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Journal by c0lo

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?"

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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by Arik on Tuesday December 29 2020, @04:12AM

    by Arik (4543) on Tuesday December 29 2020, @04:12AM (#1092347) Journal
    NTd means No Text, dummy!
    --
    If laughter is the best medicine, who are the best doctors?
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2