CyberArk Stock Jumps On Better Sales Execution, Alarm.com Stock Rises
Summary
CyberArk Software ( CYBR ) shares jumped Thursday after the company reported third-quarter earnings that topped estimates and issued a better-than-expected forecast for the current quarter.X"We believe the company is executing extremely well, following the miss in Q2, 2017," Piper Jaffray analyst Andrew Nowinski said of CyberArk earnings in a report to clients."Strength in the third quarter was driven by improved execution, a simplified pricing model, third-party distribution leverage, and upsell opportunities," William Blair analyst Jonathan Ho said in his note to clients.Hackers often aim to compromise networks by targeting employees or management with administrative access to company computer systems."Alarm.coms impressive Q3 performance was driven by strong core business results as well as better-than-expected video camera sales," Credit Suisse analyst Kevin McVeigh said of Alarm.com stock in his note.
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