Thesis pillars
- Rapid Revenue Growth→Stable
- Elite Rule Of 40 Fcf→Stable
- Perfect Earnings Beat Streak→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Mar 31, 2026
Netskope, Inc. (NTSK) Stock Analysis
Range Bound setup · Catalyst-Driven edge
Technology · Software - Infrastructure
Hold if already holding. Not a fresh buy at $22.77, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4).
Netskope provides a cloud-native security and networking platform (Netskope One) for enterprises, with zero-trust access, DLP, and secure web gateway via its NewEdge network of 125+ edge data centers in 80 regions. The company generated $709.0 million in revenue for fiscal 2026... Read more
Hold if already holding. Not a fresh buy at $22.77, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4). Chart setup: RSI 58 mid-range, Bollinger mid-band. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.4/10, high confidence.
Passes 5/8 gates (clean insider activity, news boost analyst cluster(5), earnings proximity 27d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
About Netskope, Inc.
About Netskope, Inc.
Netskope's Netskope One platform delivered $709.0 million in revenue for fiscal 2026 ended January 31, 2026, growing from $538.3 million in fiscal 2025 and $406.9 million in fiscal 2024, while the company posted a net loss of $679.4 million and carries an accumulated deficit of $2.6 billion. The NewEdge private cloud network spans more than 125 full-compute edge data centers across 80 regions with over 10,000 network adjacencies to over 700 autonomous systems. Netskope received FedRAMP High Authorization, opening access to U.S. federal agency accounts as a new customer segment.
Netskope earns revenue from subscription contracts, with a substantial majority running one to three years. The top five channel partners and their affiliates represented 35% of fiscal 2026 revenue and 33% of fiscal 2025 revenue, with distribution through VARs, distributors, system integrators, MSPs, and global telecommunications providers. The Netskope One platform integrates cloud inline security, CASB, DLP, threat protection, secure web gateway, ZTNA, and additional products into a single architecture that runs on the NewEdge private cloud, allowing customers to replace on-premises hardware appliances. The 10-K notes the company is actively expanding its Americas salesforce to increase U.S. market share, and that sales cycles are long and unpredictable, requiring substantial pre-sales investment. The filing positions Netskope against legacy appliance-based and first-generation cloud security vendors that cannot inspect modern application-layer traffic at scale.
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Netskope's top five channel partners collectively accounted for 35% of fiscal 2026 revenue, up from 33% in fiscal 2025, consistent with consolidation in the company's distribution network. The 10-K explicitly notes that mergers among channel partners may increase reliance on individual distributors, and that partner arrangements are generally non-exclusive—meaning top-tier resellers may shift emphasis to competing platforms with limited notice and no financial penalty. If a top-tier partner were to deemphasize Netskope One, revenue sourced through that channel could decline without an immediate contractual remedy available to the company.
See also: Technology · Software - Infrastructure
From Netskope, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
No fresh coverage since Sep 2, 2026
Recent Developments — Netskope, Inc.
Latest news
- NEWS Netskope Q2 Results: Adj. EPS $(0.03), Sales $220.541M Beat Estimates - scanx.trade — scanx.trade Sep 2, 2026 positive
- NEWS Earnings call transcript: Netskope beats Q2 2026 estimates, shares jump 13% - Investing.com India — Investing.com India Sep 2, 2026 positive
- NEWS Earnings call transcript: Netskope beats Q2 2026 estimates, shares jump 13% - in.investing.com — in.investing.com Sep 2, 2026 positive
- NEWS Transcript: Netskope Q2 2027 Earnings Conference Call - Benzinga — Benzinga Sep 2, 2026 positive
- NEWS Netskope Q2 2027 Earnings Call Transcript - MarketBeat — MarketBeat Sep 2, 2026 positive
Latest item Sep 2, 2026 · Generated 2026-11-05T11:54:12Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomertop five partners35%10-K Item 1A: 'sales through our top five partners and their affiliates, in aggregate, represented 35% of our revenue for fiscal 2026 and 33% of our revenue for fiscal 2025'
Material Events(8-K, last 90d)
- 2026-06-03Item 5.02HIGHCFO Andrew Del Matto announced as retiring, effective upon the start of a successor. Company to commence search for new CFO; Del Matto to remain through search and transition period. No successor named.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $22.77, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4). Chart setup: RSI 58 mid-range, Bollinger mid-band. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Analyst target $17.83 reached (−21.7%), stop $21.18 (−7.5%), A.R:R -1.4:1. Score 5.4/10, high confidence.
Analyst target $17.83 reached (−21.7% from $22.77); no take-profit level is published. Analyst target $17.83 reached (−21.7%), stop $21.18 (−7.5%), A.R:R -1.4:1. Stop-loss: $21.18.
Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4); Sector modifier (Technology): -0.8.
Netskope, Inc. trades at a P/E of N/A (forward 820.2). TrendMatrix value score: 2.2/10. Verdict: Hold.
25 analysts rate NTSK, with a consensus score of 4.2/5. 18 analysts publish price targets averaging $20.
What does Netskope, Inc. do?Netskope provides a cloud-native security and networking platform (Netskope One) for enterprises, with zero-trust...
Netskope provides a cloud-native security and networking platform (Netskope One) for enterprises, with zero-trust access, DLP, and secure web gateway via its NewEdge network of 125+ edge data centers in 80 regions. The company generated $709.0 million in revenue for fiscal 2026 on subscriptions of one to three years. Top five channel partners and affiliates represented 35% of fiscal 2026 revenue.