CyberArk Software (CYBR) plans to announce its Q2 results on August 7. Analysts expect CYBR to post revenues of $97.29 million with adjusted EPS of $0.47.
Wall Street expects CyberArk’s (CYBR) revenue to rise from $343 million in 2018 to $418 million in 2019, $419 million in 2020, and $594 million in 2021, implying compound annual growth of 14.8% in the next three years.
Symantec expects to save $115.0 million annually by shrinking its workforce. It expects the benefit of the workforce reduction to be felt in fiscal 2019.
Revenues for Juniper Networks (JNPR) from the Americas region rose 7% YoY to $628 million and fell 17% QoQ. The YoY growth was driven by cloud and cable providers.
Cisco is now one of the leading players in the cybersecurity market, having built up over 5,000 employees in this segment through various acquisitions.
Gartner expects the global cybersecurity market to be worth $170 billion by 2020—compared to $75.4 billion in 2015. This generates hope for the cybersecurity space.
CyberArk reported revenues and non-GAAP (generally accepted accounting principles) EPS (earnings per share) of $51.5 million and $0.39, respectively, in fiscal 4Q15.
In the trailing 12 months, HACK’s net fund inflows were $971.4 million. Fund flows in the trailing five days and trailing three months were -$17.8 million and -$144.1 million, respectively.
Cyber threats are increasing because of the BYOD movement. Gartner expects the cybersecurity market to grow from $77 billion in 2015 to $106 billion in 2019.
Overview of HACK The Purefunds ISE Cyber Security ETF (HACK) tracks a market-cap weighted portfolio of U.S. cyber security companies. This ETF tracks the performance of 34 publicly listed companies in the US cyber security sector. The market capitalization of the HACK is $1.08 billion with an expense ratio of 0.75% and average daily volume […]
Check Point has a current ratio of 1.8x lower than the industry median of 2.x, whereas its quick ratio is also 1.8x, lower than the industry median of 1.9x.
On November 24, Computer Sciences (CSC) confirmed that it had entered into a binding “scheme of implementation” agreement to acquire the shares of UXC.
HACK tracks the performance of 35 publicly listed companies in the US cybersecurity sector. Its market capitalization is $1.11 billion, with an expense ratio of 0.75%.
On March 2, 2015, Proofpoint announced the acquisition of Emerging Threats, a security intelligence vendor, for $40 million in a cash and stock transaction.
Fortinet’s tepid guidance for 4Q16 caused a disappointment in the market, and FTNT shares fell steeply. This had a ripple effect on other cybersecurity companies.
The HACK ETF generated investor returns of 3.7% since inception, and -1.4% in the trailing-one-month period. In comparison, it generated returns of -0.57% YTD.
Since HACK’s inception in November 2014, net fund inflows have been $1.3 billion. Its fund flows in the trailing five days and trailing three months were -$5.3 million and $22.1 million, respectively.
The PureFunds ISE Cyber Security ETF (HACK) closed at $26.72 with a return of -2.30% on Wednesday, September 22, 2015. The technology sector overall saw a drastic fall that day.
In 2014, IBM acquired CrossIdeas, a company that creates software and manages access to data and applications. IBM is competing with FireEye to acquire CyberArk Software (CYBR).
CyberArk has generated returns of 56.1% in the TMM and -21.92% in the trailing one-month period. It is trading at a discount of 39.16% to its median target.
CyberArk reported $283.8 million in cash and cash equivalents and short-term deposits, including the $52.7 million from its public offering in June 2015.
CyberArk offers information security in financial services, energy, retail, and healthcare segments. Its 2Q15 revenues increased 70% YoY, to $36.4 million.
FireEye’s 14-day MACD is 0.25, which shows an upward trading trend since the figure is positive. Its 14-day RSI is 37.80, which shows the stock is slightly oversold.
FireEye (FEYE) announced its 2Q15 earnings on July 30, 2015. It reported revenues of $147.2 million, an increase of 55.7% YoY, a GAAP loss of $133.6 million, and EPS of -$0.87.
IBM is competing with FireEye to acquire CyberArk (CYBR), a company that has shown strong year-over-year growth in revenues, to expand its position in the privileged access management segment.
Recent cybersecurity breaches has fanned paranoia and veered companies towards increased security spending—a major tailwind for US cybersecurity stocks.
In the last year, technology ETFs, such as the iShares US Technology ETF (IYW) and the Technology Select Sector SPDR (XLK), have increased shareholder value considerably.
XLK and HACK are two ETFs that provide exposure in the technology space, although their portfolios consist of firms in different segments of the IT sector.
The ISE Cyber Security ETF (HACK) has been giving investors substantial return on investments. This ETF tracks the companies involved in the cyber security space.
