Core Insights - Cybersecurity stocks have recently experienced a decline in their year-to-date gains, with the Amplify Cybersecurity ETF (HACK) underperforming compared to the S&P 500 SPDR Trust ETF (SPY) by several percentage points in 2025 [1] Group 1 - The Amplify Cybersecurity ETF (HACK) has shown a notable lag behind the S&P 500 SPDR Trust ETF (SPY) in performance this year [1] - The overall trend indicates a potential shift in investor sentiment towards cybersecurity stocks, which had previously been strong performers [1] - The recent performance may reflect broader market conditions affecting the technology and cybersecurity sectors [1]

Core Insights - The article discusses the Amplify Cybersecurity ETF (NYSEARCA: HACK) and highlights the author's concerns regarding its performance, while also identifying smaller companies with significant growth potential, particularly Varonis Systems, Inc. [1] Company Analysis - Varonis Systems, Inc. is noted for its breakout growth, suggesting it may present a compelling investment opportunity within the cybersecurity sector [1]. Industry Context - The author reflects on over 30 years of experience analyzing various industries, including airlines, oil, retail, mining, fintech, and e-commerce, indicating a broad understanding of market dynamics and investment strategies [1]. - The article emphasizes the importance of adapting to new ideas, technology, and business models, particularly in the context of past crises such as the dot-com bubble and the COVID-19 pandemic [1].