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U.S. cyber agency says SolarWinds hackers are 'impacting' state, local governments
And... the market rewards them
'What's the alternative?' SolarWinds boosts security firms' bottom lines
Cybersecurity providers including FireEye Inc and Microsoft Corp could not prevent a huge network breach disclosed this month by numerous U.S. agencies and companies, yet their shares are soaring for a second straight week.
...
Wall Street is betting that governments and businesses - having invested years in moving to digital infrastructure - will only accelerate purchases of the latest IT tools.“What’s the alternative?” said Venkatesh Shankar, marketing professor at Texas A&M University.
Airbag recalls or Listeria outbreaks tend to affect shares within a narrow supply chain, from restaurants and auto dealers down to parts and ingredients suppliers, he said.
At the time of writing, the SolarWind stock price dropped on YtY from $18.55 a year ago, to $15.75 now. Crazy as it may sound after being hacked, the recommendation is "Buy", because "What's the alternative?"
(Score: 2) by barbara hudson on Monday December 28 2020, @12:35PM
Costs: Consider it an investment.
Stock price going down: it's going to happen anyway when someone else sees you not fixing things and eats your lunch.
The voter: Now you got me. That depends on the country and their voting culture. It's a bit of a crapshoot.