In a new report this week, Citi Research analyst Walter Pritchard looks at cybersecurity stocks headed into Q2 earnings season. Although many names in the space have had huge run-ups in recent years, Pritchard discussed whether cybersecurity stocks have peaked for the time being.
Demand Is Not An Issue
Overall, almost all data on cybersecurity demand remains strong, including conversations that Citi has had with IT security resellers and customers and data from the firm’s recent CISO survey.
However, Pritchard noted that Citi’s survey data from April indicated the potential for slower firewall refresh rates in 2016 and beyond.
High Expectations
Many cybersecurity stocks have been…
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