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Exclusive Q&A: Football Star Patrick Willis Now Tackling Technology

Former San Francisco 49er Patrick Willis has been called one of the two greatest linebackers in the history of the NFL. Before he retired from football in early 2015 amid a mounting list of injuries, Willis tallied 950 tackles, sacked 20 quarterbacks and even scored a pair of touchdowns. He played in seven Pro Bowls and was a first-team All-Pro five times. And, at 242 pounds, he could run the 40-yard dash in 4.56 seconds. So, to say he stands out at San Jose, Calif.-headquartered Open Source Software would be an understatement. Privately-owned Open Source Storage was founded 22 years ago with CEO Eren Niazi’s vision of a world run on commodity hardware and open source software. Open Source Storage counts Facebook ( FB ), Shutterfly ( SFLY ) and the U.S. Army among its clients. The company says it has helped more than 200 enterprise customers deploy cloud-storage solutions. After hanging up his cleats, a series of serendipitous events led 31-year-old Willis to Niazi and Open Source Storage. The more he read up on the company, Willis told IBD, the more excited he became about Open Source Storage and its potential. A year after signing on to his new field, this former NFL heavy-hitter is still tackling — now, it’s just new partnerships instead of opponents. IBD recently spoke with Willis and Niazi. IBD : What’s your role is with the company? Willis : My role with Open Source Storage is (executive vice president) of cloud partnerships. I do the interviews, and really that’s so I can help cultivate a positive environment, something we can give back to the community and to the world. I’ve been enjoying it each day. IBD : What’s your vision for Open Source Storage? Niazi : Open Source Storage is something I thought of over 25 years ago. I was a teenage boy and I bought the domain name. I had a vision for the world running on commodity hardware with open source software. Really, the client benefits. On average, it’s 50% faster, it’s 50% cheaper and it’s 50% lower total cost of ownership. We were a very large company from the early days. We built Facebook, Shutterfly,  (early social network) Friendster, the U.S. Army — so we have quite the track record in doing large, enterprise deployments using commodity hardware and open source software. IBD : Patrick, how did you become involved with the company? Willis : It was kind of a transition. I was getting ready to retire and in my mind (I thought), “I’m just going to retire and chill for a while.” I’d spent my whole life focused on becoming what I had become, an NFL player. I just wanted to rest. During that time, I just happened to bump into the creator of this whole thing. We just happened to be talking and the more I listened to him the more I had respect for his vision. And I thought, “I want to be a part of this.” I’m a very passionate person and I don’t do anything unless it has my attention in a strong way. The more I read about Open Source Storage, I got excited and I thought, “I’m not 100% sure, but my gut is telling me this is a very valuable company.” When I say valuable, I don’t mean from a financial standpoint, I mean from the way it stood out in my mind. That’s what life is all about: When you get intrigued about something, following it. IBD : Do you have a technology background? Willis : No, ma’am. No technology background. Things happened at the right moment and I took advantage of it. The opportunities are always around us, but the great ones only come around once every so often. When the great ones are there, you take advantage of it. IBD : How was the transition from the NFL to tech? Willis : It’s better to look at someone else and be able to say, “You can do that. I’ve done it myself.” That’s how I look at things in life. The transition has been amazing. I’m a spiritual person and it just feels right. Really, it’s just having the will to want to and having the faith that you’re doing the right thing. And I truly feel I am. I look forward to work each day, can’t wait for the weekends to go by. IBD : What are the differences between leading an NFL team and leading a tech team in Silicon Valley? Willis : Really, it’s just like anything. I didn’t get to where I was — I was fortunate enough to play eight years in the NFL — without growing to understand the game and the people. They always say when you come in as an athlete, your athletic ability is far, far beyond your knowledge of the game. But at some point in time, your knowledge catches up to your athletic ability. For me, I just felt like I’d gotten to the point my knowledge and athletic ability were about the same. So part of my knowledge was starting to overcome my athletic ability. I just knew it was time for a change. So now with Open Source, I bring my knowledge with knowing how to work with people. Everyone is different and we all have what makes us special, and I just try to pay attention to those things. IBD : What’s your long-term goal for Open Source and working in Silicon Valley? Willis : I’m a firm believer that we were born to create and I truly feel like that’s my whole thing. In order for me to say, “I’m ready for one chapter to end and start another one,” it takes change, but also to create that passion all over again. I’m really excited every day I come in. I feel like I’m more excited to come in and be doing this than I was playing football, as much as I enjoyed it. I feel like I’m in the right place at the right time in the right moment. IBD : What’s your message for kids as a role model? Willis : I’m a big believer in dreams and that’s where it all started for me as a young kid. I was a dreamer and not only was I a dreamer, I believed if I dreamed it, I dreamed it for a reason. I feel like Open Source Storage allows you to bring your dreams to life. I’m here to tell you — whether you’re a kid or an adult — if you have a dream, dream it. If I had listened to people say, “Don’t do this,” or “Only certain people can do that,” I wouldn’t be where I am today. IBD : Do you have a prediction for the 49ers this upcoming season? Willis : I just wish them well.

CyberArk Defies Broad Security Tumble On ‘Broadening’ Sales Views

CyberArk Software ( CYBR ) stock lifted Thursday on a bullish report from Imperial Capital that sees an 8% upside to the privileged account manager’s Q1 earnings, posted early this month, driven by increased cross-selling opportunities and broader greenfield adoption. Imperial Capital analyst Michael Kim kept his in-line rating on CyberArk stock, but boosted his price target to 45 from 41. In early afternoon trading on the stock market today , CyberArk stock was up 2%, near 42, and touched a six-week high at 42.94. But shares are 16% off a 2016 high of 49.56, achieved Jan. 22. The lift defied a fractional decline in IBD’s 26-company Computer Software-Security industry group. Shares of Imperva ( IMPV ), FireEye ( FEYE ),  Check Point Software Technology ( CHKP ) and  Symantec ( SYMC ) were all down more than 1% apiece Thursday afternoon. “At current levels, we think CyberArk shares offer balanced risk/reward,” Kim wrote in a research report. “Investors could become more constructive as the company gains greater scale and broader adoption of its new offerings.” Kim expects less volatile near-term license revenue growth and margin expansion. But he cut his 2017 earnings per share minus items view to $1.14 from $1.16 on expected investments in growth. Wall Street models $1.13, up 23% above 2016 views for 92 cents. CyberArk still has runway to add new customers, Kim wrote. During Q1, CyberArk added 100 new customers, bringing the company’s installed base to 2,600. Nearly a third of new customers added three or more products, “highlighting the company’s broadening cross-selling and up-selling opportunities.” In Q1, CyberArk also doubled its sales in its government, health care, retail, media and education segments. License revenue grew 38% vs. the year-earlier quarter, trailing 50% growth in the maintenance and professional services business.

PayPal Stock Slides As Investor Day Leaves Analysts With Questions

Digital payments giant PayPal ( PYPL ) was down midday Thursday, after its investor day showcased its ambitious plans but failed to alleviate Wall Street’s fears of competition. Management emphasized the breadth of the platform, covering not only the traditional online payment capability but newer technologies at point of sale, ATMs, social media and customized applications for merchants. Executives hope to entice consumers to put more of their spending through PayPal by offering budgeting and money-management capabilities, while enticing merchants with the PayPal Credit offering. The OneTouch payment app has also taken off as a response to the increasing number of purchases made over mobile phones. Management also discussed the rise of “contextual commerce,” the trend toward technologies predicting consumer buying habits and bringing products to the consumer rather than the consumer going out and seeking them. Repeatedly, they pointed to the sheer size of PayPal’s network, after 17 years of existence, as bringing a key advantage over competing platforms in penetrating these new markets. However, Pacific Crest analyst Josh Beck wasn’t so sure. “PayPal highlighted a dramatic shift in commerce, underscored by diverging performance at Target ( TGT ) and Amazon ( AMZN ), which creates opportunity and risk,” Beck wrote in a research note. “Whether PayPal will be able to retain its competitive moat as Apple ( AAPL ), Amazon, Stripe and Visa ( V ) focus on mobile and contextual commerce remains unclear to us.” Beck retained a sector weight rating on PayPal stock. Margins Remain A Concern Management affirmed previous financial guidance, including that profit margins will be “stable to up.” Pretax margins took a definite hit last year as the company has invested in new projects, such as the recently acquired financial-remittance company Xoom. “While we believe management did an exceptional job explaining Paypal’s differentiation (serving both consumers and merchants; expanding relevance by providing solutions from Braintree, Paydiant, PayPal, Xoom and Credit), an intensifying competitive landscape, combined with the company’s margin outlook remain our biggest concerns,” wrote Sterne Agee CRT analyst Moshe Katri in a research note affirming his neutral rating. Credit Suisse analyst Paul Condra, who holds a buy rating on the stock, emphasized the positive. “Our conviction on the stock was strengthened from (1) commentary that the credit business is not more than high single digits percent of profit (well below speculation of around 25%) and will likely not grow beyond 2% to 3% of payment volume; and (2) increased visibility on growth outlook as management expects to double payment volume in four years, implying 20% total payment volume growth through 2019,” Condra wrote. PayPal stock was down nearly 3.5% in midday trading on the stock market today , near 37.50. The stock holds a good IBD Composite Rating of 88 but its Accumulation/Distribution Rating has been deteriorating lately, to a grade of D+, indicating more institutions are selling than buying. RELATED: Apple Pay Rival MCX, Visa Loom At PayPal Analyst Day