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Cyber Security Stock Earnings in Focus: CYBR, HACK, QLYS, FTNT

Today’s video takes a closer look at the cyber security industry and a few key stocks to watch in this corner of the market. 

After a series of high profile hacking events, there wasn’t a segment of the market that was hotter than the cyber security world. Stocks here were very strong performers and investors saw the launch of an ETF tracking the segment too, the PureFunds ISE Cyber Security ETF (HACK). This was easily one of the most popular funds to launch in quite some time and clearly struck a chord with investors. 

However, this may have been a case where the industry hype got ahead of the fundamentals. Shares were in deep trouble over much of the past year and they have easily underperformed the market over the past year.

There has been a bit of a turnaround as of late though, as small cap stocks have come back, and there has been a return to growth names overall.  We also saw a decent earnings report from Fortinet  (FTNT) last week, as the company missed earnings, but beat revenues and gave upbeat guidance for the year ahead. This could put the pressure on two other companies that are reporting this week, Qualys (QLYS) and Cyber Ark (CYBR).

Both of these companies have a decent track record in earnings season and are looking to continue their streaks with their upcoming reports. Meanwhile, both members of the duo have Zacks Rank #3 (hold) rankings too, so we take a closer look at these ahead of their earnings to see what the trend is for each leading into their reports.

Make sure to watch our short video for a more in-depth discussion of these companies, and which are looking the most (and least) promising this earnings season!

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FORTINET INC (FTNT): Free Stock Analysis Report
 
QUALYS INC (QLYS): Free Stock Analysis Report
 
CYBER-ARK SFTWR (CYBR): Free Stock Analysis Report
 
PURFDS-ISE CYBR (HACK): ETF Research Reports
 
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