Tag Archive for: Stocks

SolarWinds Hack Opens Doors for Other Cybersecurity Stocks


The MarketWatch News Department was not involved in the creation of this content.

Dec 30, 2020 (Baystreet.ca via COMTEX) —
When FireEye (NASDAQ:FEYE) revealed it was a victim of a Russian hack, the stock slumped from around $16 to $14. And after SolarWinds (NYSE:SWI) posted the same news, the stock fell by more and failed to bounce back.

Investors seeking exposure to the cybersecurity sector should avoid FEYE at new highs. SWI stock looks like it is on sale, trading at a forward price-to-earnings ratio of around 15 times.

Since the extent of the damage from the hack is unknown, investors cannot quantify the liability that SolarWinds faces. The local, state, and federal levels of government are now exposed and will need to fix the security holes. SolarWinds issued a patch. Still, the government may seek other suppliers to mitigate ongoing risks.

Clients may switch to or rely more heavily on CrowdStrike (NASDAQ:CRWD).

Investors may continue bidding shares of CRWD higher. If government clients change the policy and stop the practice of storing any sensitive data on internet-connected devices, then stocks in the cyberspace sector may fall.

Your Takeaway

Watch the cybersecurity stocks for now. The long-term prospects are stronger than ever as cloud-based solutions proliferate.

COMTEX_377005619/2559/2020-12-30T07:00:27

Is there a problem with this press release? Contact the source provider Comtex at [email protected]. You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source…

5G Stocks: SolarWinds Hack Reveals a “Backdoor” Cyber Trade


InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Cybersecurity used to mean just running McAfee antivirus software on your desktop computer.

A digital illustration of a hacker in a blue sweatshirt.

Source: Shutterstock

That’s not true anymore.

Cyberattacks are no longer the result of clicking on a rogue link in a suspicious email. Now they occur on a global scale, and they are the subject of coverage from all major news outlets.

In the past two weeks, we’ve all learned about a major hack of the U.S. government. As CNBC reported:

The scale of a sophisticated cyberattack on the U.S. government that was unearthed this week is much bigger than first anticipated. 

The Cybersecurity and Infrastructure Security Agency (CISA) said in a summary Thursday that the threat “poses a grave risk to the federal government.”

It added that “state, local, tribal, and territorial governments as well as critical infrastructure entities and other private sector organizations” are also at risk.

While CISA hasn’t identified the group responsible for this incredibly dangerous hack, many experts point to Russia. By hacking the IT management company SolarWinds, the cyber criminals were able to target the departments of Homeland Security, Commerce, Treasury, and Energy; cybersecurity firms like FireEye Inc. (NASDAQ:FEYE); and the tech giant Microsoft Corp. (NASDAQ:MSFT).

Obviously, these attacks are a threat to investors’ capital. A cyberattack on any company can, at a minimum, spook the market and push a stock’s value lower.

Microsoft, for example, dropped slightly the day after its breach was reported, but the effects of any cyberattack could always be worse than simply losing money on one of the largest tech companies in the world.

That’s why cybersecurity has become a major investment opportunity.

The term cybersecurity describes a broad range of proactive protections and reactive defenses — all of which try to thwart a specific cyber threat or combination of threats.

The first-generation cybersecurity tactics were usually add-on’s to an existing hardware or software platform — kind of like building a wall around an existing house. But many next-generation tactics incorporate…

Source…

Huawei ban roils US stocks – New Zealand Herald

  1. Huawei ban roils US stocks  New Zealand Herald
  2. Huawei’s use of Android restricted by Google  BBC News
  3. The Guardian view on Google versus Huawei: no winners  The Guardian
  4. UPDATE 1-Huawei will continue security support for Android smartphones  Devdiscourse
  5. How your Huawei phone could soon be a target for ‘ratbags on the internet’ – expert  Newshub
  6. View full coverage on read more

“android security news” – read more