Livanova PLC Says It Continues To Assess Full Impact Of Cybersecurity Event On Business, Results Of Operations, Cash Flows And Financial Condition
Portfolio Pulse from Benzinga Newsdesk
LivaNova PLC reported in an SEC filing that it is still evaluating the full impact of a recent cybersecurity event on its business, results of operations, cash flows, and financial condition. The extent of the damage and the potential repercussions for the company's financial stability are currently under assessment.
December 13, 2023 | 1:38 pm
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NEGATIVE IMPACT
LivaNova PLC is currently assessing the impact of a cybersecurity incident which may affect its business operations and financial stability as disclosed in an SEC filing.
Cybersecurity events typically have a negative impact on a company's stock price in the short term due to the potential costs associated with the breach, the disruption to business operations, and the possible loss of customer trust. As LivaNova is still in the process of assessing the impact, this uncertainty can further contribute to negative investor sentiment.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100