A large chunk of CyberArk Software (CYBR) stock will be released for trading Monday, which could create selling volatility in the provider of cybersecurity software. About 12.3 million shares will be released from a stock lockup period on Monday, representing about 35% of the 35 million diluted shares outstanding. According to a June 10 SEC filing by CyberArk when it announced the pricing of a secondary offering of 4.9 million shares,
Companies with strong profit and sales growth are good. Ones like Fitbit (FIT) that steamrolled analyst estimates are better. Today’s Screen Of The Day is Estimate Beaters, highly rated stocks that beat earnings per share estimates by wide margins in the latest quarter. The list includes three fast-rising young technology companies: cybersecurity software developer CyberArk Software (CYBR), wearable device maker Fitbit and cloud-based human
CyberArk Software (CYBR) stock seesawed Wednesday, in a down day for the stock market overall, after posting second-quarter earnings late Tuesday that flew past Wall Street estimates. The Israel-based developer of network security software also raised guidance for Q3 and the year, as analysts gave the report positive reviews. CyberArk stock rose as much as 6% in early trading, but it was down 6%, near 55.50, in midday trading in the stock market