Buy Cyberark - on rising cybercrime during covid
Cybersecurity firm Fortinet rose 20% to record high yesterday after Q1, due to home office tailwind.
- Another stock in the space is Cyberark (CYBR), and is still 40% off the highs.
- Leader in protecting privileged account (admin acc) that holds key to all companies sensitive data, and is the target of most cyber attacks.
- No direct link to home office, but cybercrime has increased drastically since covid
- 2019 was record year, but they gave weak guidance.. which already tempered 2020 expectation (EPS estimated down24%)
- Q1 release is on May 13th..an upside surprise could lead significant re-rating of the stock
- Technically broke out of double bottom, target 120, then 140, stop at 94.90
- Another stock in the space is Cyberark (CYBR), and is still 40% off the highs.
- Leader in protecting privileged account (admin acc) that holds key to all companies sensitive data, and is the target of most cyber attacks.
- No direct link to home office, but cybercrime has increased drastically since covid
- 2019 was record year, but they gave weak guidance.. which already tempered 2020 expectation (EPS estimated down24%)
- Q1 release is on May 13th..an upside surprise could lead significant re-rating of the stock
- Technically broke out of double bottom, target 120, then 140, stop at 94.90
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.