{
  "report_id": "theme_ai_capex_node_software_security_monetization",
  "report_type": "theme_value_chain_node",
  "site_path": "themes/ai-capex-cycle/nodes/software-security-monetization/index.html",
  "title": "Software And Security Monetization",
  "as_of": "2026-06-13",
  "generated_at": "2026-06-13T15:47:10-07:00",
  "freshness": {
    "price_data_as_of": "2026-06-12",
    "daily_ohlc_latest": "2026-06-12",
    "weekly_ohlc_latest": "2026-06-12",
    "chart_interval": "weekly",
    "knowledge_reviewed_as_of": "2026-06-13",
    "active_common_stocks": 5274,
    "filtered_coverage_count": 4991,
    "limitations": [
      "The HTML no longer uses prior static setup thresholds as current trading evidence because local daily_ohlc coverage now extends to 2026-06-12.",
      "Next quarterly earnings dates were not confirmed on the reachable company or Nasdaq earnings pages during the 2026-06-13 bounded web check.",
      "MongoDB fiscal Q1 2027 revenue was supported by the local security lane and bounded search result because the company IR release URL returned a 403 during this pass.",
      "Review validation attempted a live selected-security HTTP check, but local loopback was not reachable in this command environment; static API hooks and focused API tests are the fallback."
    ]
  },
  "revision": {
    "version": 3,
    "updated_label": "Latest node-page card and evidence-board format",
    "metadata_path": "themes/ai-capex-cycle/nodes/software-security-monetization/report.json"
  },
  "node": {
    "slug": "software-security-monetization",
    "order": 9,
    "level": "L2 investable operating node",
    "role": "Tracks whether AI and cloud infrastructure turns into paid operational AI, cybersecurity, data, observability, workflow, database, CRM, and edge-platform revenue.",
    "description": "Software and security monetization covers the downstream test for the AI capex cycle: whether data-center spending becomes paid software, security, data, observability, workflow, database, and edge-platform revenue. Customers pay through subscriptions, usage consumption, ARR, RPO or cRPO, module adoption, retention, large-customer expansion, operating margin, and FCF per share. The current ranked read keeps PLTR first for direct operational AI evidence, PANW and CRWD next for security-platform monetization, then SNOW, DDOG, NOW, MDB, ZS, CRM, and NET for data, observability, workflow, database, zero-trust, CRM, and edge-network conversion."
  },
  "ticker_baskets": {
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      "PANW",
      "CRWD",
      "SNOW",
      "DDOG",
      "NOW",
      "MDB",
      "ZS",
      "CRM",
      "NET"
    ],
    "option": [],
    "watch": []
  },
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    "PLTR",
    "PANW",
    "CRWD",
    "SNOW",
    "DDOG",
    "NOW",
    "MDB",
    "ZS",
    "CRM",
    "NET"
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    {
      "chart_id": "chart-ddog",
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      "price_data_as_of": "2026-06-12",
      "daily_ohlc_latest": "2026-06-12",
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      "visible_start_date": "2023-06-16",
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      "fallback_table": false
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    {
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      "chart_id": "chart-mdb",
      "ticker": "MDB",
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      "price_data_as_of": "2026-06-12",
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      "api_route": "/api/securities/MDB/chart?frequency=weekly&window=3y&as_of=latest",
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    {
      "chart_id": "chart-zs",
      "ticker": "ZS",
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      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
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      "price_data_as_of": "2026-06-12",
      "daily_ohlc_latest": "2026-06-12",
      "visible_years": 3,
      "visible_start_date": "2023-06-16",
      "visible_end_date": "2026-06-12",
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      "fallback_table": false
    },
    {
      "chart_id": "chart-crm",
      "ticker": "CRM",
      "source_table": "daily_ohlc",
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      "visible_start_date": "2023-06-16",
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  "links_out": [
    "theme_ai_capex_cycle",
    "theme_enterprise_ai_software_roi",
    "risk_market_fragility_amplification"
  ],
  "knowledge_sources": [
    "../../../../../knowledge/wiki/concepts/themes/ai-capex-cycle.md",
    "../../../../../knowledge/wiki/concepts/themes/enterprise-ai-software-roi.md",
    "../../../../../knowledge/wiki/lanes/sector/information-technology.md",
    "../../../../../knowledge/wiki/concepts/themes/funding-dependency-and-duration-tolerance.md",
    "../../../../../knowledge/wiki/concepts/risks/market-fragility-amplification.md",
    "../../../../../knowledge/wiki/lanes/security/pltr.md",
    "../../../../../knowledge/wiki/lanes/security/panw.md",
    "../../../../../knowledge/wiki/lanes/security/crwd.md",
    "../../../../../knowledge/wiki/lanes/security/snow.md",
    "../../../../../knowledge/wiki/lanes/security/ddog.md",
    "../../../../../knowledge/wiki/lanes/security/now.md",
    "../../../../../knowledge/wiki/lanes/security/mdb.md",
    "../../../../../knowledge/wiki/lanes/security/zs.md",
    "../../../../../knowledge/wiki/lanes/security/crm.md",
    "../../../../../knowledge/wiki/lanes/security/net.md"
  ],
  "external_sources": [
    {
      "kind": "sec_filing",
      "label": "PLTR Q1 2026 results exhibit",
      "url": "https://www.sec.gov/Archives/edgar/data/1321655/000132165526000026/a2026q1ex991pressrelease.htm"
    },
    {
      "kind": "sec_filing",
      "label": "PLTR Q1 2026 Form 10-Q",
      "url": "https://www.sec.gov/Archives/edgar/data/1321655/000132165526000028/pltr-20260331.htm"
    },
    {
      "kind": "company_ir",
      "label": "PANW fiscal Q3 2026 results",
      "url": "https://investors.paloaltonetworks.com/news-releases/news-release-details/palo-alto-networks-reports-fiscal-third-quarter-2026-financial"
    },
    {
      "kind": "company_ir",
      "label": "CRWD fiscal Q1 2027 results",
      "url": "https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-first-quarter-fiscal-year-2027-financial"
    },
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      "kind": "sec_filing",
      "label": "SNOW fiscal Q1 2027 results exhibit",
      "url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014726000027/fy2027q1earnings.htm"
    },
    {
      "kind": "company_ir",
      "label": "DDOG Q1 2026 results",
      "url": "https://investors.datadoghq.com/news-releases/news-release-details/datadog-announces-first-quarter-2026-financial-results"
    },
    {
      "kind": "company_ir",
      "label": "NOW Q1 2026 results",
      "url": "https://investor.servicenow.com/news/news-details/2026/ServiceNow-Reports-First-Quarter-2026-Financial-Results/default.aspx"
    },
    {
      "kind": "company_ir",
      "label": "MDB fiscal Q1 2027 results",
      "url": "https://investors.mongodb.com/news-releases/news-release-details/mongodb-inc-announces-first-quarter-fiscal-2027-financial-results"
    },
    {
      "kind": "company_ir",
      "label": "ZS fiscal Q3 2026 results",
      "url": "https://ir.zscaler.com/news-releases/news-release-details/zscaler-announces-strong-third-quarter-fiscal-2026-results"
    },
    {
      "kind": "company_ir",
      "label": "CRM fiscal Q1 2027 results",
      "url": "https://investor.salesforce.com/news/news-details/2026/Salesforce-Delivers-Record-First-Quarter-Fiscal-2027-Results/default.aspx"
    },
    {
      "kind": "company_ir",
      "label": "NET Q1 2026 results",
      "url": "https://www.cloudflare.net/news/news-details/2026/Cloudflare-Announces-First-Quarter-2026-Financial-Results/default.aspx"
    },
    {
      "kind": "earnings_calendar",
      "label": "Nasdaq PLTR earnings page checked; no confirmed future quarterly earnings date captured on 2026-06-13",
      "url": "https://www.nasdaq.com/market-activity/stocks/pltr/earnings"
    },
    {
      "kind": "earnings_calendar",
      "label": "Nasdaq PANW earnings page checked; no confirmed future quarterly earnings date captured on 2026-06-13",
      "url": "https://www.nasdaq.com/market-activity/stocks/panw/earnings"
    },
    {
      "kind": "earnings_calendar",
      "label": "Nasdaq CRWD earnings page checked; no confirmed future quarterly earnings date captured on 2026-06-13",
      "url": "https://www.nasdaq.com/market-activity/stocks/crwd/earnings"
    },
    {
      "kind": "earnings_calendar",
      "label": "Nasdaq SNOW earnings page checked; no confirmed future quarterly earnings date captured on 2026-06-13",
      "url": "https://www.nasdaq.com/market-activity/stocks/snow/earnings"
    },
    {
      "kind": "earnings_calendar",
      "label": "Nasdaq DDOG earnings page checked; no confirmed future quarterly earnings date captured on 2026-06-13",
      "url": "https://www.nasdaq.com/market-activity/stocks/ddog/earnings"
    },
    {
      "kind": "earnings_calendar",
      "label": "Nasdaq NOW earnings page checked; no confirmed future quarterly earnings date captured on 2026-06-13",
      "url": "https://www.nasdaq.com/market-activity/stocks/now/earnings"
    },
    {
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      "url": "https://www.nasdaq.com/market-activity/stocks/mdb/earnings"
    },
    {
      "kind": "earnings_calendar",
      "label": "Nasdaq ZS earnings page checked; no confirmed future quarterly earnings date captured on 2026-06-13",
      "url": "https://www.nasdaq.com/market-activity/stocks/zs/earnings"
    },
    {
      "kind": "earnings_calendar",
      "label": "Nasdaq CRM earnings page checked; no confirmed future quarterly earnings date captured on 2026-06-13",
      "url": "https://www.nasdaq.com/market-activity/stocks/crm/earnings"
    },
    {
      "kind": "earnings_calendar",
      "label": "Nasdaq NET earnings page checked; no confirmed future quarterly earnings date captured on 2026-06-13",
      "url": "https://www.nasdaq.com/market-activity/stocks/net/earnings"
    },
    {
      "kind": "company_ir_events",
      "label": "CrowdStrike events page checked; next quarterly earnings date not posted on 2026-06-13",
      "url": "https://ir.crowdstrike.com/events-and-presentations/events"
    }
  ],
  "discovery_sources": [
    {
      "kind": "duckdb_readonly_query",
      "label": "Software And Security Monetization weekly OHLC and EMA chart inputs for the 10 ranked core tickers",
      "query_ref": "discovery:duckdb:daily_ohlc_weekly_aggregation_20w_100w_ema:software-security-monetization:2026-06-12"
    },
    {
      "kind": "duckdb_readonly_query",
      "label": "Core and watch-list daily_ohlc coverage plus market caps through 2026-06-12",
      "query_ref": "discovery:duckdb:daily_ohlc_coverage:PLTR|PANW|CRWD|SNOW|DDOG|NOW|MDB|ZS|CRM|NET|RBRK|DT|ESTC|GTLB|S|ADBE|TEAM:2026-06-12"
    },
    {
      "kind": "report_api",
      "label": "Selected-security right rail weekly chart route for ranked core tickers",
      "query_ref": "report-api:securities-chart:PLTR|PANW|CRWD|SNOW|DDOG|NOW|MDB|ZS|CRM|NET:frequency=weekly:window=3y:as_of=latest"
    }
  ]
}