82.50 -0.09 (-0.11%)
Pre-Market: 8:56AM EDT
|Bid||82.00 x 800|
|Ask||83.00 x 800|
|Day's Range||81.89 - 84.84|
|52 Week Range||30.72 - 85.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||78.27|
Between the threat of hacking and digital espionage from foreign actors, growing federal scrutiny over the privacy practices of online giants like Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) and Facebook Inc. (NASDAQ: FB) and the massively successful IPO of high-profile cybersecurity company CrowdStrike Holdings, Inc. (NASDAQ: CRWD), digital security remains the lynchpin industry underlying a vast swath of the market’s biggest headlines. Which is what makes the advances in broad cybersecurity ETFs such an interesting artifact of the modern investment world.
Palo Alto-based Menlo Security's workforce has grown from 90 employees a year ago to about 160 today and is expected to top 200 by year's end.
Institutional buy signals alongside massive growth suggest that shares of the cloud security company could be poised for more gains.
Stock futures: The stock market is at highs, with top cybersecurity stocks Zscaler, CyberArk, Proofpoint, Crowdstrike and Rapid7 near buy points. The Boeing 737 Max lost a customer.
Major stock market indexes clawed back from early losses Friday after a strong jobs report renewed concerns the Fed might hold back interest rate cuts.
The jobs report came in better than investors had expected, which should be good news, right? Well, it actually is good news, even though the stock market fell for the first few hours of the trading session before erasing a bulk of those losses. Let's look at a few of the top stock trades that were uncovered in the session. Top Stock Trades for Tomorrow No. 1: Roku Click to Enlarge Shares of Roku (NASDAQ:ROKU) ripped higher on Friday, climbing about 5% on the day. The stock has quickly raced higher by more than $10 from its lows earlier this week.Roku made a perfect test and reversal off its 50-day moving average (on an analyst downgrade, no less) on Tuesday and is pushing through its 20-day moving average on Friday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat now?If ROKU can penetrate $100, its $108.32 high is on the table. Its momentum via the MACD measure (blue circle) isn't in bulls' favor yet, but could be soon. Top Stock Trades for Tomorrow No. 2: Electronic Arts Click to Enlarge Shares of Electronic Arts (NASDAQ:EA) made a really negative development this week.On the plus side, the stock held up at long-term range support near $90. On the downside though, range resistance at $105 is still in place, while EA also fell through its 10-week, 50-week and 200-week moving average during the week.Until proven wrong, though, bulls can buy on dips down toward $90 and sell on rallies up to $105. A breakout or breakdown from either level would negate that setup. Top Stock Trades for Tomorrow No. 3: Alphabet Click to Enlarge It has been a very strong four trading sessions for Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG). First, shares gapped up from ~$1,080 to the notable $1,100 level.Just a few sessions later, we have the stock pushing through both the 200-day and 50-day moving averages and hitting its highest level since May. Now what?It's possible shares go on a run ahead of earnings later this month. But I want to see how GOOGL stock does early next week near this 200-day and 50-day moving average. They are just a few dollars apart and it's possible GOOGL reverses next week. Should the rally continue, the $1,180 to $1,200 area is on the table. On a pullback, I want to see the ~$1,100 area hold up as support. Top Stock Trades for Tomorrow No. 4: Zscaler Click to Enlarge We tried Zscaler (NASDAQ:ZS) on the long side about a month ago, but the stock wasn't ready to run even though it was flirting with a breakout over $80. Even though the breakout failed, the uptrend held steady (blue line), as ZS continued to put in a series of higher lows.Then, we had the best price action in ZS on Friday.After logging its highest closing price on Wednesday -- over the $80 breakout level -- shares pulled back early on Friday before bouncing off $80 and going on to new highs. It's very constructive to see former resistance turn into support. I would love to see a continuation higher next week. Otherwise, tests of $80 that hold as support may be solid buying opportunities.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long ROKU and GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Are Down in 2019 * 7 of the Best SPDR ETFs -- Besides SPY and GLD * 5 Dividend Stocks to Buy From Across the Globe The post 4 Top Stock Trades for Monday: ROKU, EA, GOOGL appeared first on InvestorPlace.
June payrolls data took a bite out of early trade Friday. Chip stocks were hardest hit, while financial issues led both the Dow Jones and the S&P; 500.
Cybersecurity firm Zscaler is getting a boost from the growth of Office 365, an online version of Microsoft's productivity software. Zscaler operates a cloud security platform.
Futures point to a new S&P; 500 high. Tesla stock soared as Tesla deliveries beat Q2 views. Facebook, Amazon, Zscaler, ServiceNow neared buys.
Are we running out of ammunition to buy them without wholesale liquidation of other stocks? , which claims to be the only cloud security company built fresh from the ground up, sports a market capitalization of $15 billion to make it one of the most successful initial public offerings (IPOs) of the era. should have $300 million in revenue this year against CrowdStrike's $250 million.
Zscaler, Inc., the leader in cloud security, has appointed James Cater as Vice President and General Manager for the EMEA region. With more than 25 years of experience in security, Cater will lead Zscaler’s business across the region, including adding and expanding relationships with local and regional partners. “James’ deep knowledge of the region and market, combined with his track record of guiding and managing fast-moving companies, puts him in a strong position to drive growth in EMEA,” said Jay Chaudhry, CEO, Chairman and Founder of Zscaler.
Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren't very good. However, our research shows this not to be the case. In fact, when it comes to their very top picks collectively, they show a strong ability […]
Despite huge spending on cybersecurity, data breaches continue. But new "zero trust" models could usurp firewalls as the best way to stop cyberattacks and ensure insiders are secure.