2024-02-24 05:29:51 ET
Summary
- The Global X Cybersecurity ETF focuses on stocks that generate over half of their revenue from cybersecurity operations.
- Palo Alto Networks' latest earnings event has been instrumental in driving weakness in BUG, and commentary from the event could have ramifications for the broader industry.
- We highlight why BUG's portfolio of predominantly small- and micro-cap cybersecurity names may not be the most optimal route to playing this theme.
- We close with some thoughts on the technical picture.
Introduction
The Global X Cybersecurity ETF (BUG) is a $755m sized product that offers focused access to 24 stocks that are well-placed to benefit from the growing adoption of cybersecurity technology (to qualify for consideration in BUG's portfolio, these stocks are required to generate over half of its revenue from cybersecurity operations)....
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For further details see:
BUG: Not The Most Optimal Portfolio, Look Elsewhere