MarketWatch reports that cybersecurity companies appear to be benefiting from fat IT spending budgets fueled by tax cuts and fears of hackers. A recent Morgan Stanley survey found that CIOs rated security spending as the second most defensible IT project in case of an economic downturn. Here is a graphic of their results
Goldman Sachs—one of KnowBe4's investors—earlier in the month, said cybersecurity stocks presented a tactical opportunity ahead of the November midterm elections. In Goldman’s survey, cybersecurity is the IT area where most CIOs expect to boost spending within the next 12 months.
Full article with more detailed research and analyst opinion about infosec stocks at MarketWatch.
