ETF Explainer: HACK
The first cybersecurity ETF had a wild year.
Each month, we look at an ETF selected by ETF.com based on its performance and importance to investors. This month, we review the performance of the $1.4 billion ETFMG Prime Cyber Security ETF (HACK), which covers companies that provide cybersecurity technology and services. All the companies mentioned below are holdings in HACK.
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FEB 15 Cisco Systems reports its first year-over-year revenue growth since the second quarter of 2016 as well as announces increases in its dividend and share repurchase programs.
MAR 12 Data analytics firm Splunk’s CEO appears on Jim Cramer’s Mad Money to discuss his company’s data-driven approach as Splunk also completes a key acquisition.
MAY 11 Symantec’s share price plummets after the firm says its annual 10-K report could be delayed due to an internal investigation based on issues raised by a former employee.
JUL 27 Shares of Imperva fall a dramatic 15% the day after the company reports earnings below Wall Street expectations, despite an increase in year-over-year revenues.
NOV 8 Digital security service provider CyberArk Software sees its price soar after reporting record third-quarter revenues and raising full-year guidance.
DEC 24 U.S. stocks plunge on Christmas Eve amid a government shutdown and the president’s criticism of Fed Chairman Powell, with FireEye in particular falling more than 3%.
Source: Bloomberg; data for 12/29/2017 to 12/31/2018
