Amid market volatility, the cybersecurity industry is riding high on better-than-expected earnings, which pushed many stocks to multi-year highs. This is especially true as most of the cybersecurity firms beat the Zacks Consensus Estimate on both earnings and revenues and offered robust guidance.

Let’s dig into the earnings results of some of the cybersecurity firms that have the largest allocation to the ETFs in this niche area of the technology sector:

Cyber Security Earnings in Focus

Akamai Technologies (AKAM – Free Report) reported Q4 earnings per share of 69 cents and revenues of $663 million, outpacing the Zacks Consensus Estimate of 63 cents and $647 million, respectively. On year-over-year basis, earnings were down 4.2% while revenues were up 8%. For the first quarter of 2018 and full year, the company expects earnings per share in the range of 67-70 cents and $2.90-$3.00, respectively. Revenues are expected in the range of $647-$659 million for the first quarter and $2.67-$2.71 billion for the full year.

Proofpoint (PFPT – Free Report)earnings per share came in at 29 cents, well ahead of the Zacks Consensus Estimate of 21 cents and up 61% from the year-ago quarter. Revenues of $145.4 million increased 36.1% year over year and outpaced the consensus estimate of $140 million. For the first quarter, the company expects revenues in the range of $149-$151 million and earnings per share in the range of 15-17 cents. For the full year, Proofpoint increased the revenue guidance to $660-$665 million from $644-$648 million but lowered the earnings per share outlook to 95 cents-$1.02 from 96 cents-$1.03.

Fortinet (FTNT – Free Report) posted earnings per share of 32 cents and revenues of $416.7 million, easily topping the Zacks Consensus Estimate of 29 cents and $409 million, respectively. On a year-over-year basis, earnings increased from the year-ago quarter of 30 cents while revenues were up 14.8%. The company projects revenues in the range of $387–$393 million and earnings per share of 21-22 cents for the ongoing quarter. For 2018, revenues are expected in the band of $1.695-$1.715 billion and earnings per share in the range of $1.30-$1.32.