The latest trading session saw CyberArk (CYBR) ending at $259.63, denoting a -0.83% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.71%. Elsewhere, the Dow lost 0.93%, while the tech-heavy Nasdaq lost 0.81%.Shares of the maker of software that detects attacks on privileged accounts witnessed a gain of 2.05% over the previous month, beating the performance of the Computer and Technology sector with its loss of 3.88% and the S&P 500's gain of 1.08%.Analys ...

Market Overview - 2024 is projected to be a record-breaking year for Wall Street stocks, driven by AI demand and strong macroeconomic conditions [1] - The S&P 500 index has risen 17% this year, reaching an all-time high after a positive jobs report [1] - Experts anticipate the economy will maintain a "Goldilocks state" with stable consumer spending and inflation [1] Walmart (WMT) - Walmart reported a 6% increase in revenue to $161.5 billion, largely due to a 21% rise in global e-commerce sales [2] - The company expects net sales growth of 3% to 4% for FY25 [2] - JP Morgan upgraded Walmart's stock rating from Neutral to Overweight, raising the price target from $66 to $81, citing strong growth potential [3] CyberArk Software (CYBR) - CyberArk Software's revenue increased by 37% year-over-year to $221.6 million, with subscription revenue growing by 69% to $156.2 million [5] - The company acquired Venafi for $1.54 billion, expected to add $150 million in annual recurring revenue [5] - Analysts maintain an Overweight rating on CYBR, confident in its growth trajectory and the benefits of the Venafi acquisition [6] Darden Restaurants (DRI) - Darden Restaurants reported an 8.6% increase in sales for fiscal year 2024, driven by the addition of new restaurants [7] - The company expects total sales to reach between $11.8 billion and $11.9 billion in the upcoming year [7] - JP Morgan and Argus Research both maintain optimistic ratings on DRI, with price targets of $175 and $186 respectively, highlighting strategic investments and brand portfolio strength [8]

In the latest market close, CyberArk (CYBR) reached $269.79, with a -1.32% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.07%. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.14%.The the stock of maker of software that detects attacks on privileged accounts has risen by 8.29% in the past month, lagging the Computer and Technology sector's gain of 8.61% and overreaching the S&P 500's gain of 4.34%.Analysts and investors alike ...

When it comes to cybersecurity issues, we’re all sitting ducks. That’s why investors should always dig into some of the top cybersecurity stocks to buy.Governments, companies, cities, hospitals, consumers, and schools are still grossly unprepared for attacks. Most recently, CDK Global, a company that provides U.S. auto dealers with software for sales management, was shut down because of new attacks.As noted by CBS News at the time: “The outage is disrupting roughly 15,000 car sellers that depend on CDK’s de ...

The latest trading session saw CyberArk (CYBR) ending at $262.79, denoting a +0.02% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.49%.The maker of software that detects attacks on privileged accounts's shares have seen an increase of 10.57% over the last month, surpassing the Computer and Technology sector's gain of 5.94% and the S&P 500's gain of 3.22%.The upco ...

Knowing which tech stocks to buy may be crucial to financial success and portfolio growth. Tech stocks are expected to drive market interest through 2024, with breakthroughs redefining industries and securing significant investor interest. Three businesses, each making a distinct contribution to the tech industry, perfectly capture this trend. Innovations in AI, cybersecurity, and identity management are not simply catchphrases; they are essential elements that are changing the face of business throughout t ...

CyberArk Software Ltd. (CYBR) stock has demonstrated decent price performance this year so far. Year to date, CYBR has gained 15.2%, outperforming the Zacks IT Services industry’s growth of 4.6%. The company’s sustained focus on expanding its customer base has turned investors optimistic about its growth prospects.Recently, Coca-Cola Hellenic Bottling Company (“Coca-Cola HBC”), a bottling partner of The Coca-Cola Company (KO) , has selected CyberArk Identity Security platform. By implementing CyberArk’s pri ...

Industry Overview - Cybersecurity stocks are considered strong long-term investments due to the increasing threat of cyber attacks, with global cybercrime damage costs projected to reach $10.5 trillion annually by 2025, up from $3 trillion in 2015 [1] - A significant portion of small to medium businesses (65%) do not perceive themselves as targets for cyberattacks, highlighting a gap in awareness [1] - The global cost of cybercrime exceeded $8 trillion last year and is expected to surpass $11 trillion by the end of 2023, with ransomware attacks being 57 times more destructive in 2021 compared to 2015 [1] Company Summaries Cloudflare (NET) - Cloudflare operates a global cloud platform offering network services, with around 30% of the 10,000 most popular websites utilizing its services [2] - For 2024, Cloudflare forecasts revenue between $1.648 billion and $1.652 billion, representing a year-over-year growth of 22-24% [3] - The company has a quarterly revenue growth of 30.5% year-over-year, with an analyst target price of $90.33 [3] Fortinet (FTNT) - Fortinet has a market cap of approximately $54 billion and is expected to grow revenue by about 12.85% and EPS by 11.11% in 2024 [4] - Projected revenue for Q1 2024 is between $1.30 billion and $1.36 billion, with billings expected between $1.39 billion and $1.45 billion [4] - Fortinet's quarterly earnings growth year-over-year is 25.8%, with a trailing P/E ratio of 38.8 [5] Zscaler (ZS) - Zscaler serves many Fortune 500 and Fortune 1000 companies, with a strong quarterly revenue growth of 32.1% year-over-year [6][7] - The average target price for Zscaler is $236.14, indicating significant upside potential [7] Rapid7 (RPD) - Rapid7 specializes in vulnerability management and reported a quarterly revenue growth of 12% year-over-year [8] - The company has a positive operating margin of 5.06% and an EBITDA of $52.858 million [8] - Current market valuation suggests that negative sentiment may already be reflected in the stock price, presenting a potential buying opportunity [8] Tenable (TENB) - Tenable is known for its Nessus vulnerability scanner and reported a quarterly revenue growth of 14.4% year-over-year [9][10] - The company exceeded analysts' expectations with earnings per share of $0.25 and revenue of $215.96 million for the quarter [10] CyberArk (CYBR) - CyberArk specializes in identity security, reporting a 406% increase in EPS and a 32% year-over-year revenue growth in Q4 [11] - The company has a market capitalization of over $10 billion, with 30 out of 31 analysts rating the stock as a "Buy" or "Strong Buy" [11] Varonis Systems (VRNS) - Varonis focuses on data security and reported a 6.2% year-over-year revenue growth [12] - The company expects to achieve an ARR between $617 million and $625 million for 2024, reflecting a 14% to 15% year-over-year growth [12]

Cybersecurity stocks to buy benefit from an incredibly cynical narrative: when bad things happen in the digital realm, the bullish case for the aforementioned sector rises.Given this correlation, it’s easy to see why some folks have a conspiratorial view of the cybersecurity ecosystem. Not only that, the underlying narrative isn’t accretive or productive. In other words, the expenditures in protection against digital breaches don’t forward the underlying business. Rather, they allow the business to stay in ...

CyberArk (CYBR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this maker of software that detects attacks on privileged accounts have returned +2.4%, compared to the Zacks S&P 500 composite's +7.3% change. During this period, the Zacks Computers - IT Services industry, which CyberArk falls in, has gained 9.8%. The key question now is: What could be the ...