2 Top Cybersecurity Stocks to Buy in October
Cyberattacks have become increasingly complex and difficult to counter in recent years. They also highlight a dire need for many companies and government agencies to upgrade their aging cybersecurity defenses.
In a recent note to investors, Wedbush Securities analyst Dan Ives estimated that federal cybersecurity spending in the U.S. would increase 20% to 25% this year and consistently grow in 2022 in response to those threats. The global cybersecurity market could also expand at a CAGR of 10.9% between 2021 and 2028, according to Grand View Research.
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Source Fool.com
