As cyber attacks rise, so should the earnings of digital-security companies
On average 94 cyber attacks are aimed at business every day, costing companies billions of dollars annually. According to the latest Sector Focuscommentary from Turner Investments, these frequent attacks make the cyber-security market “so promising and lucrative it should enable select security companies to generate double-digit earnings growth annually over the next two years.”
“so promising and lucrative it should enable select security companies to generate double-digit earnings growth annually over the next two years.”
Titled Cyber attacks fuel growth of digital security, the piece was written by the six security analysts who cover the technology sector for Turner Investments. Turner based in Berwyn, Pennsylvania, publishes Sector Focus commentaries monthly as part of the continuing efforts of its five teams of security analysts to monitor market sectors for its growth-stock portfolios.
According to the analysts, cyber threats have evolved considerably in sophistication and scope. Companies now face attacks from external sources, often in the form of “advanced persistent threats” – attacks that systematically probe digital defenses over time for weak spots. In addition, companies may also suffer unintentional data breaches from within as employees use unsecured mobile devices or leak sensitive information through social media.
The analysts believe five firms specializing in various aspects of cyber security, such as network security and data protection, are especially well positioned to benefit from corporate demand for that security: Check Point Software Technologies; Fortinet, Imperva, Sourcefire, and Websense.
To read this May 2012 Sector Focus in its entirety, click on this link to the Turner Investments Web site: http://www.turnerinvestments.com/technology/. Or call 484.329.2407 for a free copy of the piece.