FOUND: Cybersecurity stocks may feel the cuts in corporate spending | Mind Blowing Facts

With the looming prospects of an economic slowdown, companies may be forced to cut spending on cybersecurity, one of the few areas long viewed as one area immune to spending cuts.  However, recent disappointing corporate earnings results from several security-software companies have raised questions about that view.

Concern heightened about spending for cybersecurity software after Tenable Holdings (TENB) cut its revenue forecast last month, followed by similar news at Cloudflare Inc (NET), which sparked large losses in the stocks.  Both companies blamed questions about the economy, which Cloudflare said “resulted in a material lengthening of sales cycles.” Cloudflare also said it expects the headwind will persist all year.