Cybersecurity, Internet infrastructure companies hold up relatively well amid COVID-19 pandemic

[InfoSec News <alerts () infosecnews org>]

https://www.zdnet.com/article/cybersecurity-internet-infrastructure-companies-hold-up-relatively-well-amid-covid-19-pandemic/

By Larry Dignan
Between the Lines
ZDNet
April 28, 2020

Information security and technologies that speed up cloud and content delivery
remain relatively strong sectors amid the COVID-19 pandemic that has rattled
numerous enterprises.

Amid a barrage of earnings reports on Tuesday, Akamai and FireEye stood out as
companies that are seeing strong demand in part due to an increase in
cyberattacks. Juniper Networks also held up fairly well even though revenue fell
short of expectations.

FireEye reported that first quarter revenue was up 7% from a year ago. The
company reported a net loss of 35 cents a share with a non-GAAP loss of 2 cents
a share. Wall Street was expecting a loss of 4 cents a share. The results
highlight that the run of cybersecurity attacks aren't going to be thwarted by a
pandemic.

CEO Kevin Mandia said FireEye was able to shift to a work-from-home model
seamlessly and perform well. Mandia said the shift to remote work enabled the
company  to remain focused "as threat actors continue their heated pace of
attacks while the world faces a global pandemic."

[...]



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