(Free) Cloudflare: Sustained Growth & Fair Valuation

Summary * Since our initial release of Part 1 of the Cybersecurity Taxonomy, we have made some minor updates which we will explain in the opening paragraph. * We are mindful we have published a lot of content related to network security recently. Therefore, please come forth with content suggestions. * FYI, we do have a deep dive on CFLT on its way and other non-cybersecurity content in the next few weeks. Convequity Cybersecurity Taxonomy Since our initial release of Part 1 of the Cybers

Summary * In Part 3 (the final part) we share our thoughts on SASE and which vendors will prosper as various trends merge with SASE. * We discuss SASE and overlapping trends such as AIOps, XDR/MDR, WANaaS, SASO (Convequity's term), and browser security. * Companies discussed include PANW, FTNT, NET,

Summary * The report introduces the Terminal Opex & Capex Framework for estimating a software company's terminal opex and capex - part of the overarching Terminal FCF margin Framework. * The framework takes into account market factors such as market type, revenue model, market concentration, and software criticality, as well