The Top 2 Cybersecurity Stocks Are a Smart Buy for 2022
The need for modern cybersecurity protection has attracted a lot of attention during the pandemic. Many organizations had been neglecting upgrading their IT infrastructure for years. Newly remote workforces, a rapid migration to cloud-based computing, and technologically advanced bad guys have resulted in cybersecurity software demand soaring since 2020.
However, many high-growth cybersecurity stocks trade for incredibly high premiums and have been falling lately given the expectation the Federal Reserve will start raising interest rates this year (high-growth stocks can be very sensitive to changes in interest rates, since higher rates lower the value of future cash flows). But companies that are growing and highly profitable could be poised for a great run in 2022. That's why oft-overlooked Palo Alto Networks (NASDAQ: PANW) and Fortinet (NASDAQ: FTNT) look like smart buys right now.
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Source Fool.com
