Stockchase Opinions

The Panic-Proof Portfolio (Stockchase Research) CyberArk Software Ltd. CYBR-Q BUY ON WEAKNESS Oct 13, 2020

Stockchase Research Editor: Michael O'Reilly CYBR is cybersecurity company that will benefit from remote and work-from-home environments. Its latest EPS of $0.42, exceeded expectations for $0.27. Recurring license revenue is up 25% on the year. The stock has been on a tear lately, so we would look to purchase on a pullback towards $107. Yield 0% (Analysts’ price target is $125.70)
$113.185

Stock price when the opinion was issued

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COMMENT
Software security space? PANW or CYBR would be his picks. Although CYBR stock prices just spiked on recent earnings, so he would wait for a pullback on that one.
COMMENT

He owns a little bit of FTNT still. A cyber security company that has been aggressive on the sales and marketing side. However, in this space he would prefer CYBR.

PAST TOP PICK
(A Top Pick Oct 01/19, Down 4%) A cybersecurity stock. Buy on current weakness. $125.70 is his target. Reasonable valuation and solid execution. Good revenue visibility.
WAIT
Leader in cybersecurity in the privileged access management segment. Security breaches are inherently becoming a real threat to businesses. He took profits. Wait for better entry point. Stock should get into the lower $150s-high 140s.
BUY ON WEAKNESS
Certainly a growing sector that will become more and more important. Recently started adding to this sector's exposure. With the recent correction, it is a good moment to add to your position.
BUY
Cybersecurity has been immune to swings in tech stocks. We should see good numbers from CYBR when they report Wednesday. CYBR is considered best in show; they serve the top executive level in business.
TOP PICK

Israel-based. Leader in privileged access management (PAM) segment of cybersecurity. PAM is where a lot of security breaches actually happen, either internally or with customers. Identity security, workforce identity, customer identity, secrets management. No dividend.

His price target is $320, about 15-16% from here. Buy here around $280, and add around $265, and $255. Shouldn't go under $250. Not cheap, but a beneficiary of the CRWD debacle. Similar to WiZ, which GOOG was going to buy.

(Analysts’ price target is $308.32)
BUY

A name to look at in cybersecurity.

WATCH

Another name he likes.