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CyberArk Distances Itself From FireEye as Stock Takes a Beating

  • Rival FireEye blamed `lull' in cyber attacks for revenue miss
  • CyberArk now down 2% this year after rallying as much as 86%
Updated on

Try telling investors a dearth of high-profile data breaches won’t hurt security software companies bent on eliminating cyber threats.

That’s exactly what Udi Mokady, the 47-year-old chief executive of CyberArk Software Ltd. relayed in meetings in New York and San Francisco last week -- as well as on CNBC’s Mad Money -- after peer FireEye Inc. said a lull in attacks and a U.S.-China deal to ban cyber espionage were partly to blame for disappointing earnings. Its shares tumbled 23 percent the next day, dragging CyberArk and others down with it.