Thursday, 3 October 2024

Cybersecurity Company Soars On Strong Earnings

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In January of 2022 Ukraine was hit by an especially nasty piece of malware, named WhisperGate.

By then Ukraine was used to cyberattacks.

But the WhisperGate attack just before Russia's full-scale invasion was different. It was larger... and it was aimed at dismantling Ukraine's critical infrastructure.

It worked.

Russia managed to disrupt communications, disable power production and delivery, attack banks and supply lines, and confuse medical and emergency response teams. The opening days of the war might have gone very differently had Starlink not come to the rescue.

While bad actors have long used cyberattacks to steal data or access private records - when it came time for a true ground war - cyberattacks on critical infrastructure were the first strike.

And they're likely to be the first strike in any major war going forward.

The market's already showing signs of this shift. Key cybersecurity stocks are following in tow with the defense sector in seeing massive jumps in valuation.

That includes an early-entry cybersecurity firm that's trusted by more than 30 government agencies, including:

  • The U.S. Treasury
  • Department of Homeland Security
  • Department of Justice
  • Department of Defense
  • And NASA

With retired Admirals and former executives from Raytheon and Crowdstrike on the board, leadership has operated at the top of the U.S. national security apparatus.

The company's unique expertise and scalable approach allowed them to nearly double revenues between 2021-2023, and they've added another $20 million in new sales orders this year alone.

There is no denying - the opportunity here is massive.

Click here to learn how a small company is joining the ranks of Lockheed Martin and Raytheon - led by the some of the biggest names in cybersecurity and defense.


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