You can add online “dating” site Ashley Madison to the long list of businesses that have fallen victim to costly and embarrassing hacks. Since Target (TGT) was exposed last winter, it seems as though each month brings another story of individuals’ private information being stolen. It’s in this environment that one of the fastest-growing industries has become cybersecurity. As recently as a decade ago, this would have been a relative afterthought. Now? Any major corporation that isn’t taking serious time to consider how they approach the issue is asking for trouble.
It’s in this environment that the Equities.com Research Team took a closer look at Israeli cybersecurity firm CyberArk (CYBR) . The cybersecurity business is one of tremendous opportunity, rapid growth, and huge risk. Companies need to constantly reinvent themselves to stay ahead of hackers, and their brand can quickly be destroyed in a single high-profile leak.
The company presents some unique difficulties in terms of valuation, with a lack of comparable companies within their industry being a major one. However, the report ultimately unearths a number of reasons for optimism with regards to the company’s future, despite the considerable risk inherent to its industry. Visit the Research Section at Equities.com and download the entire report to find out what our Quantitative Analysts see in this stock that has them so bullish.
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