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I don't think so. Looking at the volume, this is one of the hottest cybersec counter. Real volume is kicking it loud and it's clear the momentum is here to stay for awhile before it dips
Integrating more competition domestically for market share control. You can't just sit put when this news came out or else you'll become a dinosaur. I think I read somewhere along the lines where SMETRIC has contracts with SG government so that itself is a good pick up from where the sentiment left
However, if you probe further on other reasoning I don't really know what else that cause the spike since last Friday. That question might be better directed to Mr Market, all I have is assumptions haha
Plus, if you do more market research - you'll find that the market is pretty efficient in discounting or accounting news. Perhaps you'll see more of this happening in higher priced stocks than this lowly ones
I've been through trials of my own and I can say this with conviction: We all have assumptions and price together with momentum will either prove our hypothesis right or wrong. So adaptation is required