Cyber security budgets will increase 21% in 2022 - Wedbush

Tenable Holdings

01/02/2022 14:20

** Wedbush says the cyber security sector has had its
strongest few weeks at the start of a given year in over a
decade though investors will fret about valuations of
hyper-growth companies
    ** Brokerage says cyber security budgets will increase ~21%
in 2022 which is roughly a 100 bps y/y increase from a robust
2021
    ** Wedbush says its favorite players in the sector include
ZScaler  ZS.O , Tenable Holdings  TENB.O  and Palo Alto Networks
 PANW.O 
    ** ZS up 1.3% at $260.42, TENB up 0.9% at $51.86, PANW up
0.8% at $521.5 premarket
    ** Up to last close, ZS fell ~26%, TENB down ~1%, PANW lost
0.5% since they last reported results

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com;))