For Immediate Release
Chicago, IL - May 03, 2016 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the PureFunds ISE Cyber Security ETF ( HACK ), Fortinet ( FTNT ), Qualys ( QLYS ) and Cyber Ark ( CYBR ).
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Here are highlights from Monday's Analyst Blog:
Cyber Security Stock in Focus
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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