It's a relatively young sector & all the players have all been lumped together. In the collective minds of institutional investors - all ship are raised & lowered by a common tide. FTNT results has everyone caught in the grips of fear. This malaise will prove to be confined to FTNT & other players like CYBR, FEYE & PANW will be absolved. Differentiation & delineation of the business models for each player will transpire when the sector matures. Just my opinion
In the same way that a rising tide raises all ships, the reverse is also true. FTNT is down 20%. Their prior quarters were a whole lot better than FEYE. This puts a lot of pressure on FEYE. Just an opinion.
The difference in price between the two used to be about $16.00. Currently the difference is less than $10.00. It wouldn't be too bad except that FEYE doesn't even make money right now. What's going on with CYBR??