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Netskope Stock (NETS)

Netskope offers a Secure Access Service Edge (SASE) platform designed to provide cloud security solutions for enterprises. Their platform focuses on real-time data protection, threat detection, and comprehensive cloud governance for various enterprise activities that leverage cloud-based services. By offering these functionalities, Netskope aims to help businesses securely adopt cloud technologies

Netskope is cloud security provider. Netskope’s cloud-scale security platform provides context-aware governance of all cloud usage in the enterprise in real time, whether accessed from the corporate network, remote, or from a mobile device. Netskope claims that this allows security professionals to better understand risky activities, protect sensitive data, stop online threats, and respond to incidents in a way that fits how people work today. Netskope offers other products and services including cloud access security broker, private access, Next Gen secure web gateway, and public cloud security. Netskope was founded in 2012 and is headquartered in Santa Clara, CA with additional offices in San Francisco, Seattle, London, Australia, India, Singapore, and Japan.

About Netskope Stock

Founded

2012

Headquarters

Santa Clara, CA, US

Total Funding

1.1B

Industries

Software, Information Technology, Privacy and Security

Netskope is a cloud security provider that aims to help clients stay ahead of cloud, data, and network security challenges. Netskope’s cloud-scale security platform provides context-aware governance of all cloud usage in the enterprise in real-time, whether accessed from the corporate network, remote, or from a mobile device. Netskope claims that this allows security professionals to better understand risky activities, protect sensitive data, stop online threats, and respond to incidents in a way that fits how people work today. 

Netskope was founded in 2012 and is headquartered in Santa Clara, CA. Notable investors include Sequoia Capital, Lightspeed Venture Partners, and Accel. 

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Netskope Management

Leadership team at Netskope

Chief Executive Officer

Sanjay Beri

Chief Financial Officer

Drew Del Matto

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Netskope Key Facts

• As more companies adopt cloud services, the market for cloud security solutions is expected to grow quickly. Per market size data, it is expected to reach $147.45B in 2031 while growing at a CAGR of 17.9%. Netskope is well-positioned to capitalize on this trend with its cloud security platform. In fact, Gartner’s 2022 Magic Quadrant report names Netskope as a leader in the industry along with ZScaler and McAfee. 
• Netskope has a strong customer base, including several large enterprise clients, which suggests that its products are in demand and well-regarded in the market. Per its site, it has “thousands of customers worldwide, including more than 25 of the Fortune 100.”
• Netskope’s management team is comprised of individuals with decades of experience in the security and cloud infrastructure space. This expertise is particularly necessary in a niche industry like the one Netskope operates and it provides investors confidence in the leaders of the company itself.

• The cloud security market is quite competitive, with numerous incumbents along with several new startups. Netskope will need to continue to innovate and differentiate itself in order to maintain its position.
• Netskope’s security solutions are dependent on the underlying infrastructure provided by cloud providers like AWS and Azure, which can be subject to outages or other issues that can impact the availability and security of Netskope’s offerings.
• Per Investopedia, “litigation risk is the risk an individual or company will face legal action. This legal action could be the result of the individual or company’s products, services, actions, or another event.” The company faces significant litigation risk in the event that its products malfunction or fail to adequately protect against security breaches. 

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