10 April, 2015 by The TZ Newswire Staff Comments Off on IPO Stock CyberArk Aims To Crack New Buy Point
IPO Stock CyberArk Aims To Crack New Buy Point
The rise of cloud computing and the Internet of Things (IoT) revolution guarantees two things: more sophisticated cyberattacks and more demand for cybersecurity products like those from CyberArk Software (CYBR). That’s one reason why the security software industry group, which also includes Palo Alto Networks (PANW) and Qualys (QLYS), ranked No. 5 among IBD’s 197 groups as of Friday’s edition.
10 April, 2015 by The TZ Newswire Staff Comments Off on Cuba Remains Largely Off-Limits To Investors For Now
Cuba Remains Largely Off-Limits To Investors For Now
President Obama was in Panama on Friday, set to meet with leaders from around the Americas, including Cuban President Raul Castro. In December, Obama and Castro announced efforts to reduce tension and increase trade and travel between their countries. Cuba is one of four nations listed by the State Department as a sponsor of terrorism, a designation that carries automatic economic sanctions.
10 April, 2015 by The TZ Newswire Staff Comments Off on Networking Industry Group Catches Fire
Networking Industry Group Catches Fire
The computer networking industry group has shot up in IBD’s rankings, where it’s leaped about 100 spots in just three weeks. The group was No. 52 out of 197 groups as of Friday’s IBD, soaring from No. 147 three weeks earlier. Despite the heady advance, a few high-rated stocks in the group are consolidating in new bases. QLogic (QLGC), a key supplier to network-gear makers, is shaping a flat base with a buy point at 15.41.
10 April, 2015 by The TZ Newswire Staff Comments Off on Declining Rigs, Iran Comments Push Oil Higher
Declining Rigs, Iran Comments Push Oil Higher
Oil capped the longest stretch of weekly gains since February 2014 as Iran disputed the framework for a nuclear deal with world powers that would allow the OPEC member to boost crude exports. Futures extended their advance on Friday as the U.S. oil rig count dropped to its lowest since December 2010, paving the way for slower production in the coming months.
10 April, 2015 by The TZ Newswire Staff Comments Off on Spotify nears deal to raise $400 million at $8.4 billion valuation
Spotify nears deal to raise $400 million at $8.4 billion valuation
Spotify AB heads back to the funding well for a seventh time, nearing a deal to raise $400 million in a round valuing the music-streaming service at $8.4 billion, according to people familiar with the matter.
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10 April, 2015 by The TZ Newswire Staff Comments Off on Spotify now valued at $8.4B: DJ, citing sources
Spotify now valued at $8.4B: DJ, citing sources
Spotify investors value the site at $8.4 billion according to sources, reports Dow Jones.
10 April, 2015 by The TZ Newswire Staff Comments Off on Stocks End Week With Big Gains; Nasdaq Looking Up At 5000
Stocks End Week With Big Gains; Nasdaq Looking Up At 5000
Stocks wrapped up a strong week on a positive note Friday. The Nasdaq closed up 0.4%, the S&P 500 added 0.5%, and the Dow Jones industrial average led with a 0.6% gain. The Nasdaq moved to within a fraction of 5000 in the stock market today, a level where it twice hit resistance in March. Preliminary data showed volume lower on both major exchanges. General Electric (GE) was the star of the Dow, surging 11%.