Cybersecurity Stocks: Mixed Results in Q4 Earnings
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Cybersecurity stocks wrapped up their fourth quarter earnings with a mixed bag, as companies rush to the cloud for better performance and lower costs, making these defenses essential. Nine key players beat revenue estimates by 1.5% overall, but shares are down 13.6% on average since the reports dropped. CrowdStrike led with a 23.3% jump, while Rapid7 struggled with flat revenue and weak guidance, sending shares down 46.4%. Okta bucked the trend, up 11.6% with solid beats, lifting shares 10%. Despite dips, cybersecurity demand stays hot amid cloud shifts and rising hacks.
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