Wedbush analyst Daniel Ives believes the cyber security sector is poised to have a full year ahead with a solid Q1 earnings season despite jitters around Fed tapering and rates rising.
Ives considers cyber security as a “safety blanket tech sector” in a Category 5 storm. While investors will worry about valuations on hyper-growth names in the near term, the analyst’s checks over the last month have been the strongest for the cyber security sector in a decade, with a further uptick seen in large, seven-figure deal flow in the field.
