Last week, some Microsoft SharePoint servers were found uploading web shells instead of documents due to the ToolShell exploit chain, allowing attackers remote control. Eye Security alerted the unusual file on a client’s server. Thousands of organizations worldwide use SharePoint, highlighting the increasing danger of hackers in the cybersecurity realm.
CyberArk Software specializes in privileged access management, with Q1 revenue up 43% to $318 million and annual recurring revenue exceeding $1 billion. Broadcom acquired Symantec in 2019, with infrastructure software growing 47% year-over-year to $6.7 billion in Q1. Zscaler, a cloud-based cybersecurity company, saw fiscal Q3 revenue rise 23% to $678 million and holds over $3 billion in cash.
CyberArk Software, Broadcom, and Zscaler are top cybersecurity stocks showing positive price action following recent exploits. CyberArk’s Q1 revenue increased 43% year-over-year, while Broadcom’s infrastructure software grew 47% in Q1. Zscaler exceeded expectations with fiscal Q3 results, with a mean price target of $310.33.
Read more at Yahoo Finance: 3 Top Cybersecurity Stocks to Buy Now
