{"id":133257,"date":"2025-09-04T22:16:08","date_gmt":"2025-09-04T22:16:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/133257\/"},"modified":"2025-09-04T22:16:08","modified_gmt":"2025-09-04T22:16:08","slug":"cohesity-preps-for-ipo-after-gaining-market-lead","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/133257\/","title":{"rendered":"Cohesity Preps For IPO After Gaining Market Lead"},"content":{"rendered":"\n<p class=\"yf-1090901\">This article first appeared on <a href=\"https:\/\/www.gurufocus.com\/news\/3094281\/cohesity-preps-for-ipo-after-gaining-market-lead?utm_source=yahoo_finance&amp;utm_medium=syndication&amp;utm_campaign=headlines&amp;r=caf6fe0e0db70d936033da5461e60141\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:GuruFocus;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GuruFocus<\/a>.<\/p>\n<p class=\"yf-1090901\"><a href=\"https:\/\/seekingalpha.com\/news\/4492125-nvidia-backed-cohesity-targets-2026-ipo-eyes-rubrik-sized-valuation---report\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Cohesity is getting ready;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Cohesity is getting ready<\/a> for Wall Street. CEO Sanjay Poonen told CNBC the data security firm could go public in 2026, once it has a full year of results from its merger with Veritas&#8217; data protection arm. That deal, completed in December 2024, created the industry&#8217;s largest player with 19% market share and a valuation of just over $7 billion.<\/p>\n<p class=\"yf-1090901\">The company, backed by Nvidia (<a class=\"link \" href=\"https:\/\/www.gurufocus.com\/id\/NVDA?r=caf6fe0e0db70d936033da5461e60141&amp;utm_source=yahoo_finance&amp;utm_medium=syndication&amp;utm_campaign=headlines&amp;utm_content=cohesity_preps_for_ipo_after_gaining_market_lead&amp;utm_term=RBRK\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:NASDAQ:NVDA;elm:context_link;itc:0;sec:content-canvas\">NASDAQ:NVDA<\/a>), had weighed going public earlier but held back. I made a calculation in 2022 that we could go public, but in the midst of all of these companies, we&#8217;d be a smaller fish, Poonen said. We wanted to be the biggest fish, have the biggest market share, and then go public. With Cohesity&#8217;s fiscal year ending in August, that points to a potential listing in fall 2026.<\/p>\n<p class=\"yf-1090901\">Cohesity is measuring itself against Rubrik (<a class=\"link \" href=\"https:\/\/www.gurufocus.com\/id\/RBRK?r=caf6fe0e0db70d936033da5461e60141&amp;utm_source=yahoo_finance&amp;utm_medium=syndication&amp;utm_campaign=headlines&amp;utm_content=cohesity_preps_for_ipo_after_gaining_market_lead&amp;utm_term=RBRK\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:NYSE:RBRK;elm:context_link;itc:0;sec:content-canvas\">NYSE:RBRK<\/a>), which went public in April 2024 and is valued around $17 billion. Rubrik trades at 12.75 times sales versus 7.16 for smaller peer Commvault. If Cohesity delivers, Poonen believes it deserves a comparable or superior valuation, more than doubling its value since the Veritas tie-up.<\/p>\n","protected":false},"excerpt":{"rendered":"This article first appeared on GuruFocus. Cohesity is getting ready for Wall Street. CEO Sanjay Poonen told CNBC&hellip;\n","protected":false},"author":2,"featured_media":65000,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,83991,45628,112,83992,83993],"class_list":{"0":"post-133257","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-cohesity","10":"tag-market-share","11":"tag-markets","12":"tag-sanjay-poonen","13":"tag-veritas"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/133257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=133257"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/133257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/65000"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=133257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=133257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=133257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}