Cybersecurity stocks climbed on the stock market today, with gains led by CyberArk Software (CYBR) and FireEye (FEYE). The bullish action follows news late Thursday that nearly every government agency has been hacked, leaving the personal data of 4 million current and former federal employees vulnerable. The latest breach shows that cybersecurity software is needed more than ever. IBD 50 stock CyberArk Software shares jumped 7% in heavy volume.
CyberArk Software (CYBR) said Friday it filed for a follow-on stock offering. The cybersecurity company filed a registration statement with the Securities and Exchange Commission for the secondary offering. The majority of the shares will be sold by current shareholders with $50 million in shares to be sold by CyberArk. The total number of shares to be sold hasn’t been decided yet. CyberArk i s an Israeli company that focuses on protecting
More often than ever, cyberattacks are compromising tens of millions of consumers’ identities, sometimes taking key data such as credit card numbers. A growing army of top-notch cybersecurity companies including Palo Alto Networks (PANW) and CyberArk Software (CYBR) are working feverishly to turn the tide. Today’s Screen Of The Day is Young Guns, top-rated companies that went public in the last 15 years, still young by corporate standards. Cheetah