Today’s Research Reports on Trending Tickers: Cloudera and CyberArk Software

NEW YORK, NY / ACCESSWIRE / June 7, 2018 / U.S. equities closed in the green on Wednesday, as bond yields rose pushing financial sector higher. The Dow Jones Industrial Average jumped 1.40 percent to close at 25,146.39, logging its biggest one-day gain since April 10, while the S&P 500 Index climbed 0.86 percent to close at 2,772.35. The Nasdaq Composite Index was up 0.67 percent to close at 7,689.24.

”While investors continue to watch trade developments, it’s really the rise in bond yields that is supporting the market today. The indication that the ECB could reduce bond purchases as early as next week has allowed long-term rates to move up, and that’s driving financials higher, as higher rates support their outlook,” said Kate Warne, investment strategist at Edward Jones.

”We’re still in the stage of the economy where rising rates reflect stronger economic growth, as opposed to central banks trying to combat inflation. The ECB news is a relief rather than a worry,” Warne added.

RDI Initiates Coverage on:

Cloudera, Inc.
https://rdinvesting.com/news/?ticker=CLDR

CyberArk Software Ltd.
https://rdinvesting.com/news/?ticker=CYBR

Cloudera’s stock moved 0.47% higher Wednesday, to close the day at $17.18. The stock recorded a trading volume of 2,940,112 shares, which was above its three months average volume of 2,502,112 shares. In the last year, Cloudera’s shares have traded in a range of 12.57 – 23.11. The share price has gained 36.67% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $15.48 is below its 200-day moving average of $17.13. Shares of Cloudera have gained roughly 14.23 percent in the past month and are up 4 percent year-to-date.

Access RDI’s Cloudera, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CLDR

On Wednesday, shares of CyberArk Software recorded a trading volume of 715,466 shares, which was above the three months average volume of 394,818 shares. The stock ended the day 3.06% higher at $64.33. The share price has fallen 0.16% from its 52 week high with a 52 week trading range of 39.34 – 64.43. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $57.56 is above its 200-day moving average of $49.32. Shares of the company are trading at a Price to Earnings ratio of 156.52. Shares of CyberArk Software have gained roughly 11.74 percent in the past month and are up 55.42 percent year-to-date.

Access RDI’s CyberArk Software Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=CYBR

Our Actionable Research on Cloudera, Inc. (NYSE: CLDR) and CyberArk Software Ltd. (NASDAQ: CYBR) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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