SEC · T12
Will the combined revenue growth of six major cybersecurity firms exceed 15% year over year for the four quarters ending near 2027-06-30?
AI-expanded attack surface and AI-enabled attackers pull incremental budget into security, so the listed security cohort grows materially faster than overall enterprise IT spend.
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AI expands the attack surface and the security budget
Lower attacker barriers (fast phishing, collapsing breakout time) plus more AI-generated software and agents raise perceived and actual risk. CIOs redirect budget toward security, lifting aggregate vendor revenue growth above the broader software and IT baseline.
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Security spend tracks overall IT, no outsized surge
AI capability gains apply symmetrically to attackers and defenders, so there is no net increase in the offense-defense imbalance that would force budget toward security faster than overall IT spend grows. Because the risk is not newly asymmetric, the combined revenue growth of the six-firm cohort stays at or below the 15% threshold over the four quarters ending near 2027-06-30.
1 voice
The questions
Settles Oct 28open
Will Fortinet turn 33 percent or more of its revenue into operating cash in the quarter ending September 30 2026?
Settles Oct 28open
Will Fortinet turn 39 percent or more of its revenue into operating cash in the quarter ending September 30 2026?
Settles Oct 28open
Will Fortinet turn 45 percent or more of its revenue into operating cash in the quarter ending September 30 2026?
Settles Nov 18open
Will Palo Alto Networks turn 36 percent or more of its revenue into operating cash in the quarter ending October 31 2026?
Settles Nov 18open
Will Palo Alto Networks turn 39.5 percent or more of revenue into operating cash in the quarter ending October 31, 2026?
Settles Nov 18open
Will Palo Alto Networks turn 43.0 percent or more of revenue into operating cash in the quarter ending October 31, 2026?