Cybersecurity
Cybersecurity Stocks Gain as Iran Risk Could Bolster Demand
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Shares of cybersecurity companies gained in the aftermath of last week’s killing of a top Iranian military official as investors bet the increased risk of attacks will result in more business.
Crowdstrike Holdings Inc. rose as much as 11% on Monday, adding to a 2.7% gain in Friday’s session. FireEye Inc. has advanced 5% over two days. Companies that offer threat-detection services are the ones most likely to benefit from increased risk of attacks compared with those offering more traditional services like firewall defense, according to Mandeep Singh, a Bloomberg Intelligence analyst.