This month’s list New Purchases of the Best Mutual Funds reveals that savvy investors want to invest in cybersecurity stocks. Crowd strike (CRWD), Palo Alto Networks (PANW) And CyberArk Software (CYBR) have all made this screen. And now Crowd strike, Palo Alto And CyberArk Actions are the spearhead of a new escape squad.
↑
X
Monthly Market Report with Jim Roppel and Alissa Coram: June 2024
CyberArk Leads Top-Rated Cybersecurity Stocks
The ubiquitous presence of cloud-based networks and the ever-growing tsunami of artificial intelligence are creating security risks for businesses large and small—and a demand for cutting-edge solutions. cybersecurity actions.
With the highest possible 99 Composite noteCyberArk beats CrowdStrike and Palo Alto Networks for top spot in cybersecurity group. Digital generation (GEN), which also made the latest list of best mutual funds for new buys, ranks just behind its peers with a still-solid score of 96.
Additionally, each of these four cybersecurity leaders earns a B- or higher grade. Accumulation/distribution rateindicating solid buying by institutional investors over the past 13 weeks.
In another sign of growing demand, CyberArk outperforms its peers with a solid 2.1 high/low volume ratioFor this metric, anything above 1.0 indicates demand.
Palo Alto Networks and Gen Digital both have an up/down volume ratio of 1.5. CrowdStrike is below 1.0 at 0.8.
| Business | Symbol | Compensation assessment | EPS rating | RS rating | SMR rating | A/D Rating |
|---|---|---|---|---|---|---|
| CyberArk Software | (CYBR) | 99 | 82 | 94 | B | B |
| Crowd strike | (CRWD) | 98 | 99 | 98 | A | B |
| Palo Alto Networks | (PANW) | 98 | 97 | 92 | A | B- |
| Digital generation | (GEN) | 96 | 92 | 89 | A | B |
CyberArk Moves “Fearlessly” — With a Human Touch
Based in Israel, CyberArk focuses on identity security. The company focuses on privileged access accounts.
These accounts have access to administrative tasks and other highly sensitive areas within an organization. CyberArk claims to provide the most comprehensive security offering for any identity (human or machine) across business applications, distributed workforces, and hybrid cloud environments.
Companies ranging from network giant Cisco Systems (CSCO) to the video game creator Capcom Use CyberArk to protect your critical assets.
Meanwhile, last month, CyberArk released a series of videos called “Move forward without fear.” The series focuses on the people behind cybersecurity and the human connections forged to secure organizations in a cloud-based, always-connected world where potential identity-based breaches are a constant threat. The first episode features health insurer Aflac (The AFL), a CyberArk customer since 2014.
Profit growth expected at 1,223%
CyberArk’s revenue growth has ranged from 24% to 37% over the past five quarters. On May 2, the company reported a third consecutive quarter of accelerated sales growth, to $221.6 million, up 37% from the prior-year quarter.
On the earnings front, the cybersecurity company has seen a sharp turnaround in recent quarters. After a decline in earnings in 2022, CyberArk has seen a 355% increase in earnings to $1.12 per share in 2023.
For the full year, analysts expect an 81% gain to $2.03 per share, followed by a 61% increase to $3.26 per share in 2025.
In the first quarter of 2024, the company posted a profit of 75 cents per share, compared to a loss in the prior-year quarter. With second-quarter results due in early August, Wall Street is predicting a whopping 1,223% rise to 40 cents per share.
Two magnificent Seven Stocks fight for two crowns. One of them takes both.
CYBR Stock Nears All-Time High
CyberArk formed a second stage consolidation posting a 283 buy points. In a sign of growing technical strength, the two 50-day moving average and the relative strength line have started to have an upward trend. In addition, the 21-day exponential moving average crossed the 50-day line again.
A to burst would push CyberArk stock to a record high.
Meanwhile, CrowdStrike stock formed a tight week streak after breaking through a 358.84 buy point in a cup with handle in June. This narrow zone could provide an opportunity for investors to add shares.
Palo Alto Networks continues to rebuild after a sharp drop below its 10-week line in February. But after a string of rising weeks, Palo Alto shares have solidly climbed back above that reference line, which has turned higher. The relative strength line has also recovered.
Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.
YOU MAY ALSO LIKE:
Microsoft Leads, Palantir and CrowdStrike Join List of New Purchases by Major Funds
Google, Palantir and Netflix are the spearheads of this escape brigade
Stock Picks: Google, Nvidia Reveal 7 Telling Features to Watch
Generate New Stock Ideas with IBD Stock Screener
Identify bases and buy points with this pattern recognition tool
