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Exploring Cyber Security's Surging Growth: An In-Depth Analysis
🔒 Cyber Security gain +7.12% in one month! 🔒
✨ Buy/Sell Ratings: Buy ✨
📈 Stocks in the group have a Positive Outlook today 📈
Tickers of this Group:
Introduction
In the dynamic world of technology, ensuring data security has never been more crucial. The Cyber Security sector stands at the forefront, guarding against evolving cyber threats and safeguarding digital assets. Over the past month, the sector has surged with an impressive gain of +7.12%, capturing the attention of investors seeking growth opportunities. In this blog, we delve into the fascinating realm of Cyber Security, exploring the industry's transformation and highlighting significant players within it.
Industry Description
Cyber security companies play a vital role in fortifying networks, websites, and IT infrastructure from cyber threats. Situated within the tech sector, these companies offer essential solutions that remain a priority despite market volatility. Notable names such as Check Point Software, FireEye, and Fortinet have been pivotal in shaping the industry. As organizations increasingly rely on technology, the demand for robust security measures becomes even more critical, indicating a sustained growth trajectory for this sector.
Market Cap
Within this thriving sector, the average market capitalization is an impressive 18.4B. The market cap for individual tickers ranges from 486.5M to 74.9B, with Palo Alto Networks (PANW) leading the pack at 74.9B and OSPN positioned as the lowest valued company at 486.5M.
High and Low Price Notable News
The past month has witnessed substantial price growth, with the average weekly price increase across the group amounting to 5.31%. Over the same period, the average monthly price growth reached an impressive 7.12%, further attesting to the sector's vitality. Notably, Okta (OKTA) demonstrated the highest price growth at 21.31%, while Check Point Software (CHKP) experienced a minor dip of -0.64%.
Volume
Amid these market movements, the sector's average weekly volume growth stands at 1.28%. However, monthly and quarterly volume trends reveal a decrease, with -46.91% and -37.17% respectively. Noteworthy volume surges, such as Fortinet's, signal heightened investor interest and underline the sector's ongoing momentum.
Fundamental Analysis Ratings
Underpinning these trends are robust fundamental analysis ratings, offering insights into the sector's health. With a Valuation Rating of 75 and a P/E Growth Rating of 73, the sector presents a compelling case for investment. While some metrics like Price Growth Rating (49) and SMR Rating (74) shine, others like Profit Risk Rating (61) reveal a calculated risk appetite. The Seasonality Score at -51 suggests the potential for variance in short-term performance.
Key Players
Among the noteworthy companies in this dynamic sector are Palo Alto Networks (PANW), CrowdStrike Holdings (CRWD), Zscaler (ZS), Splunk (SPLK), Okta (OKTA), and CyberArk Software Ltd (CYBR). These industry leaders are well-poised to capitalize on the growing demand for cyber security solutions.
The remarkable +7.12% gain over the past month underlines Cyber Security's robustness and its pivotal role in safeguarding the digital landscape. With innovative solutions and a steadfast commitment to protecting vital data, the sector's trajectory remains promising. As technology continues to evolve, the need for reliable security measures only grows, ensuring a sustained growth story for the Cyber Security industry.
Ticker Insights: Unveiling Key Industry Players
In the realm of Cyber Security, several prominent tickers stand out as leaders in shaping the sector's growth and innovation. These companies have demonstrated remarkable performance and hold significant influence over the industry's dynamics. Let's delve into the insights of some of the most noteworthy tickers within this dynamic sector:
1. $PANW - Palo Alto Networks, Inc.
- Market Cap: $74.9B
- Price Movement: +8% Uptrend (08/02/23 - 09/04/23)
- Notable News: Insiders Sell-off – 4 insiders sold 83,325 shares for $20.2M in the week ending September 4, 2023.
- Fundamental Analysis: Valuation Rating: 75, P/E Growth Rating: 73, Price Growth Rating: 49, SMR Rating: 74, Profit Risk Rating: 61
- Insight: As a leader in the sector, PANW boasts a substantial market cap and has demonstrated consistent growth. The recent insider sell-off suggests a strategic move by insiders, potentially hinting at their confidence in the stock's current valuation.
2. $CRWD - CrowdStrike Holdings, Inc.
- Market Cap: (Market Cap)
- Price Movement: +5% Uptrend (08/27/23 - 09/04/23)
- Notable News: Uptrend Continuation – The 10-day Moving Average crossed above the 50-day moving average on August 31, 2023.
- Fundamental Analysis: (Fundamental Analysis Ratings)
- Insight: CRWD's upward trend is supported by its recent moving average crossover, indicating a potential buy signal. This aligns with its historical performance patterns, making it an attractive option for investors.
- Market Cap: (Market Cap)
- Price Movement: +8% Uptrend (08/27/23 - 09/04/23)
- Notable News: MACD Indicator Positive – ZS's MACD turned positive on August 29, 2023.
- Fundamental Analysis: (Fundamental Analysis Ratings)
- Insight: ZS's positive MACD signals a potential continued upward trend, echoing its past performance. This, combined with its recent price movement, underscores its growth potential.
- Market Cap: (Market Cap)
- Price Movement: +15% Uptrend (08/27/23 - 09/04/23)
- Notable News: MACD Indicator Positive – SPLK's MACD turned positive on August 24, 2023.
- Fundamental Analysis: (Fundamental Analysis Ratings)
- Insight: SPLK's positive MACD, coupled with its impressive recent uptrend, suggests a favorable outlook. Its solid fundamentals further support its potential as a growth stock.
- Market Cap: (Market Cap)
- Price Movement: +21% Uptrend (08/27/23 - 09/04/23)
- Notable News: Uptrend Continuation – The 10-day Moving Average crossed above the 50-day moving average on August 08, 2023.
- Fundamental Analysis: (Fundamental Analysis Ratings)
- Insight: OKTA's substantial uptrend is substantiated by its moving average crossover. With a history of upward trends following similar crossovers, OKTA presents a promising investment prospect.
6. $CYBR - CyberArk Software Ltd.
- Market Cap: (Market Cap)
- Price Movement: (Price Movement)
- Notable News: (Notable News)
- Fundamental Analysis: (Fundamental Analysis Ratings)
- Insight: (Insight)
These tickers collectively represent the vigor and potential of the Cyber Security sector. Their positive price movements, coupled with insightful fundamental analysis and unique news events, offer a comprehensive view of their current and projected performance. As the sector continues to evolve, these companies are well-poised to drive growth and innovation while protecting digital assets against ever-evolving cyber threats.
FTNT in -0.95% downward trend, declining for three consecutive days on September 19, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FTNT declined for three days, in of 248 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
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 100 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FTNT's RSI Oscillator exited the oversold zone, of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for FTNT just turned positive on August 25, 2023. Looking at past instances where FTNT's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
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 .
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 89, 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 (147.059) is normal, around the industry mean (21.163). P/E Ratio (45.455) is within average values for comparable stocks, (153.831). Projected Growth (PEG Ratio) (1.938) is also within normal values, averaging (2.682). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (9.634) is also within normal values, averaging (74.636).
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% | -0.48% | ||
| PANW - FTNT | 59% Loosely correlated | -0.37% | ||
| OTEX - FTNT | 57% Loosely correlated | -0.97% | ||
| DOCN - FTNT | 56% Loosely correlated | +0.88% | ||
| ALTR - FTNT | 55% Loosely correlated | -0.84% | ||
| GDDY - FTNT | 52% Loosely correlated | -0.68% | ||
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