Cybersecurity ETFs Maintain Strength On Solid Q2 Earnings

Check Point Software Technologies (CHKP - Free Reportposted earnings per share of $1.58, outpacing the Zacks Consensus Estimate by 11.27%, and revenues of $506 million, which also came above the consensus mark of $486 million. On a year-over-year basis, earnings grew 15% while revenues were up 4%. The company did not offer any guidance due to the COVID-19 pandemic.

CyberArk Software (CYBR - Free Reportoutpaced the Zacks Consensus Estimate by 325% for earnings. Revenues of $106.5 million came in above the consensus mark of $101 million. Earnings per share were lower than the year-ago figure of 59 cents while revenues grew 6.3%. The company expects earnings per share of 19-33 cents and revenues of $107-$115 million for the third quarter.

ETFs in Focus

Given the string of earnings beat, ETFMG Prime Cyber Security ETF (HACK - Free Report)First Trust NASDAQ CEA Cybersecurity ETF (CIBR - Free Reportand Global X Cybersecurity ETF (BUG - Free Reporthave gained 2.3%, 0.8%, and 0.9%, respectively, over the past 10 days. Below we have highlighted them in detail:

HACK in Focus

The fund provides global exposure to the cybersecurity industry comprising companies that offer hardware, software, consulting and services to defend against cybercrime. It tracks the Prime Cyber Defense Index, holding 58 securities in its basket. It is well spread out across components with the in-focus five firms accounting for nearly 3% share each. From an industrial look, software & IT services accounts for 90.1% of the portfolio while communication & networking, and aerospace & defense round off the next two. The fund has amassed $1.5 billion in AUM and charges 60 bps in fees per year. Volume is solid as it exchanges nearly 178,000 shares in hand per day.

CIBR in Focus

This ETF has accumulated nearly $2.1 billion in its asset base and charges 60 bps in annual fees. It trades in a moderate average daily volume of around 455,000 shares. The fund follows the Nasdaq CTA Cybersecurity Index, which measures the performance of companies engaged in the cybersecurity segment of the technology and industrials sectors. In total, the product holds 44 stocks in its basket with the in-focus firms accounting for around 3% share each.

View single page >> |

Disclosure: contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.