The fear of cyber-attacks as a result of the Russia-Ukraine conflict has created many opportunities in the market, especially among cyber stocks.
After a few raff months for cyber stocks, yesterday the shined bright at a sea of red. The conflict has prompted concerns of cyberattacks, especially against critical infrastructure companies and investor reacted fast.
Most cyber stocks, big and small, jumped in double digits: Telos, up more than 20%; Palo Alto Networks, up 13%; CrowdStrike, up 13%; and Mandiant up 12%, SentinelOne 14%.
Under the radar cyber stocks
Under-the-radar small cap shares gained even more, the most noticeable was Cyren Ltd. (CYRN) that jumped more than 118% continue momentum on premarket with more than 30% increase and unusual volumes. Cyren investors knew a lot of disappointment this past year as share went from $18 to under $3 going through reverse split and down round investment.
Safe-T Group (NASDAQ:SFET)
Another under-the-radar share to notice in Safe-T Group (SFET). Another share that shown weakness lately, especially since going under $1. SFET went up more than 18% yesterday on Russia-Ukraine conflict rally. Safe-T estimated revenues for 2021 at $10 million, increase of over 100%. Recently, Dawson James analyst Jason Kolbert initiates coverage on Safe-T Group with a Buy rating and a price target of $6.00.
Uncomfortable as it is, conflicts and wars tend to create opportunities in unexpected sectors alongside markets volatility.