CyberArk Software shares are making a big move on the stock market today as the Security-Software industry group rallies. Late Monday, group peer Fortinet (FTNT) posted its biggest quarterly billings growth since its IPO in 2009. Fortinet has an IBD Composite Rating of 84 out of 99, and it gapped up to a new high on Tuesday. CyberArk (CYBR) has a 99 Composite Rating. It also gapped up on Tuesday, clearing a 63.08 buy point from a cup-with-handle
Palo Alto Networks (PANW) and FireEye topped the list of security stocks in a survey of resellers and distributors across the U.S. and Europe. Other security companies that did well in a survey of more than three dozen distributors included Barracuda Networks (CUDA) and CyberArk Software (CYBR), Piper Jaffray analyst Andrew Nowinski said in a research report Monday. “We noted the strongest results from Palo Alto Networks and FireEye (FEYE), with
CyberArk Software (CYBR) made a powerful move on the stock market today: it’s gaining steam after rebounding off of a key area. Industry group peers Palo Alto Networks (PANW) and Qualys (QLYS) have also found support at that level and are trading near highs. Watch this video to learn about a secondary buy zone that CyberArk shares recently provided. Follow Alissa Williams on Twitter: @IBD_AWilliams. RELATED: CEO Sees CyberArk As Refuge In Sea Of