Shares of CyberArk Software (CYBR) plunged Monday after JPMorgan downgraded the stock. CyberArk shares are still up about 70% from Feb. 9, when the cybersecurity stock began its huge recent run. Meanwhile, industry group peer Palo Alto Networks (PANW) reversed off of a new intraday high on Monday. Vasco Data Security (VDSI) and FireEye (FEYE) also fell. Watch this video for chart analysis of these two cybersecurity stocks.
FireEye (FEYE) received several price target increases Thursday after reporting Q4 revenue and earnings that topped Wall Street expectations, and its stock jumped to a more than seven-month high. FireEye stock was up 11% in midday trading in the stock market today, near 40. Other network security stocks were up Thursday as President Obama prepares for a Cybersecurity Summit at Stanford University Friday. CyberArk Software (CYBR), which reports
Cybersecurity stock Palo Alto Networks (PANW) climbed to a new all-time high on Wednesday. The move comes one day after the U.S. government announced plans to create a new agency to coordinate cyberthreat intelligence. Industry group peer FireEye (FEYE) is set to report quarterly results after the close Wednesday. CyberArk Software (CYBR) issues earnings after the close on Thursday. Watch this video for chart analysis of Palo Alto Networks. Follow