One of the companies that announced this week - CyberArk has done a tremendous job at posting sector leading growth and getting its billings growth back on track after a worrying deceleration last quarter that hurt the stock.
I know this was a try out position for Saul a few months ago and I’d like to see him renew his interest in this stock as a genuine investment contender.
With the share price drop and the revenue and earnings growth, historical P/E is at 60 and prospective at 35 which is as reasonable as I can remember it.
In the meantime - here’s a useful review of the announcement results.
http://seekingalpha.com/article/4019696-cyberark-going-accor…
Announcements and Transcript here…
http://seekingalpha.com/pr/16656111-cyberark-announces-stron…
http://seekingalpha.com/article/4019115-cyberark-softwares-c…
I continue to hold along with Imperva, Qualys and PANW in this sector.
Ant