7.05k followers • 17 symbols Watchlist by Motif Investing
Internet penetration is now 34.3% of the global population and the growing adoption of tablets and smartphones, increases the risks and potential targets for cyber crime.
The stock market rally continued in the latest week, with more top stocks breaking out. Cisco, Nvidia and many top software stocks rallied on earnings.
Analysts are raving about Cyberark Software Ltd (NASDAQ: CYBR )'s record fourth-quarter earnings beat Thursday. Morgan Stanley: 'We See Room For Further Outperformance' CyberArk is executing on an increasingly ...
Moody's Investors Service ("Moody's") confirmed Symantec Corporation's ("Symantec") Baa3 senior unsecured rating. Symantec's Audit Committee investigation has since concluded, annual and quarterly financial statements have been made current with the Securities and Exchange Commission and the company recently announced a revised capital allocation plan including its intention to deploy excess cash toward pre-paying a $600 million unsecured term loan due August 2019 and to an upsized $1.3 billion share repurchase authorization program. The confirmation of the Baa3 rating reflects Symantec's progress in deleveraging as well as Moody's expectation for improving revenues, operating margins and cash flow in FYE March 2020.
CyberArk (NASDAQ:CYBR) spiked higher in Thursday trading on a solid quarterly report. The Israeli-based online security firm blew away earnings and revenue estimates and garnered a lot of attention for CyberArk stock.Source: Shutterstock While this will please investors who bought before the announcement, valuation and growth forecasts warrant caution in CyberArk stock. Although CYBR should move higher in the long-term, the move higher makes the short and medium term outlook uncertain. CyberArk Stock Beat EstimatesIn Q4, Cyberark reported non-GAAP earnings of 89 cents per share, 30 cents per share higher than analysts had anticipated. The company also doubled its net income over year-ago levels, when the company reported a profit of 41 cents per share. * 10 Hot Stocks Leading the Market's Blitz Higher Likewise, revenue also came in well ahead of estimates. CYBR brought in $109.1 million, $13.16 million more than expected. This represents a year-over-year increase of 35.7%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFull-year results also came in ahead of expectations. As with the quarterly results, annual net income came in 30 cents per share ahead of $1.76 per share consensus estimate. The company earned $2.06 per share, 77.6% higher than the $1.16 per share in non-GAAP earnings reported in 2017. Revenues of $343.2 million beat estimates by $13.3 million. They also rose 31% above 2017 levels.First quarter 2019 guidance also surprised to the upside. CyberArk expects between $91 million and $93 million. This would take net income somewhere between 39 cents and 42 cents per share.For fiscal 2019, analysts predict somewhere between $411 million and $415 million in revenue. This brings about a slight increase in income estimates. The company forecasts between $1.94 and $2.00 per share in earnings. Financial Metrics Imply a Temporary SetbackTraders took this news well, and CyberArk stock rose to $104.06 per share, an increase of 20.5% from Wednesday's close. Two weeks ago when the stock traded in the mid-$80s per share level, I described CYBR as expensive, but worth it.While this has pleased investors, I also see this as a time for caution, and a warning to look more closely at the numbers. Thursday's spike in CYBR stock takes the forward price-to-earnings (PE) ratio to almost 54. The high end of the company's earnings estimates comes to $2 per share. Investors should realize that if this happens, it will represent a slight decline in earnings for 2019.For this reason, I see a temporary pause or even a pullback happening. However, analysts still expect an average earnings growth rate of 33.2% per year over the next five years. Hence, I would expect an interruption, not a downtrend.As for CyberArk stock, I still see it as a buy on any pullback. Tech advances will make CyberArk and peers such as Check Point Software (NASDAQ:CHKP) and Palo Alto Networks (NASDAQ:PANW) at least as necessary as Symantec (NASDAQ:SYMC) was in the PC world.After all, its current applications, as well as the ones that will probably come from 5G, make CyberArk's software all the more important. However, valuations have become frothy. For those who want to take some profits, I see now as a good time. Concluding Thoughts on CyberArk stockCyberArk faces a bright long-term future amid an unclear near-term outlook. CYBR blew away earnings and revenue estimates for both Q4 and fiscal 2018. The company also raised guidance for both the next quarter and the upcoming fiscal year.This good news has the result of clarifying the long-term outlook while making the short-term more uncertain. Amid the good news, the outlook implies profit shrinkages for fiscal 2019. Although I think this amounts to a pause rather than a peak, it could make investors question the 54 forward PE ratio for now.I do not want to discourage those who wish to buy CyberArk. However, given the near-term outlook, I would urge investors to take profits now and buy later.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal Compare Brokers The post Blowout Earnings Aside, Lay off CyberArk Stock for Now appeared first on InvestorPlace.
CyberArk (CYBR) fourth-quarter 2018 results benefit from growing adoption of its solutions and increased demand for privileged access security.
Palo Alto's stock has gained more than 35% since mid-November to exceed $225. Palo Alto Networks is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. The idea consists of taking advantage of the scale of Palo Alto to propose a marketplace for security applications.
Cisco Stock Up 3.92% after Upbeat Q2 Earnings(Continued from Prior Part)Strong cash flows Cisco Systems (CSCO) ended the second quarter of 2019 with an operating cash flow of $3.8 billion, down 7% YoY. The figure includes the payment of $0.8 billion
Stocks pared sharp early losses from a weak retail sales report as the Nasdaq staged an upward reversal, thanks to bullish earnings from Cisco and CyberArk.
CyberArk Software reported fourth-quarter adjusted earnings and revenue Thursday that blew past Wall Street estimates and its guidance beat views. CyberArk stock jumped in early trading.
Cisco Stock Up 3.92% after Upbeat Q2 Earnings(Continued from Prior Part)Cisco’s earnings performance Cisco Systems (CSCO) posted better-than-expected earnings in the second quarter of fiscal 2019 on February 13 after the market bell. Second-quarter
Stocks looked set for more gains in pre-market trading before opening lower on weaker-than-expected retail sales. Stocks recovered their losses by midday trading, as bears weren't able to crack the markets too badly. That sets us up for a few must-see stock trades going into Friday. Coca-Cola (KO)Coca-Cola (NYSE:KO) is having a pretty rough day, especially as its investors aren't too accustomed to 7.5% one-day pullbacks. After in-line earnings results and a beat on revenue, management provided a cautious outlook that sent shares reeling.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's hard to deny that $50 was clearly resistance in this name, but there could be some debate about support. Some will say KO has already dropped through it at $46.50. Others will say support still rests down at $46. Within 50 cents of each other and I say it's a wash. * The 10 Best ETFs You Can Buy Notably, we also have the 200-day nearby at $45.62. Those who want to take a stab at Coca-Cola stock should keep these levels in mind. A close below the 200-day and traders may want to rethink their position. Keep in mind, PepsiCo (NYSE:PEP) reports earnings on Friday before the open. CyberArk (CYBR)Acting as the complete opposite, CyberArk (NASDAQ:CYBR) is soaring on the day after a very impressive earnings report. Shares are up 20% as a result (and good call Will Healy).Now investors are wondering where it can rally to. Short of a market-wide breakdown, CYBR has room above $110, with trend resistance still a little ways above current levels.On the downside, should CYBR pullback, look to see if it can stay over Thursday's low. If it can't, see how it handles uptrend support (purple line). Canada Goose (GOOS)Canada Goose (NYSE:GOOS) hammered earnings, and that's putting it lightly. Revenue of ~$400 million grew 50% year-over-year and smashed estimates by more than $130 million. Guidance was solid too.Despite all this, shares are down about 11%. Shares are now technically below the 200-day, but have the 21-day and 50-day moving averages just below current levels. Further, its got short-term uptrend support nearby too.Those who feel this is the wrong reaction and/or an overreaction to what were truly great results may consider this a buying opportunity. Below $50 and a drop down to $46 to $47 isn't out of the question, and possibly further. * 7 Best of the Best Fidelity Funds to Buy Conservative traders who don't mind buying even though we're heading into the spring and summer seasons instead of the fall and winter seasons may consider waiting a few days to see if buyers step in first. S&P 500 ETF (SPY)The SPDR S&P 500 ETF (NYSEARCA:SPY) is one we should look at now given how well the market has done since the December lows. A lot of investors were focused on possible downtrend resistance (blue line), but I didn't like that look.Why? Because it feels cherry picked and felt forced on the charts to justify a negative view. Plus, it's an inaccurate trend, but I digress. Instead, I continue to focus on the $280 level, a mark that SPY failed at three times in October, November and December. If we get there in a relatively quick amount of time, it will also likely push the RSI (green circle) into overbought territory.A rally to this level would be my ideal scenario and give investors a solid risk/reward for some profit taking and/or possible shorting opportunities. The exception is if we get there via a trade deal with China. If that happens, $280 may prove to be feeble resistance. CenturyLink (CTL)Not that it was surprisingly with a near-15% yield, but CenturyLink (NYSE:CTL) stock is getting pummeled on Thursday after axing its dividend to $1 a share from $2.16. Shares are down about 12% in response, but according to the charts, they could have further room to fall.The downtrend (blue line) told investors all they needed to know leading up to this gut-punch. Now below $14 and shares are in no man's land until $12. Maybe buyers will step in near $12.50, but there seems to be little reason to hop on board into such a route. * 7 Reasons Stock Buybacks Should Be Illegal Let CTL wash out and let's see if $12 holds. Below and it's really in trouble.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 5 Must-See Stock Trades for Friday, Including Coca-Cola appeared first on InvestorPlace.
Cisco Stock Up 3.92% after Upbeat Q2 EarningsCisco’s stock price movement Cisco Systems (CSCO) stock increased 3.92% in after-hours trading on February 13 after the tech giant reported upbeat results for the second quarter of fiscal 2019, which
[Editor's note: This story was previously published in MONTH YEAR. It has since been updated and republished.]The search for software stocks to buy provides both opportunities and challenges. On the one hand, software develops and changes at a rapid pace, paving the way for ever-increasing chances to profit. However, rapid changes can make it a challenge to maintain market share. Moreover, between application, business, healthcare, internet and security software, there is a dizzying array of choices when it comes to software stocks.Existing software firms can stand out from the crowd by redefining themselves. As such, they can bring new technical abilities to the marketplace, reviving their companies and their respective stocks. With a little research, investors can find these software stocks before valuations move too high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThese three software stocks should provide both the growth and the new technology needed to drive their stock prices higher for years to come. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? Source: Shutterstock Progress Software Corporation (PRGS)Progress Software (NASDAQ:PRGS) provides software-based security solutions via the cloud. The company divides itself into three sections. OpenEdge, its original product from the early 1980's, is a programming language focused on developing multi-language business applications. The company also offers cloud-based applications through its Data Connectivity and Integration division. Finally, Application Development and Deployment creates and deploys specialized apps for its clients.Despite its long history, the company may now be seeing its highest stock price growth ever. PRGS stock maintained a steady growth path following the 2008 financial crisis. And then, in 2017, the stock price almost doubled. After hitting a high of around $43 last fall, PRGS hit a low near $30 during the market downturn and has since rebounded back to the $37 per share level.The forward price-earnings ratio for the stock now stands at just 14.5, although the company's earnings per share are expected to be little changed this year.But as the cloud industry begins an inevitable consolidation, PRGS stock could become a buyout target. Its $1.66 billion market cap makes it a size any larger firm could easily absorb. With the importance of cloud-related security and low valuations, PRGS stock could stand out among software stocks to buy. Source: Larry D. Moore via Wikimedia (Modified) National Instruments Corporation (NATI)Some software stocks revolve around research. Such is the case with National Instruments (NASDAQ:NATI). National Instruments designs and sells software to engineers and scientists. Their software covers a variety of research-related applications, such as data mining and data analysis. Some National Instruments software can perform tests within a manufacturing environment and configure other applications for real-time experiments. These simulations allow engineers and scientists to test ideas before bearing the high costs of manufacturing or building real-world models.The company has existed since 1976. However, this decade for the company has really hit its stride. The company's EPS nearly tripled last year,and it's expected to jump another 24% this year. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? This growth has begun to appear in its stock. NATI stock traded under $30 per share less than three years ago. Today, it sells at about $45.50 per share, down from a record of high of $53.57 per share back in March 2018. As for its valuation, its forward P/E is now 32. While that might appear high, its five-year estimated PEG ratio is only 0.66. Also, despite its growth and long existence, NATI's market cap stands at about $6 billion. Although it may have taken decades to come into its own, NATI stock presents a compelling value proposition to customers and investors alike. Source: Shutterstock Symantec Corporation (SYMC)Symantec (NASDAQ:SYMC) has long served as the provider of Norton AntiVirus software. This stood out among software stocks to buy during the 90s tech boom as it became a leading security platform during the PC era. As of late, SMYC has seen slower growth due to slower PC sales.However, the company focuses on more than just PCs. Symantec also provides security for both network and cloud applications. Additionally, its acquisition of LifeLock offers protection in the financial realm as well.Analysts expect these new areas of focus to bolster the stock. SYMC stock saw net income growth fall by an average of 6.9% per year over the last five years, and its EPS is expected to drop by about the same amount this year. But in 2020, its EPS is expected to rebound 14%.SYMC stock also trades at a discount. After reaching as high as $34.20 per share last September, the stock trades at around $23 per share today.This could have also created a chance to buy SYMC at a lower price. Its current forward P/E stands at just over 13. Also, keep in mind that income growth will probably return to the double-digits starting next year.PC-focused companies such as Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC) have found prosperity after the decline of their one-time core product. I believe the same thing is happening to Symantec. With the low P/E and the prospects for growth, now could be an opportune time to buy it.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 3 Software Stocks to Buy for Big Changes And High Growth appeared first on InvestorPlace.
Just as IoT (Internet of Things) became a buzzword for many years before it started taking off, the same is happening with 5G. 5G is the next-generation standard for wireless communications. It promises to give wireless devices, especially the mainstream smartphone, lower latency and faster speeds. And because such uses as video streaming and IoT in automotive and appliances benefit from a faster backend network, investors will not want to miss out on the 5G revolution.The 5G upgrade is being driven by big U.S. telecom firms that are getting ready to test 5G sometime in the middle of this year. So as the upgrade cycle unfolds, investors will want to buy network suppliers offering 5G equipment.Before hopping on the 5G investment play, be wary on one outlier: Huawei. The U.S., along with other G7 countries, are blocking the company from selling telecom equipment. If this happens, other networking suppliers will win more business deals. But if Huawei somehow appeases the U.S. and is allowed to sell its 5G equipment, then that may raise the competitive pressures for all players in this space.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best ETFs You Can Buy With all of that in mind, here are five of the best 5G stocks to invest in now.Source: Shutterstock Cisco Systems (CSCO)Cisco Systems (NASDAQ:CSCO) may offset its slowing Security business if it wins 5G networking supply deals. It sells connections and network that protect connections worldwide. Cisco 5G Power x is a cloud-to-client approach to 5G. The solution delivers an open, hyper-programmable architecture (according to the information posted on its website). Any combination of cellular, Wi-Fi and IP access is supported.Cisco stock trades at just below 20 times forward earnings and earnings are expected to grow by nearly 10% for the next five years. This pace could be even higher as the rate of 5G orders increases this year.Source: Shutterstock Nokia (NOK)Nokia Corporation (NYSE: NOK) is trading in an uptrend that began in August 2018, and for good reason. Huawei's troubles could give Nokia's Alcatel-Lucent unit a positive lift as it wins 5G networking upgrades this year. In the fourth-quarter report released on Jan. 31, Nokia reported revenue growing 3.3% year-over-year. Looking forward, CEO Rajeev Suri said that he expects Nokia's performance to strengthen in 2019 over 2018. The meaningful shift to 5G will drive this business upswing. Longer-term growth will come from optical, macro radio, fixed wireless access and even software. But 5G will help these areas, through the second wave of upgrades of private wireless technology. This includes LTE and 5G-ready networks.Nokia is in a leadership position as 5G commercialization unfolds. The company is confident that it will dominate in the Americas, as well as in Europe, Middle East & Africa and Asia-Pacific. * The 10 Best ETFs You Can Buy Nokia stock trades at 14 times forward earnings. At the Mobile World Congress 2019 event on Feb. 25 - 28, Nokia may give more details on its success in the 5G rollout.Source: Shutterstock Ciena Corporation (CIEN)Trading near yearly highs, Ciena Corporation (NYSE:CIEN) will probably continue posting impressive quarterly results. In the Q4 report posted on Dec. 13, 2018, Ciena's earnings grew from 46 cents to 53 cents a share. With its next report on Mar. 5, before market open, chances are good that the company will report another earnings beat. The market is valuing the stock at just 17.4 times forward earnings.Looking beyond the current quarter, the strong demand for 5G will drive fiber densification into the access network. This creates a great opportunity for Ciena to help as new platforms get created. The new set of capabilities include integrating coherent optics into these platforms. This is Ciena's core market strength. 5G is not a direct driver for Ciena, but the bandwidth and user experience needs in the back-end are. So, expect revenue growth in this segment to do very well for 2019.Source: Shutterstock AT&T (T)AT&T (NYSE:T) introduced the first standards based on the mobile 5G network in 12 cities very recently. It is ahead of schedule in deploying the network. On the backend, fiber deployment, which is foundational to its 5G network, now reaches 11 million customer locations. This is on top of 8 million business locations.AT&T's leadership in 5G gives the telecom giant an edge over other carriers as it offers network improvements that include better speeds for its customers. As the rollout for 5G reaches critical mass, investors in AT&T stock will look forward to sustained revenue growth, strong cash flow and a dividend yield that is close to 7%. * 7 Reasons to Own Coca-Cola Stock Investors might worry over the cost of building a nationwide 5G network. Competitors are offering the same, but AT&T benefits from a wider bandwidth and higher revenue per user. This happens as customers upgrade to a better, faster service offering.Source: David Via Flickr Juniper Networks (JNPR)Juniper Networks (NYSE:JNPR) shares dipped slightly after the company reported light fourth-quarter results. Still, the business model pressure will be offset with the MX 5G product refresh. Management believes MX 5G will add meaningfully to revenue in the second half of this year. The routing business will strengthen, thanks to the 5G investment cycle. Should Juniper grow its market share, the firm may cross-sell its secure infrastructure solution -- firewall technology -- further adding to its revenues in the years ahead.For 2019, the carrier 5G deployment will help lift revenue. Juniper also believes the 400G upgrade cycle and the enterprise multi-cloud initiative will be a positive tailwind for the company over the next few years.As of this writing, Chris Lau held shares of Nokia Corporation. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 5 Best 5G Stocks to Buy As the Trend Heats Up appeared first on InvestorPlace.
See who joins Netflix, Splunk, Palo Alto Networks, Paycom, and Workday on this list of today's fastest-growing companies.
shares were up 15.5% Thursday after the Israeli cyber security company reported fourth-quarter earnings and revenue ahead of analysts' expectations. "Our record fourth quarter results capped off a tremendous year for CyberArk," said Udi Mokady, CyberArk chairman and CEO. "We were pleased to accelerate revenue growth across the Americas, EMEA and APJ, which demonstrates our strong execution, commitment to innovation, and the robust market fundamentals.
CyberArk (CYBR) delivered earnings and revenue surprises of 50.85% and 13.86%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?