|Bid||35.16 x 1100|
|Ask||39.00 x 1300|
|Day's Range||37.12 - 37.57|
|52 Week Range||29.50 - 40.72|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.99|
|Expense Ratio (net)||0.72%|
In the age of communications, an increasing number of professionals are growing concerned about potential digital threats, bolstering demand for cyber security. Investors can also capitalize on this growing industry through sector-specific ETF plays. According to a recent SailPoint survey of 400 IT leaders conducted during Cybersecurity Awareness Month, nearly two in three professionals indicated that they are extremely concerned about their personal identity being stolen.
The stock of cybersecurity (HACK) firm FireEye (FEYE) fell 5.4% on October 8 to close at $16.43. The stock is currently trading 23% above its 52-week low of $13.40 and 15% below its 52-week high of $19.36. FireEye stock is currently trading below its IPO (initial public offer) price of $20.
Cybersecurity plays a critical role in IT infrastructure. During the PC era, cybersecurity stocks such as Symantec (NASDAQ:SYMC) would often rise soon after such breaches, as firms of all types tend to spend on these occasions to give themselves as much protection as possible. Today, with the wide range of networks and devices in need of protection, such breaches may not necessarily lift all cybersecurity stocks.
Shares of cyber security companies were mostly lower Thursday, along with the broader stock market, as investors shrugged off a report that Chinese operatives inserted microchips in motherboards sold to Apple Inc. and Amazon.com Inc. . The ETFMG Prime Cyber Security ETF shed 0.9% in morning trade, with 43 of its 52 equity components losing ground, while the First Trust Nasdaq Cybersecurity ETF slid 1.0%, with 33 of 38 components declining. The biggest winner in both ETFs was FireEye Inc.'s stock , which surged 4.6%. Among others, shares of Okta Inc. lost 2.7%, Palo Alto Networks Inc. tacked on 0.3%, Symantec Corp. slipped 0.5%, BlackBerry Ltd. lost 1.8%, SailPoint Technologies Holdings Inc. dropped 4.6% and Zscaler Inc. declined 1.8%. Meanwhile, the Nasdaq Composite fell 1.5% and the S&P 500 lost 0.8%.
Initially, political pundits had high hopes for the discussions, which potentially holds the keys for de-escalation. Second, we have the whole bag of ugliness involving Michael Cohen, President Donald Trump’s former attorney. Although too early to make broad predictions, Trump will at the very least suffer severe political damage.
A data breach is “the unauthorized acquisition of covered information that compromises security, integrity or confidentiality," according to software company Digital Guardian. In response to a rise in data breach concerns, Digital Guardian produced an infographic demonstrating data breach laws by state. “Each state has its own set of notification laws in the event of a breach.
Concurrent to the rampant rise in cyber attacks, demand for cybersecurity solutions has burgeoned, and cybersecurity stocks have bounced. The Prime Cybersecurity ETF (NYSEARCA:HACK) is up 34% over the past year, almost double the S&P 500’s return of 18%. As such, demand for cybersecurity solutions will continue to grow, and cybersecurity stocks will continue to outperform.
Heightened awareness around the need for products related to cybersecurity has created one of the strongest macro-level trends found anywhere in the public markets. In this article, we'll take a look at several charts related to this growing sector and try to determine how active traders will be positioning themselves over the weeks or months ahead. Given the increasing popularity of exchange-traded products such as the PureFunds ISE Cyber Security ETF, it is now possible for retail investors to gain exposure to a basket of stocks from a niche sector such as cybersecurity.
Henry Kissinger recently called Donald Trump one of those occasional, critical figures in history that marks the end of one era and the beginning of a new one. The new era represents an equally significant juncture for the financial markets, says Larry Jeddeloh, founder of the Institutional Strategist newsletter and the Minneapolis-based institutional research firm TIS Group. Jeddeloh advises sovereign wealth funds, macro funds, companies, and a range of investors.
Cybersecurity stocks fall for a second week in a row as earnings beats and raised outlooks did little to boost prices in a competitive sector that some believe is overpriced.
Cybersecurity company earnings hit a rocky start as earnings began to flow in this week, struggling to meet high expectations brought on by elevated stock prices and a booming security market fueled by fat IT spending budgets and fears of hackers.
MARKET PULSE Cybersecurity stocks fell Friday after a few misses from reporting firms gave an indication of how high the bar is set for the sector this earnings season. The ETFMG Prime Cyber Security ETF (hack) fell 3% and the First Trust Nasdaq Cybersecurity ETF (cibr) was down 2.
Investors looking for industry-level attribution for the technology sector’s leadership in 2018 should not look past software. Simply put, among technology exchange traded funds (ETFs) this year, software ETFs are represent sources of strength.
Fortinet (FTNT) stock rose 10.3% to close at $60.38 last week (ended May 11). The stock has returned 55% in the last 12 months and 10.1% in the last month. It rose 45% in 2017. Fortinet is trading 70% above its 52-week low of $60.38 and 0.3% below its 52-week high of $60.57. Peer network security (HACK) companies Symantec (SYMC), FireEye (FEYE), and Palo Alto Networks (PANW) have returned -30%, 3.2%, and 3.6%, respectively, in the last week.
Despite some volatility, tech stocks are trouncing the broader market this year as top-performing tech funds score double-digit gains.
Technology and oil were among top-performing ETFs during the past month, though health care and cocoa led their respective sector and commodities categories.
The surging popularity of blockchain, artificial intelligence, electric and autonomous vehicles is giving private-label ETF issuers new opportunities to meet investor demand in short order.
The Big Picture Trend: Software is Eating the World Big picture – the most powerful and predictable trend in economics is not inflation, growth, or poverty reduction, it is the exponential price/performance trend of information technology. This ...
Broadly speaking, technology is viewed as a growth sector and within that space, some industries are really propelling growth. Cybersecurity is one of the fastest-growing sub-groups in the broader technology universe. Data confirms as much.
Leadership among top U.S. diversified stock funds shuffled a bit the past month as market volatility took a toll.
CNBC's Carl Quintanilla reports on the ETFMG Prime Cyber Security ETF, the 'HACK' ETF, as it is on pace for its best month in three years.