Catchy: "3 Cybersecurity Stocks to Ditch in February for Good Measure"

TLDR:

Investors should consider selling these three cybersecurity stocks due to various factors:

Rapid7 (RPD) – Weak guidance and the uncertain macroeconomic environment.
Okta (OKTA) – Declining revenue growth and unprofitability.
BlackBerry (BB) – Facing competition from well-established rivals and a high valuation.

The cybersecurity market has experienced significant growth as more businesses adopt digital transformation initiatives, leading to increased cyber threats and data breaches. However, not all cybersecurity companies are performing well. Investors should consider selling Rapid7 (RPD) as the company’s weak guidance suggests that cybersecurity firms may still face challenges in the macroeconomic environment. Okta (OKTA), despite its strong position in the fast-growing identity and access management (IAM) market, has experienced declining revenue growth and remains largely unprofitable. The high valuation of BlackBerry (BB) is a result of falling into net loss territory, and the company faces competition from established rivals. Investors may want to explore other cybersecurity stocks before considering BlackBerry as an investment option.

Post Views: 76

Latest from Blog

US charges North Korean hacker for hospital ransomware attacks

TLDR: The U.S. DoJ indicted a North Korean hacker for ransomware attacks on hospitals The hacker, Rim Jong Hyok, is part of a group called Andariel and is accused of laundering ransom

Deadline approaching for Cyber Security Framework adoption and mandatory reporting Regulator shifts focus to enforcement from education

TLDR: Key points: Important compliance dates approaching for critical infrastructure assets under the Security of Critical Infrastructure Act. Responsible entities must adhere to specific cyber security frameworks and submit mandatory annual reports.

Cyberattack hits Selenium Grid for Crypto Mining – stay safe

Ongoing Cyberattack Targets Exposed Selenium Grid Services TLDR: Cyberattack targeting older versions of Selenium for crypto mining Threat actors using Selenium Grid services for illicit activities Cybersecurity researchers are warning about an

Bridging the cyber talent gap: tips for CISOs

TLDR: – Global cyber threats have increased twofold in recent years, leading to a talent gap of nearly 4 million cyber professionals worldwide. – Existing cyber staff are under strain, with vacancies

Deepfake dangers prompt urgent cybersecurity reevaluations for businesses

TLDR: AI-generated deepfake attacks are on the rise, leading companies to reassess their cybersecurity measures. Companies are developing deepfake response plans and running simulations to increase preparedness. Biometric authentication, once considered secure,

North Korean faces charges for cyberattacks on US targets

TLDR: A North Korean military intelligence operative has been indicted for orchestrating cyberattacks on U.S. hospitals, NASA, and military bases. Rim Jong Hyok, a member of the Andariel Unit, faces charges of

Analysts predict cybersecurity stocks will soar after CrowdStrike’s outage

“`html TLDR: CrowdStrike outage led to potential gains for cybersecurity rivals SentinelOne, Palo Alto Networks, and Microsoft’s cybersecurity business could benefit After a defective CrowdStrike update caused a global tech outage, analysts

Bitsight’s Trust Management Hub: Revolutionizing Security Assessment Process

TLDR: Bitsight has released Trust Management Hub to streamline security assessments. The new solution reduces workload by 25% and improves the assessment cycle by 85%, helping teams close deals faster. Bitsight, a

North Korean hackers pivot to ransomware attacks

TLDR: North Korean hackers from APT45 have shifted from cyber espionage to ransomware attacks APT45 has targeted critical infrastructure and is linked to ransomware families SHATTEREDGLASS and Maui A North Korea-linked threat

Europe’s telecom, electricity sectors evaluated in new EU cybersecurity report

TLDR: EU releases risk assessment report on cybersecurity in telecommunications and electricity sectors Report highlights supply chain risks, shortage of cybersecurity professionals, and threats from cybercriminals and state-sponsored actors Summary: The European

Catchy: 3 Cybersecurity Stocks to Ditch in February for Good Measure

Adrian Johnson

Latest from Blog

US charges North Korean hacker for hospital ransomware attacks

Deadline approaching for Cyber Security Framework adoption and mandatory reporting Regulator shifts focus to enforcement from education

Cyberattack hits Selenium Grid for Crypto Mining – stay safe

Bridging the cyber talent gap: tips for CISOs

Deepfake dangers prompt urgent cybersecurity reevaluations for businesses

North Korean faces charges for cyberattacks on US targets

Analysts predict cybersecurity stocks will soar after CrowdStrike’s outage

Bitsight’s Trust Management Hub: Revolutionizing Security Assessment Process

North Korean hackers pivot to ransomware attacks

Europe’s telecom, electricity sectors evaluated in new EU cybersecurity report

Suggestions

Catchy: 3 Cybersecurity Stocks to Ditch in February for Good Measure

Latest from Blog