Wedbush sees cyber security as "safety blanket tech sector"

Tenable Holdings

14/04/2022 18:29

** Wedbush says the cyber security sector is set to have a
healthy year with strong Q1 earnings
    ** Brokerage believes cyber security budgets will increase
~23% in 2022
    ** "The threat landscape and bad actor/nation-state backdrop
which is amplified by Russian cyber warfare continue to
accelerate ..." - Wedbush 
    ** Tenable Holdings  TENB.O  and Palo Alto Networks  PANW.O 
are brokerage's "Top 2 Cyber Security Picks for 2022" 
    ** Says the Sailpoint Technologies  SAIL.N  and Mandiant
 MNDT.O  deals were just the "tip of the iceberg", expects
plenty more cyber deals in 2022 
    ** Brokerage is of the opinion the "Street" is
underestimating the strength of the sector going into Q1
earnings
    ** Believes the cyber-attacks focused Biden Administration
Cyber Security Executive Order has accelerated federal spending
in the sector

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))