Performance Recap for Swing Trade positions

Below is the performance of swing trade recommendations for the months of Aug, Sep and Oct.

For the 3 months, we logged 32 wins and 4 losses - these results are because of a trending market up. I cant take credit for it all.

Please always remember my strategy

When markets are down, I tend not to trade too much. I was 80% cash in my swing trading portfolio. I also gave all my paid subscribers a call to go to cash on July 28th - it was publicly mentioned, so you can check my calls.

The cumulative Q3 portfolio gain on swing trades was 112%

The cumulative gains for the swing trade portfolio for 2023 (YTD) is 167%

Cybersecurity Mid Cap performer in the Privilege Access Management Space - CyberArk $CYBR

CyberArk, is a global leader in Identity Security. This in-depth overview delves into the company's history, its product offerings, financial performance, and future challenges.

Company Origins and Mission:

CyberArk, founded in 1999 by Udi Mokady and Leon Erlanger, emerged from the recognition that privileged access – the keys to critical systems – is often the weakest link in cybersecurity. Their mission: to secure identities – both human and machine – and prevent unauthorized access.

Products & Solutions:

CyberArk's core offering revolves around Privileged Access Management (PAM), a comprehensive suite of technologies that:

• Discover & Inventory: Identifies and maps privileged accounts and credentials across hybrid and multi-cloud environments.

• Vault & Secure: Stores and manages privileged credentials securely, preventing unauthorized access.

• Elevation & Control: Provides secure access to privileged accounts using multi-factor authentication and Just-in-Time (JIT) provisioning.

• Monitor & Analyze: Delivers real-time visibility into privileged activity and detects suspicious behavior.

• Automate & Orchestrate: Streamlines and automates PAM tasks, minimizing operational overhead.

Beyond PAM, CyberArk extends its reach with solutions like:

• Identity Security Platform: A unified platform encompassing PAM, Identity Governance and Administration (IGA), and Endpoint Privilege Management (EPM).

• Cloud Security: Secures access for human and machine identities throughout the cloud lifecycle.

• DevOps Security: Integrates seamlessly with the DevOps pipeline to secure privileged access for CI/CD workflows.

Headquarters & Global Reach:

CyberArk's headquarters reside in Newton, Massachusetts. With offices in over 10 countries and a network of authorized partners, it serves over 8,000 clients worldwide. These include:

• More than 50% of the Fortune 500 companies

• 35% of the Global 2000 companies

• Leading organizations across industries like finance, healthcare, energy, retail, and government

Financial Performance:

CyberArk has navigated the cybersecurity market with consistent growth:

• Revenue: From $658 million in 2020 to $1.23 billion in 2023 (Q3).

• Employee Growth: Over 2,400 employees, steadily increasing.

• Stock Performance: Strong growth, reaching an all-time high in July 2023.

Key Issues for 2024:

• Intensifying Competition: Growing competition from vendors like Microsoft and SailPoint demands continuous innovation and differentiation.

• Macroeconomic Factors: Potential global economic slowdown could impact IT budgets and affect growth.

• Evolving Threat Landscape: New attack vectors and vulnerabilities necessitate constant adaptation and development of security solutions.

• Cloud Security Focus: Integrating seamlessly with diverse cloud environments and catering to hybrid cloud setups is crucial.

• Meeting Talent Needs: Attracting and retaining top cybersecurity talent remains a critical challenge.

The Road Ahead:

CyberArk stands at a crossroads. Addressing these challenges requires strategic action:

• Continued Innovation: Investing in R&D, developing advanced security features, and staying ahead of the curve.

• Partnerships & Acquisitions: Collaborating with industry leaders and exploring strategic acquisitions to bolster offerings.

• Customer Focus: Prioritizing customer success, providing excellent support, and building strong relationships.

• Cloud-First Approach: Tailoring solutions for the cloud-centric future and offering seamless integrations.

• Developing Next-Gen Talent: Nurturing talent within the company, fostering diversity, and building a strong employer brand.

In this video I provide the swing trade opportunity in Cyberark