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Facebook's Security Woes Are Setting This Cybersecurity Stock Up for a Quick 20% Gain

Over the last year, Facebook Inc. (NASDAQ: FB) shares have fallen more than 16% as data breaches and political scandals plague the company's public reputation. However, the social media giant appears to be on the verge of turning a corner. Last month, reports surfaced that Facebook intends to acquire a cybersecurity firm in an effort to strengthen its digital defenses and regain public trust. And that's great news for cybersecurity stocks. Facebook currently has $42 billion in cash on hand, giving it more than enough to lock down an acquisition. Tags: tech stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Facebook's Security Woes Are Setting This Cybersecurity Stock Up for a Quick 20% Gain appeared first on Money Morning - We Make Investing Profitable .
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