Jul. 11 at 4:47 PM
Fortune Business Insights projects the global cybersecurity market size to grow from an est'd
$193.73B in 2024 to
$562.72B by 2032, realizing a CAGR of +14.3% during the period
Morgan Stanley: OBBBA to have an impact on software companies cash flow. It allows to expense R&D spending immediately, instead of spreading the cost over a number of years. Of course, higher near-term expenses push down pretax earnings, but they also result in a lower tax bill -- and higher FCF. And those cash flows are ultimately what will make a company more valuable.
Software stocks are also getting a boost from a weak USD, which has dropped -6.7% since the end of April.
Wayve Capital: Software companies tend to buy fewer physical products, so they're not as vulnerable to the rising prices that tariffs could cause.
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