Fortinet vs Rubrik

10-Q Financial Filing Analysis for Fortinet (2026-07-30)

Fortinet reported strong financial performance for the second quarter of fiscal 2026, with total revenue rising 26% year-over-year to $2.05 billion and operating income growing 51% to $689.3 million. Revenue expansion was driven by a 52% surge in product revenue to $773.0 million, fueled by higher hardware unit shipments, customer upgrades for AI-related infrastructure, and pricing actions, alongside a 14% increase in service revenue to $1.27 billion. Operating margin expanded by 5.6 percentage points to 33.7%, reflecting strong operating leverage as top-line growth outpaced operating expenses. Net income for the quarter reached $606.3 million ($0.82 per diluted share), up from $440.1 million in Q2 2025. Non-GAAP billings expanded 33% to $2.37 billion, and deferred revenue climbed to $7.68 billion, underscoring solid underlying demand across Secure Networking, Unified SASE, and SecOps platforms.

• Q2 2026 total revenue reached $2,047.9 million (+26% YoY), driven by $773.0 million in Product revenue (+52% YoY) and $1,274.9 million in Service revenue (+14% YoY).
• Operating income rose 51% YoY to $689.3 million with operating margin expanding 560 bps to 33.7%, while net income reached $606.3 million.
• Non-GAAP billings grew 33% YoY to $2,372.1 million, and total deferred revenue reached $7,675.7 million as of June 30, 2026.

Cybersecurity stock Zscaler's charts turn bullish: Jay Woods

In a CNBC Pro segment, technician Jay Woods discusses Zscaler (ZS), a cybersecurity company that has underperformed its sector peers. While CrowdStrike, Fortinet, Okta, and Palo Alto Networks have gained over 100% year-to-date, Zscaler shares fell as much as 65% from 52-week highs and remain down 13% this year. However, Woods observes a bottoming formation on both daily and weekly charts, with a bullish crossover in MACD and a breakout above $195 resistance. He suggests upside targets of $250-$265, representing 25-30% potential upside, with support at $165. The analysis highlights relative rotation within the cybersecurity sector, indicating that laggards like Zscaler may see renewed strength.

• Zscaler (ZS) shares fell as much as 65% from 52-week highs and remain down 13% year-to-date.
• CrowdStrike, Fortinet, Okta, and Palo Alto Networks have each gained over 100% year-to-date.
• Jay Woods identifies a bullish double bottom formation on Zscaler's weekly chart.

Fortinet Expands U.S. Presence with New Company-Owned Innovation Hub in New York City

Fortinet announced the opening of a new company-owned innovation hub in New York City, expanding its U.S. presence. This is part of Fortinet's strategic growth and investment in innovation.

10-Q Financial Filing Analysis for Rubrik (2026-09-01)

For the second fiscal quarter ended July 31, 2026, Rubrik reported robust financial results driven by the ongoing enterprise transition to the Rubrik Security Cloud (RSC) platform and the introduction of its Rubrik Agent Cloud suite. Total quarterly revenue increased 38% year-over-year to $427.3 million, with Subscription revenue expanding 37% to $407.2 million, representing 95% of total revenue. Net loss improved significantly from $95.9 million in the prior-year period to $61.8 million, reflecting operating leverage across sales, marketing, and general administrative functions. Subscription ARR reached $1.66 billion (up 33% YoY), while Cloud ARR increased 39% YoY to $1.48 billion. For the six months ended July 31, 2026, Rubrik generated $158.5 million in operating cash flow and achieved positive Free Cash Flow of $139.3 million, up from $90.9 million in the prior-year period. Remaining performance obligations reached approximately $2.62 billion, highlighting strong forward contract visibility, supported by a subscription net retention rate exceeding 119% and 3,084 large customers with over $100,000 in Subscription ARR.

• Q2 fiscal 2027 revenue grew 38% year-over-year to $427.3 million, driven by a 37% increase in Subscription revenue to $407.2 million.
• Subscription ARR reached $1.661 billion (up 33% YoY) and Cloud ARR reached $1.483 billion (up 39% YoY), with 3,084 customers contributing $100k+ in ARR.
• Generated $139.3 million in Free Cash Flow for the first six months of the fiscal year, with total cash, equivalents, and short-term investments of $1.748 billion as of July 31, 2026.

WisdomAI Launches Live Apps for Governed AI Applications

WisdomAI announced the general availability of Live Apps, a new feature that allows data teams to build and deploy governed AI applications via natural language prompts. These apps connect to live enterprise data and inherit security, governance, and semantic definitions. Live Apps aim to replace traditional dashboards with interactive, self-service analytics, addressing the challenge of ungoverned AI-generated artifacts. A survey by WisdomAI found that only 19% of analytics leaders are fully confident in AI-generated insights. Early usage indicates that Live Apps replaced 15% of dashboards within five weeks for initial customers, with one customer retiring their entire dashboard estate for projected savings of over $500,000. The platform supports MCP and Python toolkit for advanced analytics.

• WisdomAI launched Live Apps for building governed AI applications from prompts.
• Live Apps connect to live enterprise data and inherit governance controls.
• A WisdomAI survey found only 19% of analytics leaders are fully confident in AI-generated insights.

Rubrik Unveils Code Guardian: Attack Your Code Before Attackers Do

Rubrik introduces Rubrik Code Guardian, built with Anthropic, using Claude Mythos 5 to red-team a secure, air-gapped copy of your code, validate exploitable attack paths, prioritize what matters, and accelerate remediation before attackers get there.