RBC Capital Markets said BlackBerry’s sale of Cylance at a higher-than-expected takeout price removes a major overhang on the stock price.
JPMorgan noted that Okta is one of the few prominent pure-play cloud security vendors in the market.
Dan Ives expects over 30% gains for Cybersecurity stocks over the next year, thanks to accelerated cloud and AI growth and mergers and acquisitions.
With cybersecurity attacks mounting, companies are spending more money on defensive measures; these firms are among the leaders in the industry poised to gain.
The cybersecurity company expects fourth-quarter revenue to fall between $667 million and $669 million.
Retail sentiment on Stocktwits dipped to the ‘extremely bearish’ zone, hitting a year-low of 20.
Zscaler said, “Growing customer engagements and strong sales execution drove a solid Q1 with all metrics exceeding guidance.”
Cyber security companies’ near-term trends are mixed but lean toward a “more cautious” outlook, with commentaries pointing to large deal delays.
The increasing adoption of Artificial Intelligence (AI) in day-to-day activities of businesses poses great benefits to operations by increasing efficiency but at the same time making companies more vulnerable...
For investors seeking momentum, Nasdaq Cybersecurity ETF CIBR is probably on the radar. The fund just hit a 52-week high and is up 41.3% from its 52-week low price of $43.51/share.But are more gains in...