2023-10-07 06:15:00 ET
Cybersecurity stocks often remain resilient during economic downturns since most companies won't lower their digital defenses to save a few dollars. However, those headwinds can still make it tough to gain new customers.
That said, cybersecurity stocks are still great long-term plays for investors who can tune out the near-term noise. According to Fortune business Insights, the global cybersecurity market could still expand at a compound annual growth rate (CAGR) of 14% between 2023 and 2030.
To capitalize on that growth, investors should consider owning these three cybersecurity stocks : Palo Alto Networks (NASDAQ: PANW) , CyberArk Software (NASDAQ: CYBR) , and Tenable (NASDAQ: TENB) .
For further details see:
3 Cybersecurity Stocks You Can Buy and Hold for the Next Decade