NEW YORK (TheStreet) -- Shares of Yahoo (YHOO) were rising in mid-afternoon trading on Wednesday after information security firm InfoArmor said the hackers that broke into the company's database in 2014 were cybercriminals, not state-sponsored actors.
Last week, the Sunnyvale, CA-based digital information company confirmed a data breach of more than 500 million user accounts two years ago, saying the hack was most likely from a "state-sponsored actor."
InfoArmor CIO Andrew Komarov said today that the hackers did not fit that profile. "Their clients are state-sponsored, but not the actual hackers," Komarov said, the Wall Street Journal reports.
The hackers were instead engaged in a moneymaking enterprise and have a "significant criminal track record," selling the Yahoo data at least three times, the Journal notes.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.
You can view the full analysis from the report here: YHOO