CRWD - 2 Compelling Cybersecurity Stocks That Could Soar in the Coming Months
2023-04-21 07:45:00 ET
The rapid pace of digital transformation has dramatically increased the attack surface for cyber threats. This has made cybersecurity a necessary service for protecting data and applications for enterprises and governments -- which means that the earnings of cybersecurity companies are relatively less vulnerable to macroeconomic pressures.
In TechTarget's global 2023 IT Priorities Survey, 63% of the North American respondents highlighted cybersecurity as the top spending priority. With cybersecurity being one of the best investment themes now, let's look at two compelling investments: Microsoft (NASDAQ: MSFT) and CrowdStrike (NASDAQ: CRWD) .
The first compelling cybersecurity stock to consider is technology giant Microsoft. Although its cybersecurity portfolio is a relatively small portion of its huge business, it is nevertheless an impressive one. Microsoft's security portfolio raked in revenue of over $20 billion in 2022, up 33% on a year-over-year basis. The company has also committed $20 billion worth of investments in its security solutions from 2021 to 2026.
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2 Compelling Cybersecurity Stocks That Could Soar in the Coming Months