Five things investors may have missed from Netskope’s most recent quarter

Netskope Inc.’s latest quarter delivered a solid beat and a raise, but the company’s story goes beyond the numbers. It demonstrated improving operating discipline, a meaningful rebound in net-new annual recurring revenue, and early evidence that artificial intelligence security could become a material expansion engine — even if it is not yet a near-term revenue cure-all. The market’s response to Netskope has been surprisingly cautious. The company is still early in its public life, investing heavily in its NewEdge infrastructure and navigating AI’s uncertain economics. Yet it is puzzling that the stock remains below its $18 IPO price despite a quarter that showed accelerating revenue, improving retention, a raised full-year outlook and better-than-expected operating leverage. Netskope closed at $13.75 before the earnings release and traded at $15.51 afterward, still below the IPO price. AI should create…