Themes / Group
Inactive · newly observed relationshipLatest completed snapshot · Aug 24 · 16:55 ET

MARKET-DISCOVERED GROUP

Cybersecurity Software

THE TRADER READRecurring relationship, inactive in the latest snapshot

Price direction is split across 6 measured members. Capital-flow confirmation is unavailable.

Price breadth1 up · 5 downRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowLow_pressureActivity score 13/100
Evidence depth0 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

0 timed events
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

TUE, FEB 24FTNT filing documented shared operating contextproduct pipeline / R&D affecting expense · date precision only

MON, AUG 3TENB filing documented shared operating contextproduct pipeline / R&D affecting expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

6/6 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across FTNT, QLYS, RBRK, TENB.

product pipeline / R&D affecting expense

“Research and Development Three Months Ended June 30, Change (dollars in thousands) 2026 2025 ($) (%) Research and development $ 56,999 $ 59,236 $ (2,237) (4) % The decrease in research and development expense was primarily due to: • a $2.1 million increase in refundable research and development tax credits; and • a $0.9 million decrease in personnel costs, including a $1.3 million decrease in stock-based compensation and an unfavorable foreign currency impact of $3.1 million; partially offset by • a $0.6 million increase in third-party cloud infrastructure costs.”

TENB 10-Q · 2026-08-04
credit / rates affecting interest expense

“Interest Income, Interest Expense and Other Income (Expense), Net Three Months Ended June 30, Change (dollars in thousands) 2026 2025 ($) (%) Interest income $ 2,312 $ 4,080 $ (1,768) (43) % Interest expense (6,436) (7,139) (703) (10) % Other income (expense), net (1,308) 25 (1,333) (5,332) % The $1.8 million decrease in interest income was due to a decrease in short-term investments and reduced rates of return.”

TENB 10-Q · 2026-08-04
demand / volume affecting revenue

“As a result of customer buying patterns and the efforts of our sales force and channel partners to meet or exceed quarterly quotas, we have historically received a substantial portion of each quarter’s sales orders and generated a substantial portion of each quarter’s billings and revenue during the last two weeks of the quarter.”

FTNT 10-Q · 2026-05-08
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming
OKTA → UVXYInverse historical lead/lag · strength -0.19

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

No high-confidence filing-linked outsiders are available for this group yet.

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
PANWFTNTRBRKOKTAQLYSTENB

0/6 active1 rising · 5 falling

MemberUnusual activityToday's moveRead now
PANWPalo Alto Networks, Inc.
Elevated · 100/100
-3.1%
Active; unclassifiedHistorical role unavailable
FTNTFortinet, Inc.
Elevated · 66/100
+1.1%
Active; unclassifiedHistorical role unavailable
RBRKRubrik, Inc.
Elevated · 64/100
-5.5%
Active; unclassifiedHistorical role unavailable
OKTAOkta, Inc.
Elevated · 44/100
-0.2%
Active; unclassifiedHistorical role unavailable
QLYSQualys, Inc.
Elevated · 34/100
-1.4%
Active; unclassifiedHistorical role unavailable
TENBTenable Holdings, Inc.
Most unusual · 29/100
-3.4%
Watch / laggardHistorical role unavailable
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
PANWPalo Alto Networks, Inc.Participating-3.1%—Price participation is not yet confirmed by per-name flow.
FTNTFortinet, Inc.Participating+1.1%—Price participation is not yet confirmed by per-name flow.
RBRKRubrik, Inc.Participating-5.5%—Price participation is not yet confirmed by per-name flow.
OKTAOkta, Inc.Participating-0.2%—Price participation is not yet confirmed by per-name flow.
QLYSQualys, Inc.Participating-1.4%—Price participation is not yet confirmed by per-name flow.
TENBTenable Holdings, Inc.Most unusual-3.4%—Most unusual activity in this snapshot; performance direction may differ.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

No point-in-time live observations have completed yet.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support0 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades

Historical cohort observations are not available yet.