3 Top Cybersecurity Stocks to Buy in November
Roughly 1.5 billion cyberattacks could occur this year, according to internet security firm Kapersky. Those evolving and escalating attacks across an interconnected world are sparking robust demand for new cybersecurity services.
As a result, Grand View Research estimates the global cybersecurity market, which was valued at $156.6 billion last year, could grow at a compound annual growth rate of 10% between 2020 and 2027. Investors who want to profit from that secular trend should consider buying three promising players in this competitive market: Crowdstrike (NASDAQ: CRWD), CyberArk (NASDAQ: CYBR), and Cloudflare (NYSE: NET).
Crowdstrike's cloud-based platform, Falcon, bundles together endpoint security, threat detection, and cyberattack response services for large organizations. It serves nearly half of the Fortune 100 companies, including major banks, healthcare providers, and energy companies. Its cloud-native service is more flexible and scalable than the on-site appliances deployed by many older cybersecurity firms.
Source Fool.com
