Databricks Launches Lakewatch Cybersecurity Product
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19 hours ago
0mins
Should l Buy WDAY?
Source: CNBC
- New Product Launch: Databricks has introduced Lakewatch, a cybersecurity product leveraging large language models (LLMs) to automate and enhance security measures, with current users including Adobe and National Australia Bank, indicating strong market demand and potential.
- Innovative Pricing Model: Unlike traditional models that charge based on data storage, Lakewatch will charge based on the workload performed by the software, aiming to reduce costs for customers and attract more enterprises to adopt this solution.
- Competitive Market Advantage: As an alternative to traditional security information and event management (SIEM) services, Lakewatch could pose a threat to industry giants like Palo Alto Networks, Cisco, and Google, helping Databricks carve out a niche in the cybersecurity sector.
- Future Growth Potential: With increasing cybersecurity demands, Lakewatch is positioned to support Databricks' $134 billion valuation and pave the way for a potential IPO, with CEO Ali Ghodsi hinting at a possible public offering in 2026.
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Analyst Views on WDAY
Wall Street analysts forecast WDAY stock price to rise
31 Analyst Rating
22 Buy
9 Hold
0 Sell
Moderate Buy
Current: 137.060
Low
235.00
Averages
275.19
High
325.00
Current: 137.060
Low
235.00
Averages
275.19
High
325.00
About WDAY
Workday, Inc. is a provider of an artificial intelligence (AI) platform to help organizations manage their people, money, and agents. The Company provides over 11,000 organizations with cloud solutions powered by AI to help solve business challenges, including supporting and empowering their workforce, managing their finances and spending in an ever-changing environment, and planning for the unexpected. It offers Financial Management, Spend Management, Human Capital Management (HCM), Planning, and Analytics applications. The Company sells its solutions worldwide primarily through direct sales. It also offers professional services, both directly and through its Workday Services Partners, to help customers deploy its solutions. It offers businesses flexible solutions to help them adapt to their industry-specific needs and respond to change. It serves various industries, including professional and business services, financial services, healthcare, education, government, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Innovative Pricing Model: Unlike traditional models that charge based on data storage, Lakewatch will charge based on the workload performed by the software, aiming to reduce costs for customers and attract more enterprises to adopt this solution.
- Competitive Market Advantage: As an alternative to traditional security information and event management (SIEM) services, Lakewatch could pose a threat to industry giants like Palo Alto Networks, Cisco, and Google, helping Databricks carve out a niche in the cybersecurity sector.
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- Innovative Pricing: Lakewatch's pricing model will be based on the amount of work performed by the software rather than the volume of data stored, a strategy that will lower costs for clients and encourage more businesses to adopt the service.
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- Oil Price Fluctuations: WTI crude oil prices surged over 4%, reaching elevated levels due to Iran's missile and drone strikes on Israel and US bases, raising fears about energy supply disruptions that could impact global economic recovery.
- Economic Data: Despite market pressures, Q4 nonfarm productivity remained at 1.8%, while unit labor costs were revised up to 4.4%, exceeding expectations, indicating resilience in the economic fundamentals that may provide some support to the stock market.
- International Tensions: Reports of Saudi Arabia and the UAE aligning with the Iran conflict have heightened market anxiety, as investors are closely monitoring the potential for increased US military deployment, which could escalate tensions and affect global market stability.
See More
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- Increase in Individual Stocks: Despite the overall decline, UiPath experienced a 4 percentage point rise in short interest over the past month, reaching 26.2%, pushing its stock into what S3 refers to as 'battleground' territory, highlighting ongoing investor scrutiny.
- Cautious Market Sentiment: Concerns about AI competitors and automation tools potentially undermining traditional software demand have intensified, prompting a reevaluation of long-term revenue potential for software licenses and workflows, thereby affecting market sentiment.
- Selective Investment Strategy: As aggregate sector positioning stabilizes, investors are increasingly focusing on specific companies like Sprinklr, Dropbox, and Workday, which have seen notable increases in short interest over the past month, reflecting a heightened awareness of perceived vulnerabilities.
See More
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- Market Movement: The S&P 500 Index is down 0.16%, while the Dow Jones Industrial Average is up 0.13%, and the Nasdaq 100 Index has decreased by 0.50%, reflecting investor concerns over the ongoing Iran conflict, which is dampening market sentiment.
- Rising Energy Prices: WTI crude oil prices have surged over 4% due to Iran's missile strikes on Israel and US bases, which not only limits stock market declines but also raises inflation expectations, potentially influencing future monetary policy decisions.
- Economic Data Performance: The US Q4 nonfarm productivity remained unchanged at 1.8%, while unit labor costs were revised up to 4.4% from 2.8%, exceeding market expectations, indicating economic resilience that may support the stock market.
- International Tensions Impact: Saudi Arabia and the UAE have taken steps toward joining the Iran war, potentially escalating the conflict, which increases market concerns about future geopolitical risks and drives investors towards safer assets.
See More
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- Rising Oil Prices: WTI crude oil prices surged over 4% due to Iran's missile strikes on Israel and US bases, exacerbating global supply chain tensions and potentially raising inflation expectations in the coming months, which could influence the Fed's monetary policy.
- Mixed Economic Data: Q4 nonfarm productivity remained unchanged at 1.8%, but unit labor costs were revised up to 4.4% from 2.8%, exceeding market expectations, indicating rising labor costs that may pressure corporate profits and subsequently impact stock market performance.
- International Tensions: Saudi Arabia and the UAE have taken steps toward joining the Iran war, potentially escalating the conflict, and the high uncertainty surrounding future developments will continue to affect investor confidence and market volatility.
See More
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- New Product Launch: Databricks has introduced Lakewatch, a cybersecurity product leveraging large language models (LLMs) to automate and enhance security measures, with current users including Adobe and National Australia Bank, indicating strong market demand and potential.
- Innovative Pricing Model: Unlike traditional models that charge based on data storage, Lakewatch will charge based on the workload performed by the software, aiming to reduce costs for customers and attract more enterprises to adopt this solution.
- Competitive Market Advantage: As an alternative to traditional security information and event management (SIEM) services, Lakewatch could pose a threat to industry giants like Palo Alto Networks, Cisco, and Google, helping Databricks carve out a niche in the cybersecurity sector.
- Future Growth Potential: With increasing cybersecurity demands, Lakewatch is positioned to support Databricks' $134 billion valuation and pave the way for a potential IPO, with CEO Ali Ghodsi hinting at a possible public offering in 2026.
See More
Databricks Launches Lakewatch Security Service to Challenge Cybersecurity Giants
- Product Launch: Databricks has introduced Lakewatch, a security information and event management service designed to leverage generative AI to challenge established cybersecurity vendors, which is expected to attract more clients and enhance market competitiveness.
- Acquisition Strategy: The company has acquired security startup Antimatter and plans to buy SiftD, which boasts 39 years of experience at Splunk, thereby strengthening Lakewatch's technological capabilities and market recognition.
- Innovative Pricing: Lakewatch's pricing model will be based on the amount of work performed by the software rather than the volume of data stored, a strategy that will lower costs for clients and encourage more businesses to adopt the service.
- Market Outlook: As generative AI increasingly impacts cybersecurity, Lakewatch has the potential to support Databricks' $134 billion valuation ahead of a future IPO, drawing investor interest.
See More
