“CrowdStrike Peer Ramps Up 406% Growth — And New Buy Point”
March 29, 2024
“Boosted by 406% earnings growth last quarter and strong forecasts ahead, CyberArk Software (CYBR) has set up a new potential breakout after already fueling an impressive run. As a result, CYBR stock has secured its place on the latest list of new buys by the best mutual funds, alongside CrowdStrike (CRWD), Palo Alto Networks (PANW), Zscaler (ZS) and Nice (NICE)…
On the sales front, CyberArk has now delivered three quarters of rising revenue growth, including a 32% year-over-year gain to $223.1 million in Q4. Demand for shares of CYBR stock has mostly outpaced its industry peers. The stock’s 1.5 up/down volume ratio tops all its group rivals, including CrowdStrike (1.2) and Palo Alto Networks (1.0)…”