uploads///Weekly Performance

System Software Subsector: Best Performer in HACK

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Nov. 20 2020, Updated 4:55 p.m. ET

Series overview

In this series, we’ll cover the performance of cybersecurity stocks within the broad technology sector. We’ll also track the weekly performance of the PureFunds ISE Cyber Security ETF (HACK) and its components. HACK closed at $26.98 on September 11, 2015, with a return of 0.60%, generating a profit of 1.50% for the week.

From September 7–11, 2015, the technology sector performed immensely well, pulling all the sectors up. The Technology Select Sector SPDR ETF (XLK), the Vanguard Information Technology ETF (VGT), the First Trust Dow Jones Internet ETF (FDN), and the iShares North American Tech-Software ETF (IGV) have generated 2.95%, 3.05%, 2.99%, and 3.15%, respectively.

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Weekly subsector performance

System Software is the best performing subsector of HACK, which generated a return of -2.51% for the trailing five days. Within the sector, Qualys (QLYS) generated a return of 8.47%, and Vasco Data Security International (VDSI) generated a return of 8.38%.

The next best performing sector is Communication Equipment, generating a return of 2.06%. Palo Alto Networks (PANW) and Cisco (CSCO) are the most notable, showing a return of 9.47% and 0.46%, respectively, for the trailing five days.

Internet Software & Services generated a loss of 0.42%. Intralinks Holdings (IL) generated a negative return of 4.89%, whereas Ahnlab generated a return of 4.05% for the trailing five days. To find out why Intralink is underperforming, we’ll undertake a technical analysis in the third part of this series.

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Market updates

Cisco will extend its collaboration with European leading entertainment firm Sky by providing middleware solutions for a set-top box. Supporting Sky’s expansion of products and services will expand its customer base of more than 21 million.

Both companies will work together to change the face of video entertainment. Sky will continue to leverage Cisco VideoGuard conditional access (or CAS) and digital right management (or DRM) solutions to deliver video content to its subscribers.

Gemalto launched Cinterion Secure Element for advance protection of automotive and industrial IOT (Internet of Things) solutions. This framework will serve as a trust for building the IOT security infrastructure. It will provide long-term benefit for connected cars and smart meters that need protection against evolving cyberthreats.

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