In the second initial public offering for cybersecurity stocks in 2025, Netskope stock jumped on Thursday. Netskope stock trades on the Nasdaq composite.
In the Netskope IPO, the cybersecurity firm raised over $900 million with a valuation of $7.3 billion. Shares were priced at 19 at the open. On the stock market today, Netskope stock jumped 18.4% to close at 22.49.
Netskope operates a cloud-based Secure Access Service Edge, or SASE, platform that supports remote workers and branch offices. Founded in 2012, Netskope competes against Palo Alto Networks, Zscaler and many others.
According to a Netskope regulatory filing, the company's revenue increased 31% year-over-year to $328 million for the six months ended July 31. It had a net loss of $170 million, improving from a $207 million loss a year earlier.
SailPoint IPO Underwhelms
"Through the Netskope One platform, we bring advanced security right to the edge via our lightning-fast global private cloud," said cofounder and Chief Executive Sanjay Beri in the filing. "We designed it to understand the new 'language' of this modern internet, to leverage AI for superior insight and control over every digital interaction, whether from a user, a device, an app, or an AI agent, and to safeguard data and organizations against both threats and data leaks, in real time."
Netskope has focused on the financial services, health care and federal government markets.
SailPoint, backed by private equity firm Thoma Bravo, launched an IPO in February. SailPoint stock has dipped about 2% in 2025.
IBD's group of cybersecurity stocks ranks No. 117 out of 197 groups tracked.
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