Shares of security solutions vendor Qualys (QLYS, $25.67) have rebounded 51% from the February 9 low of $16.96. 

The stock is approaching its 50-day moving average, which is trending downward from $27.74. There is short-term resistance at $27.42 and $29.78.

Qlik Technologies (QLIK, $23.05) today rose 4.6% on above-average volume. For the week, the stock gained 13.5%. 

From the February 12 pivot low of $15.77, Qlik has rebounded 46%. The RSI is rising from 52.5. But the shares are still off 27% YTD.

The 50-day moving average is trending downward from $25.78.

Pacific Crest maintains its Palo Alto Networks (PANW, $147.99) price target of $190, saying the company’s success across the board demonstrates a paradigm shift in security. Last night, Palo Alto delivered fiscal Q2 (Jan.) revenue growth of 54% and billings growth of 62%. 

The company’s platform solution continues to resonate with customers and drive meaningful market share gains, says the firm. Palo Alto is having success with its core offering and newer add-on solutions.

RBC Capital raises its Splunk (SPLK, $38.53) price target to $60 from $56 following last night’s strong fiscal Q4 report. Revenue in the January quarter rose 49% to $220 million. 

For FQ1, Splunk sees revenue of $172 million to $174 million, above the consensus of $170.7 million.  RBC expects Splunk to continue to cause disruption across the data analytics segment, particularly related to security use cases.

UBS says Salesforce (CRM, $69.25 pre market, +10.8%) in FQ4 showed broad-based strength across products and geographies. The firm has a price target of $92, calling Salesforce a core holding for the new generation of cloud-based software.

The firm believes Salesforce has attractive characteristics that can help sustain momentum:

1-Critical mass ($6 billion+ of FY’16 revenue; annual run rate could pass $10 billion by FQ4’18)

2-Predictable revenue stream (93% of total from subscriptions & support)

3-Healthy cash flow generation (FY’16 CFFO of $1.6 billion was 24% of revenue)

4-Unique customer-focused culture and rapid innovation (elevating CRM to a strategic partner level with clients)

5-Disciplined execution (attrition rate of less than 9%)

Salesforce (CRM, $62.50) reports fiscal Q4 (Jan.) EPS of 19 cents, in line with the consensus estimate, on revenue of $1.81 billion (+25% y/y), vs. the consensus of $1.79 billion. 

Deferred revenue rose 29% to $4.29 billion and unbilled deferred was up 25% to $7.1 billion. 

For FQ1, Salesforce expects EPS of 23 cents to 24 cents (the consensus is 21 cents) on revenue of $1.885 billion to $1.895 billion (the consensus is $1.86 billion).

In after-hours trading, Salesforce shares are up 6.8% to $66.80.

A few small-cap security names this morning are showing relative strength:

Rapid7 (RPD) +3.2%

VASCO Data Security (VDSI) +1.1%

Gigamon (GIMO) +0.9%

Qualys (QLYS) +0.9%

Varonis Systems (VRNS) +0.1%

Shares of Arista Networks (ANET, $66.20) today are showing relative strength, gaining 1.2%. The stock is sitting just above its 50-day moving average of $65.94. There is short-term resistance at $67.25.

Arista shares sport an RSI of 59.1 after the 26% rebound off of the February 9 low of  $52.51.

Yelp (YELP, $18.26) shares today are rallying 3%+ after a Tigress Financial upgrade to ‘Buy’ based on an attractive risk/reward profile. The firm  believes Yelp has the ability to continue to win share in the local ad market.

Yelp stock has rebounded 25% from last week’s low of $14.53.

Susquehanna remains positive on Western Digital (WDC, $44.41), reiterating its price target of $85. The firm believes Western Digital’s pending acquisition of SanDisk (SNDK, $69.46) will allow it to de-risk client SSD cannibalization of HDDs and perhaps even benefit from it. 

Susquehanna says client SSDs offer the following advantages over HDDs: 

1-More favorable revenue per unit

2-Higher gross margin

3-Better operating margin profile

In Q4, Wellington Management increased its ServiceNow (NOW, $55.43) position to 5.68 million shares, adding 2.07 million shares (+57%). The firm was the #1 buyer in the December quarter and is now the #5 holder.

Fidelity, the #3 holder, purchased 1.26 million shares, taking it position up to 10.87 million shares.

JP Morgan remains positive on CyberArk Software (CYBR, $34.47), saying the stock is undervalued relative to the company’s growth outlook. For 2016, the consensus revenue estimate of $205.5 million represents growth of 27.8%. The firm maintains its price target of $48.

On Friday, the stock hit a 52-week low of $31.50.

Shares of cybersecurity solutions vendor FireEye (FEYE, $13.21) today rebounded 10% in heavy trading. More than 11.1 million shares changed hands, just over double average daily volume during the past three months.

In Q4, Citadel Advisors increased its FireEye holdings by 172%, adding 638K shares. The firm now owns 1 million shares. Ameriprise Financial bought 595K shares and now owns 609K shares.

Shares of Facebook (FB, $102.27) are trying to retake the 50-day moving average at $103.06 following the sharp pullback from the all-time high of $117.59 reached on February 2. 

On Tuesday, the stock traded down to $96.82, although it remained above the upwardly sloping 200-day moving average of $94.44.

Visa has taken a 9.99% stake in mobile payment processor Square (SQ, $8.62). The credit card company owned 3.52 million shares.

Square went public in November at $9 a share. The stock opened for trading the first day at $11.20. A post-IPO low of $8.06 was reached on February 3.

In pre-market trading, Square shares are up more than 15% to $9.90.

CyberArk Software (CYBR, $33.62 after hours, -8.4%) shares are down more than 8% after hours even though the provider of cybersecurity solutions reported excellent Q4 results, with revenue up 42% to $51.5 million, well above the consensus estimate of $43.9 million.

The disconnect can be tied to guidance for the year. While the company offered 2016 revenue guidance of $205 million to $207 million (above the consensus of $202.3 million), that translates into growth of 27% to 29%, below the consensus growth rate estimate of 32%.

The company’s 2016 top-line outlook simply doesn’t reflect the Q4 outperformance, which drove up 2015 revenue growth to 56%.

B. Riley upgrades Akamai Technologies (AKAM, $46.25 pre market, +16.8%) to ‘Buy’ with a price target of $60 following last night’s solid Q4 report. The firm says the current valuation reflects the risks in the Media unit.

The firm also points out Akamai announced a new $1-billion share buyback authorization, effective through December 2018.

Akamai Technologies (AKAM, $39.57) reports Q4 EPS of 72 cents, 10 cents above the consensus estimate (four cents above excluding a one-time benefit), on revenue of $579 million (+8% y/y), above the consensus of $568.7 million. 

The Performance & Security unit (49% of total revenue) drove the Q4 upside, delivering growth of 16% (+19% adjusted for FX).

For Q1, the company expects revenue of $554 million to $570 million (the consensus is $567.1 million) and EPS of 61 cents to 64 cents (the consensus is 61 cents).

Akamai shares are up 15% after hours.

Hilliard Lyons upgrades Electronic Arts (EA, $58.75) to ‘Buy’ with a price target of $67 following the recent weakness. EA shares at yesterday’s low of $53.01 (the 52-week low) were off nearly 23% YTD. 

The firm says EA has a solid portfolio of franchise games and is benefiting from positive growth trends associated with the shift to digital content.

Shares of Apple (AAPL, $95.01) today showed relative strength, gaining 1%. In comparison, the Nasdaq Composite closed down 1.8% at 4283. 

Today’s low for Apple of $93.04 was above the January 28 low of $92.39 and the August 24 low of $92 (the 52-week low).

MoffettNathanson lowers its Netflix (NFLX, $89.71) price target to $85 from $98, saying the relatively weak Q1 domestic subscriber guidance may portend that 60 million subscribers is an upper boundary. 

In addition, while domestic contribution margins will likely exceed 40% ahead of plan, the shift of content spending to new markets will depress international margins, according to the firm. 

MoffettNathanson maintains its ‘Neutral’ rating, as it believes investors no longer see Netflix as invincible.

Shares of LinkedIn (LNKD, $135.41 after hours) are down more than 29% after hours because of weaker-than-expected guidance for the year. 

The company sees 2016 EPS of $3.05 to $3.20 (below the consensus of $3.67) on revenue of $3.6 billion to $3.65 billion, vs. the consensus of $3.91 billion.

For Q1, LinkedIn looks for EPS of 55 cents (below the consensus of 74 cents) on revenue of $820 million, vs. the consensus of $866.9 million.

In Q4, EPS of 94 cents beat the consensus by 16 cents, while revenue of $862 million (+34% y/y) came in above the consensus of $857.6 million.

Piper Jaffray believes the TripAdvisor (TRIP, $62.77) risk/reward balance is now favorable. The firm says the slowdown in travel is already reflected in the stock price and concerns regarding the magnitude of the upcoming 2016 guide-down are overblown. Piper maintains its price target of $120.

TripAdvisor shares ended 2015 at $85.25.

Shares of Ultimate Software (ULTI, $185.33) today rose 7.4% on heavy volume. The stock hit a high of $193.38 early in the session.  

Last night, the provider of cloud-based HR/HCM solutions reported strong Q4 results, issued upside revenue guidance for Q1 and raised its 2016 growth outlook.

From the all-time high of $216.27 reached in early November, Ultimate shares had fallen 23.5% at the January 20 low of $165.42.

JMP Securities believes Salesforce (CRM, $64.70) shares offer upside potential based on the company’s strong tone of business and expanding addressable market. The firm maintains its price target of $90.

JMP says new products should open up a number of incremental market segments, including field sales management (TAM of ~$1.3 billion) and configure/price/quote (a $2.8-billion opportunity).

Salesforce shares are down 17.5% YTD.

Canaccord Genuity remains positive on Salesforce (CRM, $64.52), saying the company can continue to grow revenue more than 20% and earnings more than 25% annually. The firm maintains its price target of $95.

Salesforce yesterday named Keith Block its new COO. Prior to joining Salesforce in June 2013, Block was head of Oracle’s North America sales unit.

Ultimate Software (ULTI, $172.52) reports Q4 EPS of 83 cents, 10 cents above the consensus estimate, on revenue of $170.7 million (+26% y/y), vs. the consensus of $169.1 million. Recurring revenue advanced 26%.

For Q1, Ultimate, a provider of cloud-based HR/HCM software, expects revenue of $180 million, above the consensus of $179.1 million.

Ultimate raises its 2016 revenue growth outlook to +25% from previous guidance of +23%. The company this year expects recurring revenue growth of 26%, acceleration from growth of 23% in  2015. Last year, total revenue rose 22% to $618.1 million.

Deutsche Bank lifts its Alphabet (GOOGL, $770.77) price target to $1,080 from $900 based on the Q4 strength in the core Google franchise, calling out the search business as a scarce undervalued asset.

In pre-market trading, Alphabet shares are up 5%.

Alphabet (GOOGL, $814 after hours, +5.6%) reports Q4 EPS of $8.67, 57 cents above the consensus estimate, on revenue of $21.33 billion (+18% y/y), vs. the consensus of $20.77 billion.

Paid clicks in Q4 rose 31%, while CPC fell 13%.

In 2015, the company’s “Other Bets” lost $3.57 billion on revenue of $448 million.

In after hours trading, Alphabet shares are up more than 5%.

Alphabet is a long-term holding in the Tech-Stock Prospector Vulture Portfolio, added in May 2010 when the stock traded at $249.63.