Competition around the Secure Access Service Edge (SASE) market figured into Morgan Stanley's Nov. 13 rating cut for Netskope; its shares were fractionally lower before the U.S. open.

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Netskope shares were fractionally lower before the U.S. market opened Nov. 13.

Competition around the Secure Access Service Edge (SASE) market figured into Morgan Stanley's Nov. 13 rating cut for Netskope; its shares were fractionally lower before the U.S. open.
The bank shifted its rating from Equal-weight. Coinbase reported $1.2 billion in third-quarter net revenue, compared with $1.8 billion a year earlier.
Morgan Stanley lowered its Nvidia target by $33 and kept its Overweight rating. Truist now rates the shares Hold, down from Buy.
The earnings call was scheduled for 4:30 p.m. ET. Morgan Stanley had lowered its rating ahead of the report.