A broad cybersecurity vendor — network, cloud, and security operations — increasingly driven by AI.
| Indicator | Score | Band |
|---|---|---|
| Depreciation Integrity | 15 | GREEN (~15) |
| AI-Monetization Gap (reframed for Level 4) | 50 | AMBER (~45–55) |
| Insider-Selling Intensity | 20 | GREEN (~20) |
| Financing Opacity / Circular Leverage | 20 | GREEN (~20) |
| AI-Model Diminishing Returns (adapted for cybersecurity platform) | 40 | AMBER (~35–45) |
| Organic End-User Demand | 45 | AMBER (~40–50) |
Q. 'You stopped disclosing billings after the February 2024 earnings call that triggered a 28% single-day stock crash. Organic NGS ARR growth decelerated from 40% in Q1 FY2025 to 29% in Q1 FY2026. Now Q3 FY2026 shows plus 56% NGS ARR growth. Your own sheet flags that number as inorganic — CyberArk's ARR consolidated onto your books after the February 11, 2026 close. How much of that 56% is the platfo
A. Billings no longer disclosed after FY2024 controversy; absent from Q1 and Q2 FY2026 press releases and 10-Qs (confirmed in sheet). Feb 2024 earnings triggered a "28% single-day stock crash" (per sheet). Organic NGS ARR: Q1 FY25 $4.5B (+40%); Q4 FY25 $5.58B (+32%); Q1 FY26 $5.9B (+29%); Q2 FY26 $6.3B (+33%) — all PRIMARY (PANW quarterly EX-99.1 and 10-Qs). CyberArk closed 2026-02-11 (~$25B, PANW 8-
EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.
AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails
SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event
Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.
Score 20.0/100 from the engine.
Discretionary (no-plan) selling on the recent record: $10,495,806.
| Owner | Role | Date | Type | Value | Basis |
|---|---|---|---|---|---|
| Paul Josh D. | Chief Accounting Offic | 2026-08-01 | Tax withholding | $1,281,196 | — |
| Thorning-Schmidt Helle | Insider | 2026-07-07 | Sale | $242,795 | discretionary |
| Paul Josh D. | Chief Accounting Offic | 2026-07-01 | Tax withholding | $372,394 | — |
| Paul Josh D. | Chief Accounting Offic | 2026-07-01 | Sale | $310,500 | discretionary |
| Bawa Aparna | Insider | 2026-07-01 | Sale | $101,135 | discretionary |
| Bawa Aparna | Insider | 2026-06-29 | Sale | $101,314 | discretionary |
| Bawa Aparna | Insider | 2026-06-29 | Sale | $100,083 | discretionary |
| Golechha Dipak | EVP, Chief Financial O | 2026-06-23 | Sale | $85,440 | discretionary |
| Golechha Dipak | EVP, Chief Financial O | 2026-06-23 | Sale | $57,335 | discretionary |
| Golechha Dipak | EVP, Chief Financial O | 2026-06-23 | Sale | $375,644 | discretionary |
| Golechha Dipak | EVP, Chief Financial O | 2026-06-23 | Sale | $609,067 | discretionary |
| Golechha Dipak | EVP, Chief Financial O | 2026-06-23 | Sale | $257,885 | discretionary |
EDGAR Form 4, parsed structured · last 23 txns · asof 2026-08-08 · refreshes off the Form-4 event class
Pending analysis. not yet determined — on the follow-up ledger as of 2026-07-13. A dated commitment, not an apology.
Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).
≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday
Notes. held open — The desk has not ruled this slot.
Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.