A new report by Bank of America analyst Tal Liani focuses on the latest numbers from the cybersecurity space and discusses Bank of America’s outlook for several of the major cybersecurity players. The report also includes several price target hikes for cybersecurity stocks.

The Numbers

Network security revenue grew by 8.0 percent year-over-year (Y/Y) in Q1, indicating an acceleration over the growth rates seen in Q1 during the past two years.

According to the report, integrated appliances such as unified threat managements (UTMs), firewalls and next-generation firewalls (NGFWs) were the key drivers in Q1.

Market Share Inflection Point?

Liani writes…

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