Cyber Security Industry($FTNT, $SPLK, $ZS...) Stocks: A Glimpse into the 7.13% Average Monthly Gain
The cyber security realm is dedicated to providing software and services that fortify networks, websites, and IT infrastructures against potential threats. Falling under the tech sector, these companies might exhibit more volatility than others. However, the emphasis on security often supersedes other tech expenditures. Renowned players in this domain include Check Point Software, FireEye, and Fortinet. The escalating reliance on technology by businesses underscores the ever-growing need for robust cyber security measures.
Tickers in Industry - $FTNT, $CHKP, $QLYS, $SPLK, $RDWR, $PANW, $CYBR, $RPD, $SCWX, $OKTA, $ZS, $OSPN, $TENB, $CRWD
Swing Trader: Medium Volatility Stocks for Active Trading (TA&FA) - Annualized Return + 60%
Notable Companies
- Palo Alto Networks (NASDAQ:PANW)
- CrowdStrike Holdings (NASDAQ:CRWD)
- Zscaler (NASDAQ:ZS)
- Splunk (NASDAQ:SPLK)
- Okta (NASDAQ:OKTA)
- CyberArk Software Ltd (NASDAQ:CYBR)
Market Capitalization
The cyber security industry boasts an average market capitalization of $18.4B. Valuations within this group span from $486.5M to a whopping $74.9B. Leading the pack, Palo Alto Networks (PANW) is valued at $74.9B, while OSPN stands at the spectrum's lower end with a valuation of $486.5M.
Price Movements: Highs and Lows
Over the past month, the industry has seen an average price growth of 4.48%, with a weekly growth rate of 6.34% and a quarterly growth of 6.51%. Okta (OKTA) emerged as a top performer with a 19.29% surge, while Check Point Software (CHKP) experienced a slight dip of -0.96%.
Key Price Movements:
- CrowdStrike Holdings (CRWD, $163.03) surged by +12.09% as of 9/1/23.
- CrowdStrike Holdings (CRWD, $144.03) faced a decline of -6.41% as of 8/29/23.
- Splunk (SPLK, $112.83) enjoyed a significant boost of +16.14% as of 8/25/23.
Volume Analysis
The industry experienced an average weekly volume growth of 29.82%. However, the monthly and quarterly volume growth rates were -14.48% and -14.57%, respectively.
Noteworthy Volume Movements:
- Fortinet stock's volume surged for four consecutive days, marking a record-breaking daily growth of 129% of the 65-Day Volume Moving Average on 8/11/23.
- Fortinet stock's volume rose for three consecutive days, achieving a daily growth of 145% of the 65-Day Volume Moving Average on 8/10/23.
- Palo Alto Networks stock witnessed a daily volume spike of 503% of the 65-Day Volume Moving Average on 6/17/23.
Fundamental Analysis Ratings
The fundamental analysis ratings offer insights into the industry's health and potential. While specific ratings were not provided, it's essential to note that a rating closer to 1 indicates a more favorable outlook, while a rating closer to 100 suggests challenges or concerns.
The cyber security industry's recent performance, especially the 7.13% average monthly gain, underscores its vitality and the innovative strides being made by companies within this theme.
FTNT - On August 29, 2023, FTNT's Momentum Indicator crossed the pivotal 0 mark, hinting at a potential upward trajectory for the stock. Investors might see this as an opportune moment to acquire shares or explore call options. Historical data from Tickeron's A.I.dvisor reveals that in 80 out of 100 previous instances when this positive shift occurred, FTNT experienced subsequent gains. This suggests an 80% likelihood of the stock continuing its ascent in the near term.
CHKP - On August 7, 2023, CHKP's Aroon Indicator signaled a potential upward trajectory. Tickeron's A.I.dvisor noted the AroonUp green line surpassing the 70 mark, while the AroonDown red line remained below 30. This specific pattern often indicates a bullish momentum. Investors might consider this an opportune moment to acquire shares or delve into call options. Historical analysis reveals that in 150 out of 251 past occurrences with similar Aroon patterns, CHKP experienced subsequent gains. This suggests a 60% probability of the stock continuing its upward trend in the near future.
QLYS - On August 11, 2023, QLYS surpassed its upper Bollinger Band, often indicating a potential price correction towards the middle band. Investors might interpret this as a cue to possibly offload shares or consider put options. Historical data from A.I.dvisor reveals that in 38 out of 49 previous instances where QLYS exhibited a similar breach, the stock experienced a decline in the subsequent period. This suggests a 78% likelihood of a downward adjustment in the stock's price in the near term.
FTNT's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for FTNT moved out of oversold territory on August 23, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 20 similar instances when the indicator left oversold territory. In of the 20 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FTNT advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 337 cases where FTNT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FTNT as a result. In of 99 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for FTNT turned negative on September 21, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTNT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FTNT broke above its upper Bollinger Band on August 30, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FTNT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (142.857) is normal, around the industry mean (21.049). P/E Ratio (43.860) is within average values for comparable stocks, (152.713). Projected Growth (PEG Ratio) (1.867) is also within normal values, averaging (2.638). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (9.285) is also within normal values, averaging (74.081).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of threat management and network security solutions
Industry PackagedSoftware
FTNT and
Correlation & Price change
A.I.dvisor indicates that over the last year, FTNT has been loosely correlated with PANW. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if FTNT jumps, then PANW could also see price increases.
| Ticker / NAME | Correlation To FTNT | 1D Price Change % | ||
|---|---|---|---|---|
| FTNT | 100% | -0.92% | ||
| PANW - FTNT | 59% Loosely correlated | +0.47% | ||
| OTEX - FTNT | 57% Loosely correlated | +0.56% | ||
| DOCN - FTNT | 56% Loosely correlated | +1.09% | ||
| ALTR - FTNT | 55% Loosely correlated | +1.02% | ||
| GDDY - FTNT | 52% Loosely correlated | +0.08% | ||
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