2 Cybersecurity Stocks to Buy in 2023 Besides Microsoft
Cybersecurity has been a long secular growth trend, but rapid shifts toward cloud computing in the last couple of years have shone a spotlight on how far behind many organizations are in protecting their operations.
Amid the current scramble to fight cybercrime, one company has emerged as the clear-cut but oft-overlooked winner: Microsoft (NASDAQ: MSFT). Its security business surpassed $20 billion in revenue in calendar year 2022, up from $15 billion in 2021 and $10 billion in 2020. Yet, at the same time, its much larger consumer PC and software businesses are struggling as consumers pare back spending.
So if you're seeking a pure play in the rapidly growing cybersecurity space, give Palo Alto Networks (NASDAQ: PANW) and Fortinet (NASDAQ: FTNT) a look right now.
Source Fool.com
