It has been a record year... for cyber extortion. Orange Cyberdefense data, detailed in a Bloomberg article this week, reveal that there have been four straight quarters of increased corporate victims of hacks and financial blackmails. Major recent cyberattacks include those on MGM Grand, Clorox, Boeing, and China’s ICBC just this year alone. It is all good news...
CIBR seems to be making a M-pattern & is now at 39, a 50% retracement. If the yellow zone does not hold 39, then the next will be the 0.618 pivot support at 34 which is also a 200% retracement of the latest rally. 34 is also located near the base of my slanted FIB CHANNEL. 34 may be the bottom of the ABC correction & the start of a new 5 wave uptrend inside this...
"Because of the rise of remote working, cyberattacks have grown exponentially in recent months, with the FBI reporting a 400% increase in complaints in April versus March, as attackers hope to expose weaknesses in an organization's business continuity strategy" Fundamental difference between some of the biggest cyber-security companies: CrowdStrike's (CRWD)...
FUNDAMENTAL PANW earnings guidance lagged its forecast, creating a 12% decline after hours. Palo Alto said that it has agreed to acquire Aporeto, a machine identity-based micro-segmentation firm, for $150 million in cash. The company said its earnings projections include net expenses related to the proposed acquisition. TECHNICAL Both the 50sma...
I am looking to enter a position in VMW, as it just crossed the 200SMA with good volume, and an uptrend RSI and OBV. They report earnings November 26th, 2019; after hours. So be aware of the event. We will get a better understanding of how much it will move closer to earnings. CIBR, which is an ETF of cyber-security is trending higher. Analysts have a bullish...
We are becoming more and more dependent on the internet. Along with this increased dependence the social desire for cyber defense will grow. Even at high costs the demand and necessity will be strong. A single company will not monopolize security of the internet - it's too big and too complex - but I do think a broad index of companies building the "immune system...