welcome
Investor's Business Daily

Investor's Business Daily

Business

Business & Economics

Cybersecurity Firms Cloudflare, CyberArk Advance Amid Chinese Hacks Cybersecurity Firms Cloudflare, CyberArk Advance Amid Chinese Hacks

Investor's Business Daily
Summary
Nutrition label

88% Informative

Goldman Sachs upgrades Cloudflare stock to buy from sell.

Goldman Sachs report points to recent " Salt Typhoon " Chinese hacking incident as likely driving higher cybersecurity spending.

CyberArk stock also rose amid an upbeat research note from Morgan Stanley .

Cloud flare stock rose 6.6% to 114.77 on Thursday .

Meanwhile, CyberArk shares rose 2.2% to 340.63 .