Last month, cybersecurity stocks emerged as some of the market’s top gainers. They have since faded a bit, but watch this video as we check back in with Palo Alto Networks (PANW), Vasco Data Security (VDSI) and CyberArk Software (CYBR) to see how they’re doing. Follow Alissa Williams on Twitter: @IBD_AWilliams.
CyberArk Software (CYBR) stock was down Thursday after the company announced pricing for a secondary offering of 4 million common shares, to be sold by shareholders. The Israel-based cybersecurity firm, which went public last September, announced Wednesdaythat it would price the new offering at $51 per share. It had announced the offering on Feb. 27. Underwriters of the second offering have a 30-day option to buy up to 600,000 ordinary shares at
Today’s Screen of the Day, Young Guns, features companies that have gone public within the last 15 years. One notable company is among the youngest guns in the game: CyberArk Software (CYBR). The Israel-based cybersecurity firm, which went public in September 2014, has an IBD EPS Rating of 99, which means it has outperformed 99% of all other stocks in earnings. Shares of the company closed up 0.5% to 58.02 Tuesday. After wobbling around its 50-day