CyberArk Software flew past Wall Street estimates with its second-quarter earnings Tuesday and issued upbeat guidance, showing strong industry demand for data security. The Israel-based developer of network security software said earnings per share minus items more than doubled to 19 cents from 9 cents a year ago. That shattered the 6 cents analysts had modeled. Revenue jumped 70% to $36.4 million, beating the consensus estimate of
Google co-founders Larry Page and Sergey Brin assure investors their plan to break up the search leader’s wide-ranging operations into smaller, more focused pieces under a new parent called Alphabet will free them up to focus on the company’s “moonshot” efforts, while others nurture the company’s core search business. But what does this radically new approach mean for Google ‘s (GOOGL) newfound spending discipline? Good things, observers say. The
Past the midway point of 2015, the S&P 500 is clinging to just a small gain. Trading has been choppy and lacking sustained rallies, but some segments of the market have still managed to thrive. Among IBD’s 197 industry groups, 18 are up 20% or more year to date. Strength has been concentrated in the consumer, building and medical segments of the economy. From the consumer space, gaming software is among the groups topping the list. The group is up