SYK

AI Research

Iran-linked cyberattack wiped 12PB data → SYK -5% then +3.2% partial recovery

Stryker disclosed a significant cybersecurity incident attributed to an Iran-linked threat actor that destroyed approximately 12 petabytes of operational data, causing initial share declines of 5-6% before a partial recovery of 3.2% as the company confirmed no patient data or financial systems were compromised. The company activated its business continuity plan and estimates the incident will have a limited impact on full-year 2026 guidance, with cyber insurance expected to cover most recovery costs. Analysts reiterated Buy ratings with an average price target of $410, but noted that the incident highlights growing cybersecurity vulnerabilities in medical device manufacturers.

Related News