Cyber Stocks Caught in the Storm While Private Firms Keep Rising

The pandemic precipitated what is shaping up to be a permanent shift in cyber security spending patterns. As a direct result of hybrid work, CISOs have invested heavily in endpoint security, identity access management, cloud security and further hardening the network beyond the HQ. Moreover, the need to build security into applications from the start, rather than bolting protection on as an afterthought, has led to vastly heightened awareness around DevSecOps. Finally, attacking security as a data problem with automation and AI is fueling new innovations in cyber products and services; and is spawning well-funded, disruptive startups. 

In this Breaking Analysis we present our quarterly findings on the security sector. We’ll share the latest ETR survey data, identify the companies with customer spending momentum and share some of the market movers.