In 2015, the hallmark of cyber security stocks has been the monstrous increase in trading volumes. Obviously, more hackers and more “visible” attacks have lead to more government and media attention… and this has lead to more interest in select cyber security stocks.
The demand for this industry (and its stocks) shows up in the PureFunds Cyber Security ETF (HACK), which continues to hit 52 week highs (see chart below). Note the measured move to 32 out of the prior two month base.
Cyber Security ETF (HACK) Daily Chart
Now let’s dig into the sector and take a longer term look at some notable cyber security stocks with earnings reports this week.
FireEye (FEYE) has done a great job positioning themselves as a thought leader in the industry. Shares are doing some base building after a strong 25% move out of a 10 month base.
FEYE reports earnings on Thursday night. According to Estimize, the current Wall Street consensus for FireEye is -$0.51 per share on $121.58 million in revenue.
FEYE Daily Stock Chart
Radware (RDWR) has recently broken out of a symmetrical triangle after breaking out of a nearly 4 year compression. The 28-30 area is being targeted by both breakouts.
RDWR reports earnings are Thursday morning. According to Estimize, the current Wall Street consensus for Radware earnings is $0.22 per share on $57.38 million in revenue.
RDWR Daily Stock Chart
Barracuda Networks (CUDA) is one of the cyber security stocks that has seen a massive increase in trading volume. And this comes as it breaks to all time highs. A test of the 40-41 area would be almost too perfect.
CUDA reports earnings on Monday night. According to Estimize, the current Wall Street consensus for Barracuda Networks earnings is $0.06 per share on $71.76 million in revenue.
CUDA Daily Stock Chart
Life Lock (LOCK) has formed a massive symmetrical triangle after tripling in price post IPO. A break in either direction may indicate the long term future for the stock.
LOCK reports earnings on Wednesday night. According to Estimize, the current Wall Street consensus for Life Lock earnings is -$0.07 per share on $133.52 million in revenue.
LOCK Daily Stock Chart
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No position in any of the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
