Why SailPoint Stock Was Cruising Higher This Week
The last several days have been very good to cybersecurity stocks.
Overview
Several prominent companies involved in cybersecurity and online identity management reported their latest quarterly earnings this week.
While identity security specialist SailPoint (NASDAQ: SAIL) wasn't one of them, its shares were getting a lift from what investors considered good performances from its peers. As of early morning Friday, SailPoint's stock was up nearly 10% week to date, according to data compiled by S&P Global Market Intelligence.
Details
Specifically, those peers were Okta and CrowdStrike Holdings, both of which reported their second-quarter figures after market close on Wednesday.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.