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.
IBD’s Computer Software-Security industry group is ranked No. 7 out of the 197 groups that IBD tracks. Today’s Screen of the Day features one stock in the group: Accelerating Mutual Fund Ownership. It’s Vasco Data Security (VDSI). Its high Accumulation/Distribution Rating can be attributed, in part, to its strong industry group, with top-rated CyberArk Software (CYBR) and Palo Alto Networks (PANW) as peers. Watch this video to find out more about
Vasco Data Security International (VDSI) was overly conservative with its 2015 revenue forecast early Tuesday and will likely raise it later, says an analyst in hiking his price target on Vasco stock. Joe Maxa, an analyst for Dougherty & Co., raised his price target on the security products company to 35 from 30 and maintained a buy rating on Vasco stock. Vasco early Tuesday posted Q4 earnings that beat, but executive comments indicated a possible