Google-Wiz deal fizzles out, company will pursue IPO

Post by [deleted] » Tue, Jul 23, 2024, 6:08 AM UTC

jppope wrote: post #49

oceanplexian wrote: post #24

Earlier quoted context omitted.

Look at their financials, CloudFlare might be popular among the HN crowd but the stock is massively overvalued. At the end of the day they are a commodity CDN that somehow can’t run a profitable business.

Yeah nah... they have great products and their primary business is allowing them to enter markets where other companies can't compete. The valuation is based on potential not the business as it stands today. And to your point they are popular with the HN crowd which is usually a strong indicator.

Post by globular-toast » Tue, Jul 23, 2024, 6:13 AM UTC

Post by generic92034 » Tue, Jul 23, 2024, 6:20 AM UTC

danpalmer wrote: post #10

ds wrote: post #7

Far more likely is Google was not willing to complete the deal and was pulling the plug after looking at internal data. Wiz, fearing the bad press of Google backing out rushes to tell journalists that THEY are walking away because they are worth more. Wiz's valuation is insane. Most people havent even heard of them. I think it was a > 60x ARR multiple on this deal. Id actually be kinda pissed if I was a google shareh…

While I don't have any comment on this instance, in general I think it's easier to hype the public markets who have limited information than it is to type a bunch of people doing due diligence on an acquisition, even if ultimately the latter is still a case of public market valuation through the acquiring public company. This is particularly true in the current age of extremely hype driven retail investing.

Post by pwdisswordfishd » Tue, Jul 23, 2024, 6:24 AM UTC

walterbell wrote: post #32

chatmasta wrote: post #29

Earlier quoted context omitted.

They’ve had some really nice writeups but I always thought they were your generic security firm doing some bug hunting. Recently I happened upon their domain submissions to HN and saw they raised $1b+ and was like wtf? What do they actually do? I mean what are their products that people pay for? Maybe there are obvious answers to these questions, but if a company is worth $23bn I’d expect that as somebody in the indu…

https://old.reddit.com/r/cybersecurity/comments/1c1s9r2/wiz_... > Wiz combines a graph search for asset management with agentless vuln and malware scanning that clones EBS volumes and scans them on their infrastructure. That's a great combo for vuln management, but has some downsides like delays between scans and cloud costs. They have a sensor with solid detection rules, and are okay at a bunch of other stuff like c…

Post by thegrizzlyking » Tue, Jul 23, 2024, 6:27 AM UTC