PANW - 2 Top Cybersecurity Stocks You Can Buy and Hold for the Next Decade
2024-03-22 04:50:00 ET
When you think of tech stocks, the phrase "recession-proof" doesn't normally spring to mind. That's because the industry is among the first to decline when fears of an impending economic downturn spike. Enterprises and consumers often look to delay or cancel IT spending when they're focused on saving cash, after all.
The cybersecurity niche within tech is a bit of an outlier, though. While it isn't immune to the swings in the wider economy, this industry is increasingly prioritized by big enterprises even when they are slashing spending elsewhere.
Yet not all cybersecurity specialists have what it takes to thrive in this competitive market. Let's take a closer look at a few that stand out as potential winners. Two in particular, Palo Alto Networks (NASDAQ: PANW) and Okta (NASDAQ: OKTA) , could make great long-term buy-and-hold stocks.
For further details see:
2 Top Cybersecurity Stocks You Can Buy and Hold for the Next Decade