Yesterday’s technical action the rout was not evenly distributed; some companies and technology sectors performed better than others. The same can be said for technology sectors in 2022 in general. For example, on basket of cloud stocks which we track was down 45% year-to-date before today’s open, while cybersecurity index funds ($IHAK, $CIBR, etc.) are down about 20% each, a far smaller decline.
Cybersecurity stocks have returned some gains this year; they are not immune to market revaluation. But at the same time, the cohort takes in less water.
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We are curious whether, in general, more durable public cybersecurity stocks translate into more robust venture capital models as well. Put simply, is cybersecurity VC deal activity outperforming other sectors this deep into Q3? We’ve pulled a dataset to help us figure out just that.