Proofpoint Inc

Cybersecurity firm Proofpoint (PFPT) is expected to announce its second-quarter earnings on July 25.

Will cybersecurity stocks continue to rise, or will they experience a correction driven by fears of a tech slowdown?

Proofpoint (PFPT) has fallen 13.3% since the start of May 2019.

Proofpoint stock (PFPT) has gained less than 2% since the start of April 2019 and is down 1.2% this month.

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 (PFPT) managed to increase its sales 25% YoY (year-over-year) in the first quarter of 2019.

Proofpoint (PFPT) announced its first-quarter earnings results on April 25 and reported sales growth of 25% YoY (year-over-year) in the period.

Cybersecurity (HACK) company Proofpoint (PFPT) fell over 5% on April 26 to close trading at $124.55.

Fortinet (FTNT) is expected to grow sales by double-digit rates over the next few years.

Fortinet (FTNT) has managed to improve profitability over the years with sales growth.

Analysts expect Fortinet’s sales to rise 16% in fiscal 2019 to $2.09 billion, 13.2% in 2020 to $2.37 billion, and 11% to $2.62 billion in 2021.

FireEye (FEYE) is not yet GAAP-profitable. Though the company has managed to improve its net margin from -104% in 2014 to -29.3% in 2018, it’s likely to improve to -12.5% by 2021.

Proofpoint (PFPT) stock has generated impressive returns over the last few years. The stock rose 15% in 2016 and 22% in 2017.

Analysts expect Proofpoint’s revenue to rise close to 22% year-over-year to $873.33 million in 2019 compared to $717 million in 2018.

High-growth cybersecurity company Proofpoint (PFPT) is scheduled to announce its first-quarter earnings results on April 25.

Cybersecurity (HACK) stock Fortinet (FTNT) has generated returns of 68% in the last 12 months.

FireEye (FEYE) aims to enhance its email security service with the acquisition of privately held email security company The Email Laundry, which it bought last October for ~$8.7 million.

With the Finjan Holdings (FNJN) litigation now behind it and subscription-based revenues continuing to grow, FireEye’s (FEYE) prospects in the security market may have just brightened.

In 3Q17, FireEye (FEYE) invested more than $64.2 million in R&D compared to $60.8 million in the prior quarter and $62.7 million in the year-ago quarter.

FireEye said it was able to cut its GAAP operating loss by 45% YoY and its non-GAAP (adjusted) operating loss by 82% YoY in 3Q17.

For fiscal 2Q18 (September quarter), Symantec (SYMC) reported an operating margin and adjusted net profit that rose significantly from the year-ago quarter.

Symantec (SYMC) reported fiscal 2Q18 (September quarter) revenue that rose in the double-digit percentage and topped the consensus estimate.

The Equifax hack came only a few months after Yahoo, which is now part of Verizon (VZ), disclosed a serious breach that impacted 3.0 billion user accounts.

In the wake of the wide-ranging Equifax (EFX) data breach, Symantec (SYMC) saw a sharp increase in demand for its identity-theft protection service, LifeLock.

Symantec is facing off with SecureWorks (SCWX), FireEye (FEYE), Proofpoint (PFPT), and Cisco (CSCO) in the battle for the control of the cybersecurity market.

FireEye is expecting 3Q17 (September quarter) revenue in the range of $183 million to $189 million.

Cisco said its sales in 4Q17 plunged 4.0%, extending its top-line decline to seven consecutive quarters.

Symantec (SYMC) is finding it difficult to take advantage of the expanding cybersecurity market.

Among the biggest security vendors, FireEye has faltered the most.

Cisco’s (CSCO) CEO, Chuck Robbins, discussed on the company’s fiscal 1Q17 earnings call what he thought about doing business under a Donald Trump presidency.

FireEye’s email security platform block attacks such as phishing, spear-phishing, ransomware, and malware.

Due to its diversified business model and double-digit growth in billings and revenues, Palo Alto Networks stock has had a successful run in 2015. But 2016 didn’t start out very well.

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.

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 […]

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%.

According to the US Bureau of Labor Statistics, more than 0.21 million cybersecurity positions are unfilled in the United States.

Cybersecurity is growing at a fast pace. The industry is expected to grow from $77 billion in 2015 to $170 billion in 2020.

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.

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.

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%.

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.

Juniper and Aerohive Networks have decided to collaborate to deliver a cloud-managed, wired and wireless solution for distribution among various sectors.

Science Applications International (SAIC) declared a quarterly dividend of $0.31 per share and approved the repurchase of up to 3.5 million shares.