The Telstra network outage has put a spotlight on what happens when core infrastructure, security controls, and documentation fail at scale. For investors, this is less about Telstra itself and more about the companies that help prevent, detect, and manage exactly these kinds of incidents. From this Cybersecurity and IT Infrastructure Providers screener, three stocks stand out as closely exposed to the issues raised by the outage and subsequent Senate scrutiny. The article will walk through how each stock is positioned, why the news may matter, and what risks and opportunities to weigh.
Lightspeed Commerce (TSX:LSPD)
Overview: Lightspeed Commerce provides cloud-based software and payments tools that help retailers, restaurants, golf courses, and other businesses run their day to day operations, from taking orders and payments to managing inventory, staff, and customer loyalty across online and in store channels. It also sells related hardware like tablets, payment terminals, and receipt printers, along with setup and implementation services.
Operations: Lightspeed generates about $1.23b in revenue primarily from Software & Programming, with the United States its largest market at $789.33m, followed by other international regions, Australia, Canada, and the United Kingdom.
Market Cap: CA$1.92b
For investors focused on cybersecurity and IT resilience, Lightspeed Commerce sits at an interesting crossroads: its cloud platform and payments stack rely on strong uptime, data integrity, and compliance, all areas now in sharper focus after the Telstra outage exposed the cost of weak controls. The company is valued more cheaply on P/S than many software peers, while analysts project earnings growth and a path to profitability, helped by higher payment penetration and AI driven product features across Retail and Restaurant. At the same time, Lightspeed is still loss making, carries higher financial risk from external borrowing, and faces intense competition, so the story hinges on whether its improving efficiency and execution can outweigh those pressures.
Lightspeed Commerce’s cheaper P/S, push toward profitability, and payments plus AI story could be masking what really matters. Get the full context with the analyst forecasts for Lightspeed Commerce and see what might be missing.
SiteMinder (ASX:SDR)
Overview: SiteMinder runs a cloud platform that helps hotels and other accommodation providers manage everything from online room distribution and direct bookings to payments and guest data, connecting them with major travel sites and their own websites in one place.
Operations: SiteMinder generates about A$251.0m in revenue from Software & Programming, with A$105.8m from Europe, Middle East and Africa, A$78.5m from Asia Pacific, and A$66.7m from the Americas.
Market Cap: A$1.02b
SiteMinder has drawn attention after the Telstra outage because hotels depend on its cloud tools to stay bookable and secure when networks or partners fail. The stock is associated with forecasts of fast revenue growth and expectations of turning profitable within three years, which could matter if high forecast returns on equity are reflected in reported results. At the same time, SiteMinder is still loss making, trades on a higher P/S than local software peers, and relies on higher risk funding, so execution and cash discipline remain important considerations. Its partnership with Mews, now embedded into a single platform used by tens of thousands of hotels, highlights that there may be more to the SiteMinder story than headline valuation multiples indicate.
SiteMinder’s fast revenue story and path toward profitability are only half the picture; the real question is whether the current pricing fairly reflects that journey. Get the analyst forecasts for SiteMinder and see what the market might be missing.
MongoDB (MDB)
Overview: MongoDB runs a general purpose database platform used by developers and enterprises to store, manage, and query data across cloud, on premises, and hybrid environments, with its Atlas service offering a hosted, multi cloud database as a service and additional tools like search and vector capabilities for modern applications and AI workloads.
Operations: MongoDB generates about US$2.6b in revenue from Data Processing, with reported regional disclosure including Asia Pacific, Europe, Middle East and Africa, and a large segment adjustment line.
Market Cap: US$26.8b
MongoDB sits at the intersection of data, AI, and resilient IT infrastructure. Outages like Telstra’s have pushed this type of infrastructure into the spotlight, because its Atlas cloud platform and access controls can be built into cybersecurity and observability stacks. The company is moving further into large enterprise and AI workloads, supported by partnerships and product launches. Analysts have been raising price targets, and institutions such as BlackRock hold meaningful stakes. At the same time, the stock trades on a rich P/S multiple, insiders have been selling, and the business relies on higher risk external borrowing. The investment case for MongoDB depends on whether its AI and cloud data workloads can justify that premium and offset funding and competition risks over time.
MongoDB’s AI and cloud push has investors focused on the upside, but the real tension is whether that premium P/S and funding profile truly line up with future expectations, so the analyst forecasts for MongoDB might change how you see the risk reward balance
The three stocks in this article are only a starting point, with the full Cybersecurity and IT Infrastructure Providers screener surfacing 33 more companies that share equally compelling cybersecurity and IT infrastructure narratives. Use Simply Wall St to identify and analyze the specific catalysts, risk profiles, and business angles that matter most to you so you can focus on the highest conviction opportunities in this space.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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