Corrections
A published issue is never edited after the fact. When something in one is wrong, the fix is a dated note placed beside the item on the page, and the correction is listed here too, with the original left in the record exactly as it was published. The standing tables are different: a wrong entry there is fixed in place, given the date of the fix, and listed here. To report an error, write to jesse@keatingpike.com.
Correction, 21 September 2026. The Platform pressure table described three closed acquisitions as cloud security absorbed into a hyperscaler: Palo Alto Networks acquiring Protect AI, and F5 acquiring CalypsoAI and SurePath AI. Neither Palo Alto Networks nor F5 is a hyperscaler, and all three targets are AI security companies, not cloud security companies. Each of those three rows now reads "AI security absorbed into a platform vendor. Watch whether it survives as a product or becomes a feature." and is dated to this approval. The row for Wiz, bought by Google, was correct as printed and is unchanged. Jesse Pike.
Approved by Jesse Pike
Correction, 20 September 2026. In the issue for the week ending 6 September 2026, two headlines gave a quarterly revenue figure as a full-year figure. Zscaler's revenue of $898.2 million and Palo Alto Networks' revenue of $3.41 billion are each for the fiscal fourth quarter ended 31 July 2026, not for fiscal year 2026. The growth rates and the recurring-revenue figures were stated correctly. The same issue described Palo Alto's 63 percent growth in Next-Generation Security recurring revenue as the fastest of the week's results; that figure is a company-defined segment and is not comparable with other companies' total revenue growth, so the comparison is withdrawn. The original text is unchanged in the record. Jesse Pike.
Approved by Jesse Pike