PANW - 5 Cybersecurity Stocks You Can Buy and Hold for the Next Decade
2024-01-21 06:45:00 ET
The cybersecurity sector is often considered an evergreen one because most companies generally won't lower their digital defenses to save a few dollars. It's also well-poised to expand over the next decade as cyberattacks become more frequent, more complex, and more difficult to counter.
According to Fortune Business Insights, the global cybersecurity market could enjoy a compound annual growth rate (CAGR) of 14% from 2023 to 2030. I believe five of this sector's top stocks -- Palo Alto Networks (NASDAQ: PANW) , CrowdStrike (NASDAQ: CRWD) , Zscaler (NASDAQ: ZS) , CyberArk (NASDAQ: CYBR) , and Tenable (NASDAQ: TENB) -- could be great long-term plays on that secular trend.
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5 Cybersecurity Stocks You Can Buy and Hold for the Next Decade