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CyberArk Stock Fails to Break Out on Earnings - Now What?

Bret Kenwell

After a big stock market decline Monday, the indices were set for a modest bounce on Tuesday. CyberArk's better-than-expected earnings propelled the stock to new highs near the open. While the markets have continued to power higher -- the S&P 500 up by 1.2%, the Nasdaq up about 1.5% -- CyberArk has given back most of its gains and is flirting with going negative on the day.