CyberArk: Beaten-Up Tech Play

Summary
  • CyberArk to benefit from Twitter hack.
  • The company recently pulled guidance due to COVID-19, providing upside to forward guidance after analysts have gotten too negative.
  • The stock has upside back to 2019 highs near $150 with the tech sector remaining hot.

The one stock to possibly benefit from the cyber attack on Twitter (TWTR) is CyberArk (CYBR). The privileged access management, or PAM, security provider is a leader in the space. My investment thesis remains bullish on buying the stock on this dip after the company pulled guidance due to unknown impacts from the coronavirus.  more

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