Actionable news
0
All posts from Actionable news
Actionable news in SYMC: Symantec Corporation,

IT Security Peers Retreat After CyberArk Warning

The shares of the number of IT security stocks are declining after one of the names in the sector, CyberArk (CYBR), issued a negative pre-announcement last night. Analysts had mixed views on CyberArk following its results, as some downgraded the shares while other defended the stock.

PRE-ANNOUNCEMENT: CyberArk lowered its revenue view for Q2 to a range of $57M- $57.5M from its prior view of $61M-$62M. Analysts were expecting $61.94M. The company expects license revenue in the range of $30M-$30.5M and operating income of $8.5M-$8.9M. The company blamed the shortfall on its failure to close a number of deals in its Europe, Middle East, Africa region.

DOWNGRADES:...


More