to create a first line of defense against the numerous Web-based threats facing IT organizations today,” said Kevin Biggs, senior vice president of worldwide sales, Blue Coat Systems. "Combining their security expertise and Web awareness with IBM’s services expertise provides a unique, comprehensive solution that clients worldwide can exhaust to better protect against Web-based threats and better the overall manageability of their IT infrastructure."
Pricing and Services Availability
IBM managed security services Secure Web gateway is available immediately through the IBM worldwide sales force and traffic partners.
About IBM Global Technology Services
For more information, visit www.ibm.com/services
About Blue Coat Systems
Blue Coat Systems is the technology leader in Application Delivery Networking. Blue Coat offers an Application Delivery Network Infrastructure that provides the visibility, acceleration and security required to optimize and secure the current of information to any user, on any network, anywhere. This application intelligence enables enterprises to tightly align network investments with traffic requirements, quicken decision making and secure traffic applications for long-term competitive advantage. For additional information, gladden visit www.bluecoat.com.
Blue Coat, ProxySG, ProxyAV, ProxyClient, WebPulse and the Blue Coat logo are registered trademarks or trademarks of Blue Coat Systems, Inc. and/or its affiliates in the United States and unavoidable other countries. outright other trademarks mentioned in this document are the property of their respective owners.
IBM and Blue Coat are extending their existing alliance to present a current managed security service secure web gateway solution to organisations using Blue Coat appliances.
The current service will note IBM manage the security gateway using Blue Coat technology, in a hybrid model of cloud services combined with onsite solutions at client premises, to provide tall levels of protection for clients, along with easier administration and compliance with security policies with a more modular and supple approach to infrastructure investment.
The service will embrace a complete portfolio of solutions, which will subsist accessible through a web-based client portal, with ongoing monitoring and input from IBM's X-Force research team into emerging security threats. The gateway solution will deploy Blue Coat ProxySG and ProxyAV appliances at the Internet gateway for inline antivirus detection and IT policy enforcement; Blue Coat WebFilter for content categorization; the WebPulse service for dynamic ratings; and ProxyClient to extend protections and policies to remote users.
Nidal Taha, regional director for ME and Turkey, Blue Coat Systems said: "Our newly expanded relationship with IBM provides global enterprise clients with their industry-leading Secure Web Gateway solution managed by IBM to create a first line of defense against the numerous Web-based threats facing IT organizations today.
"Combining their security expertise and Web awareness with IBM's services expertise provides a unique, comprehensive solution that clients worldwide can exhaust to better protect against Web-based threats and better the overall manageability of their IT infrastructure," Taha added.
"While IBM and Blue Coat abide been working together to assuage enterprise clients for nearly a decade, today's agreement provides a current addition to the IBM managed security services portfolio," said Marisa Viveros, vice president, IBM Security Services. "The combination of IBM Security's industry-leading managed security services and Blue Coat's enterprise-class solutions provides clients powerful, supple and cost-effective protection for their infrastructure and information assets. Additionally, the IBM Secure Web Gateway service further rounds out their managed security services portfolio by adding to the existing multi-vendor and software-as-a-service (SaaS) solutions in the URL and Web filtering space."
BT and Symantec has announced the integration of Symantec’s latest technology into BT’s portfolio of managed security services. With this current agreement, BT customers will capitalize from enhanced visibility of incoming internet traffic and from simplified administration of network security and hybrid cloud infrastructure.Two current Symantec products will complement the existing Symantec Blue Coat ProxySG service to bolster BT’s Managed Web Security portfolio: Symantec SSL Visibility Appliance and Symantec Cloud Service.Symantec SSL Visibility Appliance enables organisations to cost-effectively liquidate blind spots that arrive with the necessity of insight into encrypted data traffic on networks. Considering approximately half of outright internet traffic today is encrypted, this can create a big gap in an organisation’s security posture. With SSL Visibility Appliance, customers gain the visibility and control they necessity over encrypted traffic to ensure compliance with their privacy, regulatory and acceptable exhaust policies.Symantec Cloud Service provides global coverage and ensures always-on security for user devices against malware, viruses and advanced threats. It leverages realtime intelligence from Symantec’s Global Intelligence Network, the world’s largest civilian threat intelligence network, which harnesses data from more than 1-billion web requests, 2-billion emails, and 175-million endpoints to update security controls with comprehensive threat telemetry in realtime.The agreement also covers access to the Symantec Management Centre platform required for the current Symantec SSL Visibility Appliance and Symantec Cloud Service. This replaces the current Blue Coat Director capability, which will continue to subsist supported until at least 2020 for existing customers.Mike Fey, president and chief operating officer at Symantec, sats: “Expanding Symantec’s capabilities within BT’s portfolio will provide BT customers a comprehensive service that is needed in today’s cyber security environment.“By providing dedicated SSL visibility they can combat security threats hidden in encrypted traffic so that customers can focus on critical traffic priorities. And the Symantec Cloud Service makes it feasible for customers to extend their robust Blue Coat web security capabilities to their mobile workforce, protecting users and information on any device and from any location.”Mark Hughes, CEO of BT Security, says: “Monitoring network environments has become increasingly involved over the last few years, and improving visibility of encrypted traffic activity and identifying blind spots is vital for a safe and secure business.“Our agreement with Symantec helps address this issue and is a current step in providing a full, comprehensive package that equips chief information security officers with the administrative tools needed to monitor their networks.”
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