From Nasdaq: 2025-01-19 04:40:00

Increased spending on cybersecurity is projected to rise from $183.7 billion in 2024 to $293.9 billion in 2028, a 60% increase. Investors are advised to consider cybersecurity stocks like CrowdStrike (CRWD) and Zscaler (ZS) to benefit from this trend. CrowdStrike remains a leader in endpoint security despite a recent IT outage. Its revenue grew 29% year over year, with a net dollar retention rate of 115%. Zscaler focuses on zero-trust security and saw a 26% revenue increase last quarter, with a net dollar retention rate of 114%. The company is making strides in the data security market and with federal government clients. Both stocks are trading at reasonable valuations based on their growth opportunities.



Read more at Nasdaq: 2 Cybersecurity Stocks You Can Buy and Hold for the Next Decade