Tech companies based in Israel received a record amount of funding in Q2, with the sector buoyed by some top-performing IPOs such as Mobileye (MBLY) and CyberArk Software (CYBR). Israeli startups received $1.12 billion in funding in Q2, topping the former record of $1.11 billion in Q4 2014. The funding was up 12% from Q1 and 20% more than Q2 2014, according to a report from IVC Research Center and KPMG. The funding went to 179 Israeli tech
Cybersecurity software firm Fortinet (FTNT) beat second-quarter earnings and sales estimates late Wednesday, and shares are surging in the stock market today. The beat is also lifting its cybersecurity peers: Palo Alto Networks (PANW), CyberArk Software (CYBR), Vasco Data Security (VDSI) and FireEye (FEYE). Fortinet gapped up 11.7% in huge volume to a new all-time high. Shares have gained 55% so far this year, finding support along the 50-day
Hot young companies like CyberArk Software (CYBR) and Palo Alto Networks (PANW) usually grow profits and sales at a faster pace than older, more established companies. Today’s Screen Of The Day is Young Guns, stocks of top-rated companies that have gone public within the past 15 years. The list includes five companies with a strong cloud focus — ones that provide software and services via the Internet. CyberArk Software CyberArk, which launched