S - Better Cybersecurity Stock: SentinelOne vs. CrowdStrike
2024-02-17 06:54:00 ET
Modern businesses are now so digital that hackers and other malicious actors are potentially the greatest threats these companies face. According to IBM , a breach can cause $4.45 million in damages, 15% more than just three years ago.
Today's cybersecurity market is valued at roughly $222 billion and could grow by 12% annually through 2030. It's a highly competitive field, but companies like CrowdStrike (NASDAQ: CRWD) and SentinelOne (NYSE: S) are emerging as rising stars with cutting-edge products.
Their rapid revenue gains in the quickly expanding broader security field make both stocks great long-term ideas for growth-oriented investors. But is one better than the other?
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Better Cybersecurity Stock: SentinelOne vs. CrowdStrike