Tuesday, 16 June 2015

Cybersecurity stocks keep rallying; hacking incidents keep getting ink

  • Though the Nasdaq is down 0.4%, security tech plays CyberArk (CYBR +7%), FireEye (FEYE +2.6%), Proofpoint (PFPT +4.1%), Zix (ZIXI +2.8%), Vasco (VDSI+5.7%), and Qualys (QLYS +4.7%) are turning in strong days. All of the names except for Proofpoint and Qualys have made new 52-week highs … and Proofpoint is less than a dollar away from doing so.
  • No major news is propelling the gains, but the massive federal personnel records hack first disclosed on June 4 continues to get plenty of media and politicalattention. Meanwhile, Russia’s Kaspersky Lab has reported hackers used an updated version of the Duqu virus (linked to Israel) and a digital certificate from contract manufacturer Foxconn to spy on Iranian nuclear talks.
  • ETF: HACK

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