This $5 Billion Stock Might Have a $2 Trillion Opportunity. Let Me Explain.
Cybersecurity is front of mind for many corporate executives right now as their business operations become more intertwined with the digital world. Technologies like cloud computing have delivered significant benefits, but they also leave companies exposed to malicious attackers around the clock.
In October of last year, consulting firm McKinsey & Company published a report warning that companies weren't investing enough in cybersecurity. According to the firm's estimate, the corporate sector will collectively spend about $189 billion on cyber protection in 2023, but it should be spending as much as $2 trillion.
That gap creates a substantial opportunity for cybersecurity software providers, particularly those developing proactive tools designed to protect against modern-day threats. Tenable (NASDAQ: TENB) is one of them; it's a leader in vulnerability management and serves over 43,000 organizations worldwide. The company is valued at just $5.5 billion right now.
Source Fool.com
