William Blair initiated research coverage of Netskope, Inc. (NTSK $21.96), a leading provider of secure access service edge (SASE) solutions designed to help customers modernize their network security architectures.
Analyst Jonathan Ho estimated that the company would generate revenue of $690.3 million in fiscal 2026 (the company’s fiscal year ends in January) and $851.8 million in fiscal 2027.
“Netskope is unique in offering a purpose-built network with a security platform designed to address an AI-centric world with performance, data security, and scalability differentiation relative to first-generation solutions in the market,” Ho said. “Legacy products, such as firewalls and VPNs, are no longer sufficient to meet the needs of hybrid remote workers, shadow AI, data security, and zero trust initiatives. Netskope’s platform solution allows customers to have a more secure, better-performing, data-centric, and modernized network security capability. The company offers a next-generation cloud-native SASE platform with a broad set of capabilities for customers to modernize their security infrastructure. Netskope’s solution is based on its NewEdge network that offers significant performance, deep data visibility, and full-stack capabilities at every edge node. Its geographic coverage spans 220 countries and 75-plus regions, which is much more comprehensive than competitor networks reliant on hyperscalers.”
Ho continued, “Netskope’s data-centric network was purpose built to allow for deeper inspection of traffic required for AI use-cases. With the rise of AI in all of its various forms, the need to more granularly understand interactions between users and AI to apply policies to accessing data should lead to even stronger adoption of Netskope, in our view. Data are a critical element of AI security, and we believe Netskope’s DLP, CASB, NewEdge, and secure web gateway offerings provide a comprehensive set of solutions that can offer greater visibility than other solutions.”
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