Cybersecurity Players Should Do Well Despite Economic Headwinds

Cybersecurity Players Should Do Well Despite Economic Headwinds


Our topic of Cybersecurity actions has seen significant sales over the past month, down about 24% from the Nasdaq-100, which remains at around 12% over the same period. With the sale, the issue remains down about 28% to date, compared to the Nasdaq-100, which remains around 26% over the same period. Although these stocks held up fairly well at the beginning of the year, stubbornly high inflation and recent interest rate hikes by the US Federal Reserve have led to a large liquidation of the sector, which is mainly made up of for high-growth stocks and multiple stocks. . However, there is probably a good reason to invest in these stocks after the recent big falls.

While there have been concerns that the United States may be heading for a recession, with first-quarter GDP already declining year after year, we believe that cybersecurity spending will continue to be a priority for businesses. and the government for a couple of reasons. U.S. and European governments, critical infrastructure, and businesses remain key targets in state-sponsored cyberattacks, as Russia potentially seeks retaliation against sanctions imposed by Western powers following the Russian invasion of Ukraine. We believe that increasing cybersecurity will be a priority for businesses, as attacks on digital space can cause massive economic damage. In addition, the broader trend of hybrid and remote work and the growing adoption of cloud-based services through the Covid-19 pandemic has also been increasing the demand for cybersecurity products and we hope that this will continue even after the pandemic. Spending on cybersecurity remained largely in place during 2020 when companies cut their IT budgets and a similar trend is likely to continue in the event of an economic downturn.

Within our subject, Okta shares have had the worst performance, with a drop of almost 60% to date. On the other hand, shares of Palo Alto Networks have performed better, with a drop of almost 13% to date.

What if you are looking for a more balanced portfolio? Our high quality portfolio i multi-strategy portfolio have been steadily gaining ground since late 2016.

Invest with Trefis Portfolios that outperform the market

See everything Trefis Estimated prices



Source link

Related post

EDUCAUSE 2022: How Data Collection Can Improve Student and Faculty IT Support

EDUCAUSE 2022: How Data Collection Can Improve Student and…

At Indiana University, Gladdin said, to make life easier for students and faculty, they implemented a course template for the Canvas…
UGC, AICTE warn students against online PhD programmes offered by EdTech platforms | Latest News India

UGC, AICTE warn students against online PhD programmes offered…

The University Grants Commission (UGC) and the All India Council for Technical Education (AICTE) on Friday issued a joint advisory against…
UGC, AICTE warn students against online PhD programmes offered by EdTech platforms | Latest News India

UGC, AICTE warn students against online PhD programmes offered…

The University Grants Commission (UGC) and the All India Council for Technical Education (AICTE) on Friday issued a joint advisory against…

Leave a Reply

Your email address will not be published.