ETFMG Prime Cyber Security ETF
HACK Versus CIBR: Choosing a Cybersecurity ETF
HACK and IHAK: Choosing the Better Cybersecurity ETF
Fortinet Stock Fell Close to 6% on May 23
Cybersecurity company Fortinet (FTNT) fell 5.8% on May 23 to close trading at $77.49.
How Palo Alto Networks Stock Has Performed
Palo Alto Networks’ investors have had a stellar run over the past few years.
What Will Affect Proofpoint Shares Going Forward?
Proofpoint stock fell 7.5% in after-hours trading on April 25, 2019, despite the company’s beating Wall Street earnings and revenue estimates.
Proofpoint Stock Fell despite Earnings Beat
Cybersecurity (HACK) company Proofpoint (PFPT) fell over 5% on April 26 to close trading at $124.55.
Exploring Analysts’ Q1 Revenue, Earnings Estimates for Proofpoint
High-growth cybersecurity company Proofpoint (PFPT) is scheduled to announce its first-quarter earnings results on April 25.
Why Is Symantec Trading at a Premium to Analyst Estimates?
Cybersecurity (HACK) leader Symantec (SYMC) has generated returns of -12.4% in the last 12 months.
Why Is Check Point Trading at a Premium to Analyst Estimates?
Cybersecurity (HACK) leader Check Point (CHKP) has generated returns of 26% in the last 12 months.
A Look at Palo Alto Networks’ Stock Returns and Valuation
Cybersecurity stocks have generated impressive returns over the last few years.
Is Fortinet Stock Overvalued after Generating Huge Returns?
Cybersecurity (HACK) stock Fortinet (FTNT) has generated returns of 68% in the last 12 months.
BlackBerry Continued to Slide Yesterday
In this series, we’ll look at yesterday’s sell-off in the technology sector, which was driven by escalating US trade disputes.
What Affected Symantec Stock in May?
Shares of cybersecurity (HACK) company Symantec (SYMC) fell 25% in May and closed at $20.78.
Could FireEye Stock Surge in May 2018?
FireEye (FEYE) is scheduled to announce its 1Q18 earnings on May 2. Analysts expect FireEye’s revenues to reach $194.0 million.
Why FireEye Stock Rose Last Week
Shares of cybersecurity (HACK) company FireEye (FEYE) rose 8% in the week that ended on April 13, 2018, to close at $18.71.
Why 2017 Turned out So Well for FireEye Stock
FireEye launched Helix in early 2017, which spurred upgrades from several industry analysts and research firms.
Gauging FireEye’s Value Proposition in the Cybersecurity Space
Most companies in the cybersecurity space are relatively new, and so most of them don’t pay dividends—FireEye, Palo Alto Networks, and Fortinet included.
FireEye on the Street: What the Analysts Recommend
Analysts’ views of FireEye Stock As we’ve already discussed in this series, Equifax (EFX) reached out to FireEye’s (FEYE) Mandiant incident response team to help look into its recent data breach, and EFX stock has fallen considerably since the announcement of the breach, while FireEye has received a lot of fresh attention. Of the 29 analyst […]
FireEye’s Technical Indicators and What They Could Mean
FireEye’s RSI FireEye’s (FEYE) 14-day RSI (relative strength index) level is 45, indicating that the company’s stock is neither overbought nor oversold. RSI is one of the most widely used technical indicators, measuring the recent performance of a stock with respect to its price history. An RSI figure of more than 70 indicates that the […]
FireEye Is Trading above Analysts’ Median Price Target
FireEye stock rises 8.3% Cybersecurity (HACK) company FireEye (FEYE) rose over 8% last week, to close at $17.34. The stock is now trading 67% above its 52-week low of $10.35, and it touched an all-time high of $17.34 on September 15. The stock has risen 23% in the last 12 months and almost 25% in […]
Behind HACK’s Investment Strategy
HACK follows a replication strategy, which is an indexing strategy that involves investing in securities in the same proportions as the index.
HACK: The World’s First Cybersecurity ETF
The ETFMG Prime Cyber Security ETF (HACK) is an ETF (exchange-traded fund) that tracks the price and yield performance of the Prime Cyber Defense Index.
Cisco Acquires Observable Networks to Expand Its Cloud Security
Cisco Systems launched its IoT (Internet of Things) threat defense solution, which utilizes scalable security architecture.
Why Palo Alto Networks Stock Rose in June 2017
The stock for cybersecurity (HACK) firm Palo Alto Networks (PANW) rose 14.0% in June 2017 to close at $133.81.
Petya’s Role in the Recent Cybersecurity Stock Surge
Several prominent cybersecurity stocks rose on Wednesday, June 28, following the Petya ransomware attack.
What Drove FireEye Stock in May 2017?
FireEye reported revenues of $173.7 million in 1Q17 with earnings per share of -$0.09, above the company’s guidance of $160 million–$166 million.
What Analysts Are Recommending for Cisco Stock
In the past month, CSCO stock has fallen ~7.5%. However, in the last year, the stock has risen ~8.9%.
Why Cybersecurity ETF HACK Hit Its Year-to-Date High
The PureFunds ISE Cyber Security ETF (HACK) rose 3.3% on May 15, 2017, due to the WannaCry ransomware attack.
How FireEye’s Valuation Stacks Up against Its Peers
Cisco Systems (CSCO) recently announced the acquisition of Viptela, a cloud-based networking startup, for $610 million.
Why Shares of FireEye Just Jumped
FireEye stock rose ~8% on March 20, 2017, to close at $11.61, after Bank of America analyst Tal Liani upgraded the stock from “neutral” to “buy.”
FireEye’s Recommendations: What Are the Analysts Saying?
Of the 31 analyst recommendations for FireEye, there are only two “sell” recommendations on the stock. About 60% of analysts have recommended a “hold.”
What Are Analysts Recommending for FireEye Stock?
Of the 30 analyst recommendations for FireEye (FEYE) stock, there are two “sell” recommendations. More than 60% of these analysts recommended a “hold” and the remainder were “buy” recommendations.
FireEye’s 3Q16 Cash Flow Presents a Source of Concern
In fiscal 4Q16, FireEye (FEYE) expects its revenues to range from $187 million–$193 million and its billings to range from $230 million–$250 million.
Would New Offerings Provide FireEye with a Much-Needed Push?
FireEye’s (FEYE) focus on the SaaS space generates hope among its investors, as SaaS is expected to be the fastest-growing segment in the cloud space.
How Do Analysts View F5 Networks?
Of the 35 analysts covering F5 Networks, nine have issued “buys” on the stock, two have issued “sells” on the stock, and 24 have issued “holds” on the stock.
F5 Networks’ Revenue Rises despite Challenging Macro Environment
Last week, F5 Networks (FFIV) announced its fiscal 2Q16 results and reported revenue of $483.7 million, a rise of 2% YoY.
Shift to Cloud Gives Juniper Infrastructure Opportunity
The cloud has required new network infrastructure build and upgrades. Juniper aims to help companies in their transition to cloud architectures.
How Could Palo Alto Networks Have Future Revenue Growth?
In its 2Q15 report, IDC stated that Palo Alto Networks has grown its revenues faster than the overall market since entering the top five players in the global security appliance market in 2013.
Healthy Growth, but Palo Alto Networks Struggles to Post Profit
Increasing operating expenses, especially sales and marketing expenses as a percentage of revenue, have impacted Palo alto Networks’ margins and consequently profitability.
Palo Alto Networks Had Record Billings Growth in Fiscal 2Q16
Palo Alto Networks’ (PANW) fiscal 2Q16 billings of $459 million exceeded consensus expectation of $417 million. It was its highest billings growth for the last 11 consecutive quarters.
How Did Palo Alto Networks Beat Estimates after Posting Loss?
On February 26, 2016, Palo Alto Networks posted fiscal 2Q16 revenues earlier than scheduled. Non-GAAP EPS of $334.7 million and $0.40, respectively, beat analyst expectations.
What Is Driving Splunk’s Double-Digit Revenue Growth?
Splunk’s double-digit revenue growth continued in fiscal 4Q16.
Do Fortinet’s Cash Flows Support Its Share Buyback Policy?
In 2015, Fortinet’s cash reserves and short-term investments stood at $1.2 billion. It saw OCF and FCF of $282.5 million and $245.2 million, respectively.
Earnings Remain a Concern for Fortinet after 4Q15
Fortinet reported revenues of $296.5 million and non-GAAP EPS of $0.18 in 4Q15, marginally beating expectations for revenue and landing in line with EPS.
What Helped Fortinet’s Billings Post Double-Digit Growth in 2015?
Apart from revenues and EPS, industry analysts keep a watchful eye on billings growth in the cybersecurity space.
What’s Causing Fortinet’s Stock to Experience Such Volatility?
In early February 2016, Fortinet’s stock and that of its peers showed volatility, falling on February 5 with Palo Alto, FireEye, CyberArk, and Proofpoint.
Why the Cybersecurity Space Could See Consolidation in 2016
According to Steve Morgan, Cybersecurity Ventures CEO, 2016 will see increased mergers and acquisitions (or M&A) in the cybersecurity space.
HACK Sees Large Fund Inflows in Trailing 12-Month Period
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.
What Trends Are Impacting Cisco Systems?
Companies are increasing network security to help manage and support devices and reduce the threat of cyberattacks. This presents Cisco Systems with opportunities in the network security segment.
Cisco Wants to Offer Complete Networking Solutions to Customers
Cisco Systems (CSCO) wants to enhance its network security features and convince customers to use the company’s proprietary products instead of open architecture network solutions.
HACK Sees $1.17 Billion in Fund Inflows in Trailing Twelve Month Period
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 […]
How Do R&D Expenses Compare for Cisco, Juniper, and Palo Alto?
In 3Q15, Palo Alto’s (PANW) research and development (or R&D) expenses increased to $60 million from $37 million in 3Q14 and $20 million in 3Q13.
HACK Saw $1.24 Billion in Fund Inflows since Its Inception
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%.
How Palo Alto Has a Technological Edge over Its Peers
Palo Alto’s focus is on “unknown unknowns,” unlike the traditional approach of “known knowns”.
Why Palo Alto Networks Threatens Cisco and Other Major Players
Palo Alto acquired Cyvera, a cyber security company, in 2014. It entered the endpoint protection market with TRAPS.
Why Palo Alto Networks Could Be the Next Big Thing
Jayson Noland, an analyst with Baird, believes Palo Alto’s integrated and automated platform is “a key differentiator” compared to its peers.
Cybersecurity Jobs to Increase 53% by 2018
According to the US Bureau of Labor Statistics, more than 0.21 million cybersecurity positions are unfilled in the United States.
Cybersecurity to Grow by 121% in the Next Five Years
Cybersecurity is growing at a fast pace. The industry is expected to grow from $77 billion in 2015 to $170 billion in 2020.
Cisco and Skyhigh Collaboration to Deliver Comprehensive Solution
Cisco Systems (CSCO) has announced its collaboration with Skyhigh Networks, a cloud security company that delivers security solutions.
FireEye’s 3Q15 Results Show Slow Growth
FireEye’s $165.6 million in revenues failed to meet analyst expectations by $1.5 million in 3Q15.
A Fundamental Analysis of Qualys and Its Peers in 3Q15
Qualys’s price-to-book ratio is 7.1, indicating that investors have high expectations for the company’s growth.
Check Point Software Added Mobile Security Products in 3Q15
Cybersecurity provider Check Point Software (CHKP) announced its 3Q15 earnings on October 26. CHKP reported $403.9 million in revenues, an increase of 9.0% over 3Q14.
SMAC and BYOD Are Fueling Growth in Cybersecurity Space
SMAC and BYOD, as well as an increase in the mobile workforce, are pushing technology companies to partner and expand in cybersecurity space.
Unlike IT Spending, Cybersecurity Spending Is All Set to Grow
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.
Fortinet Posts Record Billings and Revenue Growth in 3Q15
On October 22, 2015, Fortinet (FTNT) announced its 3Q15 earnings results. Its revenue of $260.7 million grew 34.5% YoY, the highest revenue growth rate in the past three years.
HACK Sees $1.3 Billion in Fund Inflows Since Inception
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.
CyberArk’s Stock Price Is Quoted above Its Benchmark
CyberArk has generated returns of 86.3% for the trailing-12-month period and 10.6% in the trailing-one-month period.
VASCO Data Security to Acquire Silanis Technology
VASCO Data Security (VDSI), a provider of strong authentication, e-signature, and identity management, accounced it will acquire the private firm Silanis Technology. Silanis is expected to generate $16 million in revenue for the year ending 2015.
Capgemini and Fortinet—Cybersecurity Service in Enterprise Market
On October 1, 2015, Capgemini, a leading provider of consulting, technology, and outsourcing services, announced its partnership with Fortinet (FTNT), a provider of cybersecurity solutions.
ISE Cyber Security ETF (HACK) Performed below Technology ETFs
From September 29 to October 6, 2015, the technology sector remained at a high. HACK closed at $25.97, falling 1.18% on Tuesday, October 6, 2015, although it rose 3.10% for the week.
HACK’s Late September 2015 Holdings and Performance
On Tuesday, September 29, 2015, HACK closed at $25.19 with a negative return of -1.10%, generating a loss of 5.73% for the week.
All Eyes on Intronis: Inside Barracuda Networks’ Acquisition Announcement All Eyes on Intronis
Barracuda Networks announced that its intentions to acquire Intronis, a leading provider of data protection solutions to MSPs.
Barracuda Networks: New Plans to Boost Its Revenue
Barracuda Networks reported net revenue of $78.371 in 2Q16—a rise of 0.50% compared to net revenue of $77.974 million in 1Q16.
HACK Sees $1.275 Billion in Fund Inflows since Inception
HACK tracks the performance of 32 publicly listed companies in the US cybersecurity sector. Its market capitalization is $1.10 billion with an expense ratio of 0.75%.
HACK Sees $1.280 Billion in Fund Inflows since Its Inception
The Purefunds ISE Cyber Security ETF (HACK) tracks a market cap–weighted portfolio of US cyber security companies. HACK’s average daily volume of shares traded is $24.21 million.
Organizations Are Facing Issues with Mobile Device Management
There is a thin line between mobile device management (or MDM) and vulnerability management (or VM).
Internet Software and Service Sector Outperforms HACK
The PureFunds ISE Cyber Security ETF (HACK) closed at $27.35 with a return of 0.18% on September 21, 2015.
Web Application Vulnerability Gives Target to Hackavist
As evidence of increased web application vulnerability, Trustwave App Scanner has found 17,748 flaws and discovered that 98% of applications have an exposure through at least one or more flaws, which could give easy access to cybercrime.
Cybersecurity Sector Performance Remained Below Average
The System Software segment of the PureFunds ISE Cyber Security ETF (HACK), which constitutes around 33% of the ETF’s total holdings, generated a profit of 2.24% for the week ending September 19.
DDoS Attacks in the World of Cybersecurity
DDoS attacks are usually aimed at either disrupting the vulnerability of software applications, or at flooding traffic in order to exploit server resources.
Fortinet and Splunk to Form Technical Alliance Against Cyber Threats
Fortinet recently announced its technical alliance with Splunk, which should significantly help service providers fight cyber attacks.
Juniper Collaboration with Aerohive: New Wi-Fi Solutions
Juniper and Aerohive Networks have decided to collaborate to deliver a cloud-managed, wired and wireless solution for distribution among various sectors.
ISE Cyber Security Index Beats S&P 500 Index
Since December 2015, the ISE Cyber Security Index (HACK) has beaten the S&P 500 Index (SPX) by 10.54 percentage points. Cybersecurity stock is expected to grow rapidly.
Science Applications Declares a Share Buyback Program
Science Applications International (SAIC) declared a quarterly dividend of $0.31 per share and approved the repurchase of up to 3.5 million shares.
Radware Generates -8.98% in Trailing One-Month Period
Radware (RDWR) generated investor returns of -3.20% in the trailing 12-month period and -8.98% in the trailing one-month period. In comparison, it generated 22.47% in 2014 and -18.55% YTD.
Can Palo Alto Networks Triple Market Share by 2024?
Palo Alto Networks’ (PANW) Communications Equipment subsector is expected to grow market share from 7% in 2015 to 24% in 2024, according to Sterling Auty, Wall Street analyst at J.P. Morgan.
Palo Alto Networks Sees 39.70% Revenue Growth per Share
Palo Alto Networks’ (PANW) revenue growth per share in the last 12 months has been 39.70%. Book value growth and free cash flow growth stand at 53.80% and 39.60%, respectively.
Cisco Dominates Communications Equipment Space in HACK
In this series, we’ll compare the performance of companies in the communications equipment subsector such as Cisco Systems, Juniper Networks, Palo Alto Networks, and Radware, which are part of HACK.
F-Secure’s Survey on Business Vulnerability
F-Secure reported that 70% of businesses have outdated software and leave themselves open to cyber threats.
Application Software and Consulting Service Sector Is Falling
Application software is the worst performing sector. It generated a return of -4.75%. Within the sector, Gemalto (GTO) generated returns of -13.65%.
Infoblox Beat Expectations in 4Q15
Infoblox (BLOX) is a leader in automated network control and provides technology to clients to control their networks.
Nexgate and Hootsuite See 300% Growth in Joint Customers
On June 4, Proofpoint announced that Nexgate and Hootsuite have gained solid momentum in the last year. The companies saw 300% growth in joint customers for social media engagement and security.
Fortinet Generates 85.51% in Trailing 12-Month Returns
Fortinet is currently trading at a PE ratio of 550.76x. The ratio has increased at a rapid pace, from 25.89x in October 2010 to 550.76x on July 29, 2015.
Imperva’s 2Q15 Revenues Increase Year-over-Year
Imperva’s quarterly revenues have been increasing steadily. The company’s 1Q13 revenues were $28.6 million, increasing to $44.8 million in 1Q15.
Internal Security Drives Imperva Growth
In the last 18 months, Imperva has won 39 contracts over IBM. These were spurred by an increase in global high-profile hack cases, forcing companies to invest heavily in better cyber security.
CyberSecurity Stocks Rise: Exceed S&P 500 and the Tech Sector
Recent cybersecurity breaches has fanned paranoia and veered companies towards increased security spending—a major tailwind for US cybersecurity stocks.
How KEYW Holds Up against Exelis on the Markets
KEYW seems to be technically stronger than Exelis, although XLS has generated better long-term returns for its shareholders.
KEYW Holding in Review: 5 Years of Revenue Growth
KEYW Corporation delivers cybersecurity and geospatial intelligence solutions to US government and commercial customers.
Vasco Data Security International’s Forward PE Compared with XLK
Some firms in HACK, like Vasco Data Security International, can be compared from a valuation point of view with large cap stocks in XLK.
Analyzing HACK’s Top 5 Stocks
The top five stocks in HACK include Imperva (IMPV), Guidance Software (GUID), Palo Alto Networks (PANW), FireEye (FEYE), and Zix (ZIXI).