On August 27, First Trust NASDAQ Cybersecurity ETF rose 5.39% in regular trading, trading at $98.39/share, with turnover of $32.98 million.
On the news front, cybersecurity leader CrowdStrike reported Q2 fiscal results that exceeded market expectations, while real-world cybersecurity incidents further highlighted sector demand. CrowdStrike posted Q2 adjusted EPS of $0.31, beating the consensus estimate of $0.29 by 6.9%, while revenue came in at $1.471 billion versus the $1.44 billion expected, representing a 25.6% year-over-year increase. The company raised its full-year fiscal 2027 revenue guidance to $5.99-$6.01 billion, above the prior consensus of $5.94 billion. Goldman Sachs subsequently raised its CrowdStrike price target from $208 to $230. Additionally, Manchester Airport Group suffered a cybersecurity breach resulting in customer data theft, and multiple global pharmaceutical companies were hit by network intrusions, underscoring persistent demand for cybersecurity solutions. Within the ETF, CrowdStrike surged 10%, Okta rallied over 21%, and Palo Alto Networks gained over 4%.
The fund normally invests at least 90% of its net assets in common stocks and depositary receipts comprising the Nasdaq Cybersecurity Index, which includes securities of companies classified as cyber security companies by CTA. The fund is non-diversified.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)