Cyberark Wins From A 'Blow-Out' And Obama; Others Gaining Too

Cyberark Software Ltd CYBR extended its gains on Friday in the wake of a fourth-quarter earnings blow-out, and the glow of a White House-sponsored conference on cyber security.

Cyberark, with dual headquarters in Israel and Newtown, Massachusetts, is up nearly 48 percent since posting results on Thursday, changing hands recently at $53.46, up $7.77.

Related Link: Cyberark Stomps Earnings

The company's 81 percent increase in fourth-quarter revenue might be helping to push other shares in the sector higher.
Vasco Data Security International, Inc. VDSI gained nearly 9 percent to $27.41; FireEye Inc FEYE changed hands recently up more than 5 percent at $41.71; and Cyren Ltd CYRN rose nearly 13 percent to $2.93 a share.

President Obama spoke at a cyber security conference in Palo Alto, California on Friday, where he signed an executive order directing private companies to share data with the U.S. government about threats.

Apple Inc AAPL's Tim Cook reportedly attended the conference, but absent were top executives from Google Inc GOOGL, Facebook Inc FB and Yahoo Inc. YHOO, Reuters reports.