Masimo rallies after saying cyber attack won’t hurt 2025 sales

Masimo (MASI) disclosed earlier today in a regulatory filing that it intends to participate in discussions with investors during the upcoming week at which management will reaffirm the company’s updated financial outlook for the remainder of fiscal 2025 that it provided on May 6. At the present time, Masimo does not expect the cybersecurity-related incident reported on May 6 to materially impact the company’s revenue for fiscal 2025, or to prevent the company from fulfilling customer orders received to date or meeting seasonal demand. “The Company maintains cybersecurity insurance, and expects that the majority of out-of-pocket remediation costs incurred by the Company in connection with the incident will be covered by such insurance, and that any such costs will be non-recurring in nature,” Masimo added. The company said that at this time, its manufacturing operations are running at near full capacity, and the company’s critical order taking, distribution and shipping systems are fully operational. Shares of Masimo are up 4% to $156.11 in afternoon trading.