Ahead of its quarterly earnings report after the close on Tuesday, CyberArk Software (CYBR) is trying to retake a key level in the stock market today. The young security software firm is expected to report that its earnings fell 25% to 6 cents a share, after growth exploded 1,500% last quarter. Shares had gapped up 5.6% to 63.73 by midafternoon in above-average turnover, retaking the 50-day line, at least for the time being. The stock has hit
Netflix (NFLX) stock hovered just below its all-time high on Monday after two Wall Street analysts raised their price targets on the Internet television company. Netflix stock was down a fraction, near 123, in midday trading on the stock market today. Netflix hit a record high of 129.29 on Wednesday. Topeka Capital Markets analyst David Miller maintained his buy rating on Netflix stock but raised his price target to 161 from 126. Stifel analyst
The battle for the hearts and wallets of Chinese consumers got more intense Monday with Alibaba Group (BABA) making a wide-ranging deal that takes aim at JD.com (JD). Alibaba, China’s No. 1 provider of e-commerce platforms and services, will invest $4.63 billion for a 19.99% stake in Suning Commerce Group, one of the largest consumer electronics retail chains in China. It has more than 1,600 stores in 289 cities. The move puts Alibaba in more