In the second initial public offering for cybersecurity stocks in 2025, Netskope (NTSK) on Tuesday raised its proposed price range to 17 to 19. Netskope stock will trade on the Nasdaq composite.
In the Netskope IPO, the cybersecurity firm expects to raise over $900 million with a valuation of $7.3 billion. Netskope operates a cloud-based Secure Access Service Edge, or SASE, platform that supports remote workers and branch offices. Founded in 2012, Netskope competes vs. Palo Alto Networks (PANW), Zscaler (ZS) 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 $207 million a year earlier.
"Through the Netskope One platform, we bring advanced security right to the edge via our lightning-fast global private cloud," said Chief Executive and cofounder 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."
Top Performing Cybersecurity Stocks
Netskope has focused on the financial services, health care and federal government markets.
SailPoint (SAIL), backed by private equity firm Thoma Bravo, launched an IPO in February. SailPoint stock has dipped about 1% in 2025.
IBD's group of cybersecurity stocks ranks No. 121 out of 197 groups tracked.
Among cybersecurity stocks, Cloudflare (NET) has advanced 105% in 2025 while CrowdStrike Holdings (CRWD) has gained 29%. CrowdStrike hosts an analyst day on Wednesday.
Meanwhile, Zscaler stock has gained 55% and Palo Alto stock is up 10% this year.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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