CyberArk distances itself from FireEye as stock takes a beating
Former's CEO tells investors lull in data breaches won't hurt security software firms bent on eliminating cyber threats
Add BT as a preferred source
New York
TRY telling investors a dearth of high-profile data breaches won't hurt security software companies bent on eliminating cyber threats.
That's exactly what Udi Mokady, the 47-year-old chief executive of CyberArk Software Ltd relayed in meetings in New York and San Francisco last week - as well as on CNBC's Mad Money - after peer FireEye Inc said a lull in attacks and a US-China deal to ban cyber espionage were partly to blame for disappointing earnings. Its shares tanked 23 per cent the next day, dragging CyberArk and others down with it.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Should developers build more one-bedroom condo units?
