It looks as though cybersecurity is back in vogue again with OKTA beating analyst’s expectations. Is it time to buy into the sector? Sep-08-18 Tech Stocks This Week: Workday Slides, Broadcom Jumps, and More Motley Fool Okta, Palo Alto Networks drive cybersecurity gains on anniversary of Equifax hack disclosure MarketWatch Sep-07-18 What Happened in the Stock Market Today Motley Fool +19.47% Okta to Present at the Deutsche Bank Technology Conference Business Wire
Cybersecurity is a funny industry because without cyber attacks it can be a difficult sell. However, the more cyber attacks there are, the more people begin to doubt the quality of cyber security software already out there. Very difficult! However, looking purely at the graph this one has been improving for some time.
Cybersecurity has been seen as a waste of money by many businesses in recent times but that opinion is slowly changing. Tighter laws and a need to ensure customer's that their data is safe is making many think again. Looking from a top down approach I would say the sector is back in favour
Has the mix of director share sales and market volatility created a buying opportunity with this one? https://www.nmsunews.com/2018/10/23...here-okta-inc-okta-real-goods-solar-inc-rgse/
Cyber security is not going away. Ill-advised director sales in a choppy market have not done the share price any favours. Certainly want to watch.
This one seems to have slipped out of the recent uptrend very quickly! Is it just market jitters or is there more behind this than meets the eye?
Any concerted bounce over $64 and this share is back in an uptrend - it is highly likely that cybersecurity company share prices will be volatile in the future. It is going to be a very crowded and very competitive area of the market. Maybe the key to making money in this sector is finding the quality companies which will be taken out by their larger competitors. Which ones are causing a stir in the market? Which ones are getting under the skin of the big players?
Stuck in a tight range at the moment but I expect the shares to push through resistance and move back towards the $70 a share level.
