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Uncertain Markets May Drive Cybersecurity Consolidation

Wall Street took another plunge on Monday, bringing technology companies and cybersecurity firms along for the ride for what turned out to be one of the worst U.S. stock market days in history. The Dow Jones Industrial Average and S&P 500 recorded their worst days since the infamous “Black Monday” crash of 1987. CrowdStrike stock fell over 16 percent, while Palo Alto Networks and FireEye stock dipped, respectively, by 9.5 percent and 18.9 percent. Tech and cybersecurity stocks took a hit on Monday too, with IBM stock taking an 8 percent hit and ending at $99.08.”]

Source: https://www.cuinfosecurity.com/uncertain-markets-may-drive-cybersecurity-consolidation-a-13952

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