2023-04-28 09:00:00 ET
Tenable (NASDAQ: TENB) and Zscaler (NASDAQ: ZS) represent two very different ways to invest in the booming market for cybersecurity services. Tenable's Nessus platform proactively prevents cyberattacks by scanning networks for misconfigured software, weak passwords, and other security issues. Zscaler's cloud-based platform provides zero-trust services that treat everyone -- including a company's CEO -- as a potential threat to minimize the chances of a data breach.
Both cybersecurity companies have grown rapidly over the past few years. Tenable, which went public in 2018, increased its annual revenue at a compound annual growth rate (CAGR) of 26% from 2018 to 2022. Zscaler went public the same year, and its annual revenue rose at a CAGR of 55% between fiscal 2018 and 2022 (which ended last July).
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Better Cybersecurity Stock: Tenable vs. Zscaler