Palo Alto Networks (PANW) is expected to post double-digit growth in earnings and revenue when it reports fiscal Q2 results after the market close Monday. Analysts polled by Thomson Reuters expect Palo Alto Networks to report earnings per share excluding items of 17 cents for the quarter ended Jan. 31, up 70% compared with the year-earlier quarter. The Santa Clara, Calif.-based network security company’s revenue is expected to jump 45% to $204
Shares of CyberArk Software (CYBR) plunged Monday after JPMorgan downgraded the stock. CyberArk shares are still up about 70% from Feb. 9, when the cybersecurity stock began its huge recent run. Meanwhile, industry group peer Palo Alto Networks (PANW) reversed off of a new intraday high on Monday. Vasco Data Security (VDSI) and FireEye (FEYE) also fell. Watch this video for chart analysis of these two cybersecurity stocks.
IBD’s Computer Software-Security industry group is ranked No. 7 out of the 197 groups that IBD tracks. Today’s Screen of the Day features one stock in the group: Accelerating Mutual Fund Ownership. It’s Vasco Data Security (VDSI). Its high Accumulation/Distribution Rating can be attributed, in part, to its strong industry group, with top-rated CyberArk Software (CYBR) and Palo Alto Networks (PANW) as peers. Watch this video to find out more about