As the biometrics industry continues to grow and expand online attendance management system Biometric Update is bringing a new focus to Fingerprint RFID Card recognition some of the stock stories in the sector. Check in with this space each week for a rundown of some of the financial news emerging out of the group of timesheet application biometrics industry stocks we like to follow.
Well-known financial news site the Street.com mentioned the firm, Next Biometrics in a story that looked at stocks that jump in “value on news of terrorist attacks.” The story was based on a report from an insurance company that found, “Incidents of terrorism in western countries increased 174% in 2016…” Although, “individual acts of terrorism don’t generally move the stock market for long,” some industries do well after attacks according to the story. Citing an analysis done by CNBC companies like computer security firms and defence equipment suppliers do well as governments may see, “… increased sales as leaders increase spending on military supplies.” According to the story, “Surveillance companies such as Overprint Systems, a New York-based software analysis firm that enables law enforcement agencies to conduct mass surveillance, are also poised to gain. Similarly, countries may up their purchases of biometrics equipment, which may prove to be a boon for companies such as Next Biometrics, which provides fingerprint sensor technology, and Ana logic, a large manufacturer of airport X-rays.” Interesting.