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Investing.com -- Shares of Masimo Corporation (NASDAQ:MASI) climbed 3.7% today after the medical technology firm announced that the recent cybersecurity incident is expected to have a non-material impact on its 2025 revenue and customer order fulfillment. The company, which specializes in noninvasive patient monitoring technologies and reported $2.13 billion in revenue over the last twelve months, reassured investors in a recent SEC filing that its manufacturing operations are nearly at full capacity.
The cybersecurity breach, first reported on Sunday, May 6, 2025, resulted in unauthorized activity on Masimo’s network. The company has since implemented measures to address and rectify the situation with assistance from third-party cybersecurity professionals and has been cooperating with law enforcement authorities.
Masimo’s stock movement today reflects investor relief as the company confirmed that it is on course to meet the financial targets set in its May 6, 2025, outlook for the remainder of the fiscal year. Additionally, Masimo holds cybersecurity insurance, which is expected to cover most of the costs associated with the breach’s remediation, believed to be non-recurring expenses.
In the wake of the cyber incident, there have been no reported significant delays in order processing. Masimo emphasized its efforts to manage any backlog efficiently, showcasing the company’s dedication to sustaining operations and upholding investor trust. The proactive steps and open communication by Masimo about the cyber incident demonstrate its commitment to business continuity and transparency.
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