It is currently difficult to predict how things will turn out with Russia’s attacks on Ukraine, but one thing is for sure – in the coming period we can expect a lot of cyber activity from all sides. That is why the value of the shares of cyber security companies increased significantly on the stock exchanges yesterday.
While the shares of most other companies turned red due to general uncertainty, it is very clear to investors that in the coming period the demand for services from cyber companies will increase significantly.
Shares of Telos rose by more than 20% yesterday, Palo Alto Networks and CrowdStrike rose 13%, Mandiant by 12%, etc. During this volatile period, the cybersecurity sector and well-positioned companies offering such services should be the focus of technology investors, Wedbush Securities analyst Dan Ives told CNBC.
He emphasizes that it is obvious that a period of increasing cyber attacks is not waiting for us and that companies should be prepared for that.