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Cyber Stocks Reveal a ‘Hit or Miss’ Climate — Investor’s Business Daily (IBD) ranks the computer-software security industry only No. 108 out of 197 groups tracked as of Wednesday, a figuratively low rank considering views that cybersecurity stocks are in a good position if the U.S. economy falls into a recession. 

The IBD security group dipped around 23% in 2022, a figure that under-performs the S&P 500 by 9%. However, some cybersecurity stocks are hanging on.

Palo Alto Networks had better-than-expected fiscal fourth-quarter earnings — the company’s stock gained back 2% in 2022, which attributes to its expansion on cloud-based services and acquisitions. Palo Alto has spent over $3 billion in the past three years on 10 acquisitions. 

Fortinet’s second-quarter earnings had steady revenue and billings but forecasted a slight dip for September sales —  the forecast of $1.12 billion fell below the estimated $1.13 billion. 

Crowdstrike expects to report earnings on Aug. 30, Okta on Aug. 31, and Zscaler on Sept. 8. 

The Kraft Group is working with Dell Technologies on renovations to its internal IT infrastructure that powers Gillette Stadium. Read more.

T-Mobile spent $3.27B with diverse suppliers and sourced 100% of its electricity from renewable energy in 2021, according to the report. Read more.

Palo Alto Networks reported strong fourth-quarter earnings for the fiscal year 2022 despite macro-economic and supply chain impacts. Read more.

Okta Identity Governance is based on Okta’s cloud-native technology principles to mitigate everyday security risks and up IT efficiency. Read more.

Rakuten Mobile unveiled an innovation lab to accelerate the development and standardization of open and virtualized RAN technologies. Read more.

Ex-VMware cybersecurity head Tom Kellermann is moving to Contrast Security where he will assume the role of senior vice president of cyber strategy. Read more.

Allied Market Research shared that the Blockchain Technology in Health Care Market generated $531.19 million last year. Read more.

Opensignal's Ian Fogg explains how the company's test results show how U.S. carriers are approaching their 5G deployments. Stream now.