NASDAQ:CIBR - Nasdaq - US33734X8469 - ETF - Currency: USD
Analysts trimmed price targets due to softer recurring revenue growth and cautious longer-term outlooks amid evolving AI strategies.
The results exceeded the Finchat-compiled consensus estimates of $0.77 and $2.28 billion, as well as the company’s own guidance from mid-February.
Sabre expects to receive approximately $960 million in net proceeds after taxes and fees once the deal wraps.
Funding for a cybersecurity program considered important for the sector was nearly lost before an extension was reached.
With cybersecurity attacks mounting, companies are spending more money on defensive measures; these firms are among the leaders in the industry poised to gain.