Cyber Wars Are Good For Tech Businesses

Uploaded on 2015-08-06 in TECHNOLOGY--Developments, NEWS-Cybersecurity News, FREE TO VIEW, BUSINESS-Services-Financial

shares-of-cyberark-cybr-palo-alto-networks-inc-gain-after-house-committee-a.jpg

Cyber security shares including Palo Alto and Cyber Ark are trending higher

 

The threat of a cyber attack always seems to loom large, as entities from Target to Anthem to the US Office of Personnel Management have fallen victim to security breaches. Even a car in motion is vulnerable to getting hacked.

The OPM breach, linked to Chinese hackers, reportedly exposed the personal information of over 21 million people who had been given a government background check.

The attack was soon followed by hints that the US might build out a Cold War-style cyber deterrence strategy that would discourage data breaches from abroad — lest they risk an aggressive retaliation.

As hackers mount their offensives, the comparatively young cybersecurity industry is booming. Today's Screen of the Day, Young Guns, focuses on stocks that went public fewer than 15 years ago — in particular, cybersecurity firms CyberArk Software and Palo Alto Networks.

Israel-based CyberArk Software, which has earned the highest possible IBD Composite Rating of 99, says it protects 40% of the Fortune 100 companies and 17 of the world's top 20 banks. Shares have shot up about 275% from its IPO at 16 last September and were up 5.4% in the stock market today. After breaking out of a cup-with-handle base in mid-April, the stock bobbed in and out of buy range before breaking support at its 50-day line in early July. Analysts expect CyberArk to bring in 6 cents in per-share earnings and $32.4 million in revenue when it reports Q2.

Palo Alto Networks, which says it works with more than 80 of the Fortune 100 companies, serves about 24,000 customers across 140 countries. It counts Aruba Networks (recently acquired by HP , Citrix, Splunk and VMWare  among its strategic partners.

JPMorgan Chase initiated coverage of Palo Alto a few weeks ago at overweight with a 216 price mark. Analyst Sterling Auty believes the company has "ample upside," citing its potential to "grow revenue faster than 30% per year for more than five years in a row." The company reports Q4 results on Sept. 9. Shares were up 1.6% Wednesday.

Industry peer Qualys surged as much as 18% Tuesday after a Q2 earnings beat. Shares were rallying another 3% Wednesday. Fortinet raised its full-year guidance last month after coming out ahead of analyst forecasts, prompting a number of analysts to raise their price targets. Shares were up 2.4%.

Ein News:http://http://bit.ly/1Nc6Olc

 

« MH370 may have been deliberately taken off course
Spyware Demo Shows how Spies Hack Mobiles »

CyberSecurity Jobsite
Perimeter 81
Cyrin

Real Attacks. Real Tools. Real Scenarios.
Schedule a demo

Go Cyber

Training that transforms behaviours

Sign Up: Cyber Security Intelligence Newsletter

Directory of Suppliers

Perimeter 81 / How to Select the Right ZTNA Solution

Perimeter 81 / How to Select the Right ZTNA Solution

Gartner insights into How to Select the Right ZTNA offering. Download this FREE report for a limited time only.

Practice Labs

Practice Labs

Practice Labs is an IT competency hub, where live-lab environments give access to real equipment for hands-on practice of essential cybersecurity skills.

Resecurity, Inc.

Resecurity, Inc.

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

Cyber Security Supplier Directory

Cyber Security Supplier Directory

Our Supplier Directory lists 6,000+ specialist cyber security service providers in 128 countries worldwide. IS YOUR ORGANISATION LISTED?

North Infosec Testing (North IT)

North Infosec Testing (North IT)

North IT (North Infosec Testing) are an award-winning provider of web, software, and application penetration testing.

DTEX Systems

DTEX Systems

DTEX Systems is the global leader for insider risk management. We empower organizations to prevent data loss by proactively stopping insider risks from becoming insider threats.

Cyber adAPT

Cyber adAPT

Cyber adAPT offers a leading network threat detection platform (NTD) to the enterprise and ODM/OEM markets.

S2 Grupo

S2 Grupo

S2 Grupo is the benchmark company in Europe and Latin America, for Cyber Intelligence and mission critical systems operations.

Paygilant

Paygilant

Paygilant’s disruptive technology is designed to protect mobile payment  financial transactions against fraudulent attacks, whether executed by NFC, QR code, P2P or in-app.

Ignyte Assurance Platform

Ignyte Assurance Platform

Ignyte Assurance Platform™ is a leader in collaborative security and integrated GRC solutions for global corporations in Healthcare, Defense, and Technology.

Cog Systems

Cog Systems

Cog Systems offer an embedded solution built on modularity, proactive security, trustworthiness, and adaptability to enable highly secure connected devices.

Cequence Security

Cequence Security

Cequence secures web, mobile, and API applications. We discover all apps, detect malicious bots, and stop attacks with an AI-integrated security platform.

NTIC Cyber Center

NTIC Cyber Center

NTIC Cyber Center is an organization dedicated to making the National Capital Region (Washington DC) more resilient to cyber-attacks.

New Enterprise Associates (NEA)

New Enterprise Associates (NEA)

As one of the world’s largest and most active venture capital firms, NEA has developed deep domain expertise and insight into our industries of focus - technology and healthcare.

DataEndure

DataEndure

DataEndure helps companies build digital resilience so that their critical information assets are protected and available to the right people, at the right time.

Sotero

Sotero

Sotero is the first cloud-native, zero trust data security platform that consolidates your entire security stack into one easy-to-manage environment.

Mosyle

Mosyle

Businesses and educational institutions rely on Mosyle to manage and secure their Apple devices and networks.

Guardz

Guardz

Guardz helps small and growing businesses to go from zero or low cyber protection to having comprehensive security – in the quickest and most straightforward way.

Cyber News Live (CNL)

Cyber News Live (CNL)

Cyber News Live provide vital information and raise awareness about all things 'cyber' to ensure you stay protected in the digital world.

Accelerynt

Accelerynt

Accelerynt was founded with a singular purpose: help teams like yours build cybersecurity resilience.

CLEAR

CLEAR

With more than 17 million members and a growing network of partners across the world, CLEAR's identity platform is transforming the way people live, work, and travel.