Cybersecurity
Cybersecurity Stocks Extend Advance on Bets for Robust Demand
- A recent attack could be a ‘tipping point’ for more spending
- Okta and Palo Alto Networks seen as potential winners
This article is for subscribers only.
Cybersecurity companies mostly rose on Monday, outperforming the broader market as a sprawling, recent cyber attack was seen as underlining the need for online protection services.
The breach is likely to lead to elevated spending on security, analysts wrote, suggesting a powerful and long-term demand tailwind for the sector.