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Netskope Stock Pops Friday, Extending Post-IPO Gains

1. Netskope's IPO debuted at $19, raising $908.2 million. 2. Shares surged nearly 7% to around $24 after the initial offering. 3. CEO believes going public will enhance credibility and customer awareness. 4. Company reported a 31% revenue increase, narrowing net loss significantly. 5. Cybersecurity sector shows strong growth amid rising AI-driven threats.

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FAQ

Why Very Bullish?

The significant IPO gains and revenue growth underscore strong investor confidence.

How important is it?

The IPO’s success and promising revenue growth directly impact NTSK's future valuation.

Why Long Term?

Sustained growth in cybersecurity after a successful IPO suggests long-term potential.

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