So far, our cybersecurity stock theme has performed close to 15%, slightly inferior to the S&P 500 index, which has gained about 16% over the same period. However, the theme’s performance has improved a lot since our last update in early June, when it dropped by 1%. After several high-profile cyber attacks, people have renewed interest in the field of cyber security, including the recent attack on security software provider Kaseya and the Colonial Pipeline ransomware attack last month. These attacks, coupled with the increasing shift from on-premises to cloud-based information systems and the trend of remote and hybrid work after Covid19, should prompt companies to prioritize security spending. This should bode well for companies that provide software, hardware, and services that help protect computer systems and networks.
In our theme, Fortinet, a company that provides network security-related hardware such as firewalls and software, performed the best. Due to stronger than expected quarterly results, it has grown by approximately 78% so far this year. Towards the cloud. On the other hand, Qualys, a company that provides cloud security, compliance and related services, is still below 18% this year because its guidance for this fiscal year is weaker than expected.
[8/6/2021] Cybersecurity stocks that need attention after colonial pipeline and JBS hacking Within the same period rose by about 13%. However, the theme has improved since our last update in mid-May, when it was down 6%. The poor performance relative to the broader index may be due to the fact that most of the stocks in the subject are highgrowth long stocks, which have lost the favor of the current market as investors turn to value stocks and cyclical stocks. The Covid boom in the American economy. However, investors with long-term vision have good reasons to increase their exposure to cybersecurity stocks. In recent months, there have been many high-profile cybersecurity incidents, including the Colonial Pipeline ransomware attack, the SolarWinds SWI 0.0% attack, and the recent cyber attack on the world’s largest meat JBS. Companies and governments are taking more seriously to protect their Network and infrastructure providers. The increasing shift from on-premises to cloud-based information systems should also make companies prioritize security. In addition, due to Covid19, corporate IT spending may rebound from this year after spending cuts in 2020. This should bode well for companies that provide software, hardware, and services that help protect computer systems and networks.
Among our topics, Fortinet FTNT + 1.8.ompany, which provides hardware and software related to network security, performed best. Due to better-than-expected quarterly results and the shift to cloud computing, it has grown by approximately 49%. away this year. On the other hand, the share price of Qualys QLYS + 0.6, a company that provides cloud security, compliance, and related services, is still down around 18% this year because its guidance for this fiscal year is weaker than the expected.
[05/17/2021]
Our cybersecurity stocks topic has fallen approximately 6% year-to-date, lagging significantly behind the S&P 500 Index, which has increased approximately 11% over the same period. However, due to various reasons, the industry may once again be the focus of attention. First, the Colonial Pipeline’s computer system was hit by a major cyberattack, forcing the shutdown of a pipeline that controls roughly half of the gasoline, jet fuel, and diesel on the east coast of the United States. This is the second major attack on the core infrastructure of the United States in six months after the Solar Winds hack reported in December last year. Second, last week, President Joe Biden signed an executive order designed to strengthen the federal government’s cybersecurity defenses, including a series of plans to implement stricter cybersecurity standards. Recent events may cause companies and the US government to reassess threats and may increase budgets related to cybersecurity. This should bode well for companies that provide software, hardware, and services that help protect computer systems and networks.
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In our topic, Fortinet, A company that provides hardware and software cybersecurity has the strongest performance. It has grown by about 37% so far this year, driven by stronger-than-expected earnings in recent quarters. On the other hand, Qualys, a company that provides cloud security, compliance and related services, is still below 18% this year, because its outlook for this fiscal year is lower than analysts expected.
[4/14/2021] How is our cyber security issue progressing?
Our indicative portfolio of cybersecurity stocks has fallen by approximately 1% so far this year, which is lower than the S&P 500 Index, which has gained approximately 10% over the same period. However, since the end of 2019, the problem has continued to rise by more than 130%, clearly outperforming the market. The recent sell-off is due to the rise in remote work and SaaS stocks that investors have risen throughout the pandemic. However, this may provide a good opportunity for investors to enter the field of cyber security. After experiencing weakness in 2020, global IT spending is expected to rebound this year, with an increase of approximately 8.4% by Gartner IT, reaching US $ 4.1 trillion + 1.4%. Given the increasing shift towards distributed workplaces and cloud-based applications and some high-profile security vulnerabilities in recent months, cyber security can become an area of ​​great concern for most companies. In our topic, Fortinet, a company that provides cybersecurity-related hardware and software, is the strongest performer. Driven by stronger-than-expected earnings, it is up about 34% year-to-date. On the other hand, Mimecast Limited, which develops cloud security and risk management services for email and corporate data, had the weakest performance, with a 28% drop year-to-date due to

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