Wall Street Researcher
SAFE-T GROUP LTD
Two Israeli Cyber Stocks
$6.00 Target – Buy Rating
These cyber security shares hit a high of $2.98 last year before consolidating and forming a solid base near current levels . These shares broke above their 50 day M/A of $0.72 cents and now is about to break above the 200 day M/A of $1.07 as volume expands .
In a recent Dawson James Research Report , Jan 31 2022 – a buy rating with a $6.00 target price was issued. We look for a major BREAKOUT to take place and urge all serious investors to immediately place these shares on their BUY LIST.
Two Israeli stocks in the spotlight of latest Iranian DDoS cyberattack on Israeli government websites
Israeli government websites, part of the Gov.il domain, suffered a cyber-attack Monday, likely originating in Iran. What is believed to have been a DDoS attack began around 6:15pm local time, with an irregular increase in traffic being exhibited on the servers running the Gov.il websites. The bandwidth of the attack is believed to have reached 15-20 gigabytes.
Two Israeli cybersecurity companies gained momentum over the past month over apparent cyberattack fear.
Cyren Ltd. (CYRN), provider of email security and threat intelligence solution, jumped yesterday more than 30% running from $2.2 at its lowest last month to more than $11 at its peak with 280% increase over the last month. Pre- market at $6.4.
Safe-T Group (SFET) global provider of cybersecurity and privacy solutions to consumers and enterprises, with 56% increase in the last months, breaking the 1$ mark last week. Safe-T estimated revenues for 2021 at $10 million, increase of over 100%.
Between Ukraine- Russia conflict and fear for cyberattacks from the Russian side and the latest Iranian attack on government websites, it seems that after a long numbness in cyber stocks, the get back to the center stage and might provide more shining moments
Neither PSN or WSR nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN or WSR website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN or WSR website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN or WSR website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision. Writer charges a fee of $2500 per month but hasnt been paid for this article at publishing . All Reports are reviewed for accuracy and concur that any conclusions made are reasonable expectations. The term Buy List referring to a Watch List and not a recommendation to buy . Each individual has their own risk level and should know their risk level and act accordingly