Leadership UncertaintyThe company is actively searching for its next permanent CEO, which adds uncertainty to leadership stability.
Market ReactionShares are likely down on profit-taking, some U.S. federal deals getting pushed to the right, and the 2025 margin guidance that implies modest contraction.
Political ImpactModest Political Headwinds – Cellebrite gave a healthy guide for Q1'25, but it would have been higher had the business not been impacted by regime change in certain countries.