Welcome to our dedicated page for Csp news (Ticker: CSPI), a resource for investors and traders seeking the latest updates and insights on Csp stock.
CSP Inc. (NASDAQ: CSPI) generates a steady flow of news as an award-winning provider of security and packet capture products, managed IT and professional services, and technology solutions. Company announcements often highlight developments in its High Performance Product business, including ARIA Cybersecurity Solutions, and its Technology Solutions business, which focuses on IT integration, cloud projects, and managed services.
Investors and technology professionals following CSPI news can expect updates on financial results, such as quarterly and full-year earnings releases filed in conjunction with Form 8-K current reports. These releases provide information on product and services revenue, performance of the Technology Solutions and High Performance Product areas, and commentary from management on business trends and customer momentum.
News from ARIA Cybersecurity frequently covers AZT PROTECT™ deployments and enhancements. Recent announcements describe AZT PROTECT being used to protect operational technology in manufacturing plants, steel mills, and telecommunications infrastructure, as well as new feature sets aimed at embedded industrial Internet of Things environments. CSPi also issues news on partnerships, such as agreements to integrate AZT PROTECT into third-party cyber protection platforms or to deploy the solution through regional resellers.
On the Technology Solutions side, CSPI news includes recognition in regional rankings for cloud computing, details on cloud and Microsoft Azure projects for customers in sectors like healthcare, and updates on managed IT and cloud services growth. Together, these news items give readers insight into how CSPi’s cybersecurity offerings and IT services are being adopted across industries. For an ongoing view of CSPI’s progress, product milestones, customer wins, and financial disclosures, this news page aggregates company press releases and related coverage in one place.
CSPi has announced advancements in its ARIA Cybersecurity Solutions utilizing NVIDIA's BlueField-2 DPU and the DOCA 1.2 software framework. This enables enhanced cyber threat detection capabilities for its ARIA SDS application suite, offering real-time protection against sophisticated malware including ransomware. The ARIA Automated Detection and Response solution leverages DOCA for high-speed analytics, facilitating the rapid identification and containment of cyber attacks. As organizations face increased cybersecurity threats, these innovations provide a robust, scalable defense against data breaches.
CSPi has received a multi-million, multi-site order for its ARIA SDS solution from a national intelligence agency, enhancing network visibility for national security. This solution, designed for high-bandwidth processing, will improve incident detection and response by effectively filtering network traffic. The rollout is scheduled for the second half of 2022, pending supply chain conditions. This strategic deployment underscores ARIA's capabilities in real-time packet analytics, vital for cybersecurity.
CSP Inc. (NASDAQ: CSPI) reported its fiscal 2021 third quarter results, with revenues of $13.7 million, down slightly from $13.8 million year-over-year. Gross profit improved to $4.2 million, representing a 30.7% margin, marking the seventh consecutive quarter of year-over-year margin improvement. The company posted a net loss of $0.4 million, or $0.10 per share. Despite challenges, CSPi secured a multi-million-dollar cloud contract and continues to onboard ARIA ADR customers. The balance sheet remains strong with $19.7 million in cash, supporting its growth strategy.
CSPi (NASDAQ: CSPI) plans to release its fiscal third quarter financial results on August 11, 2021, before market opening.
The call will be hosted by President and CEO Victor Dellovo and CFO Gary W. Levine at 10:00 a.m. ET, providing a review of the financials and a business update.
Investors can access the live webcast on the company's website or by telephone. A replay of the webcast will be available for one year.
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CSP Inc. (NASDAQ: CSPI) reported its fiscal 2021 second-quarter results, revealing revenue of $14.1 million, a 24% increase from the first quarter but a decline from the prior year's $16.9 million. The gross margin improved by 4 percentage points to 31% of sales, attributed to a favorable revenue mix. Despite a net loss of $0.8 million or $(0.20) per share, the company noted strong customer engagement and emerging opportunities in cybersecurity. Cash and equivalents stood at $20.4 million as of March 31, 2021, reflecting a $0.5 million increase from the previous quarter.
CSPi has announced that ARIA Cybersecurity Solutions has joined the HPE OEM partner program. This collaboration will allow ARIA to offer its Myricom SmartNICs and ARIA Software Defined Security applications on HPE ProLiant servers. The partnership aims to enhance data-intensive applications, providing solutions for network monitoring, cyber-attack detection, and policy enforcement. By utilizing SmartNIC technology, organizations can significantly reduce power consumption and costs, improving their cybersecurity posture.
CSPi (NASDAQ: CSPI) will release its fiscal second quarter financial results on May 11, 2021, before market opening. This announcement was made by President and CEO Victor Dellovo and CFO Gary W. Levine. A conference call is scheduled for 10:00 a.m. ET the same day to discuss the results and provide business updates. The call will be accessible via a live webcast on the company's website, and a replay will be available for approximately one year.
CSPi (NASDAQ: CSPi) announced that its ARIA Cybersecurity Solutions will utilize the NVIDIA Morpheus framework to enhance their Software Defined Security (SDS) applications. This partnership aims to improve cyber-attack detection and response capabilities, leveraging AI and machine learning on real-time network traffic analytics. The ARIA Advanced Detection and Response (ADR) and Packet Intelligence (PI) solutions will now extend their capabilities to edge cloud environments, enabling service providers to handle data-intensive applications effectively.
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