Check Point Software Technologies’ (CHKP) rumored interest in CyberArk Software (CYBR) could be the “tip of the iceberg” for cybersecurity M&A activity in 2016, FBR analyst Daniel Ives said Wednesday. CyberArk shares spiked 25% intraday on the stock market today, hitting a two-month high on news that Check Point may be in talks to acquire it. Shares closed 2015 up 14% for the year, but they are down 50% from the stock’s all-time high at 76.35,
Target (TGT) is $10 million poorer after settling a class-action lawsuit that stemmed from a December 2013 data breach exposing 110 million customers to digital looters, but its cautionary tale might not be resonating in boardrooms, a CyberArk Software (CYBR) survey found. Of 304 IT professionals surveyed, 60% said they believe their company’s security could be breached, and 36% say their CEOs aren’t regularly briefed on cybersecurity. It’s a
There’s $14 billion up for grabs in fiscal 2016 cybersecurity spending by the sector’s biggest customer — the federal government — and Palo Alto Networks (PANW), FireEye (FEYE), Fortinet (FTNT) and CyberArk Software (CYBR) are vying for their respective chunks of cash. But some are doing better than others. FireEye stock plunged to a record low 21.75 on Nov. 5 after reporting Q3 sales that missed Wall Street views and guiding below consensus