It's an interesting time to own cybersecurity stocks. The industry is growing fast as digital transformation sweeps across the globe, and investors in the companies that work to protect all the data that lives online have been richly rewarded over the past few years.
However, the torrid growth of cloud and edge computing and other digital transformations have left the door open to disruption, and numerous upstarts have taken the opportunity to win business at the expense of older security firms. There's no denying that the landscape for cybersecurity investing looks much different today than it did a decade ago, and it will likely look very different in another 10 years.
Blindly investing without knowing the underlying dynamics can be disastrous.