March 26 2 Artificial Intelligence (AI) Cybersecurity Stocks to Buy: CrowdStrike and Tenable
This week on cybersecurity from the editors of Cybercrime Magazine
–Read the full story at The Motley Fool
Sausalito, California – March 26, 2024
The Motley Fool reports that the benchmark S&P 500 is up 10.5% in 2024 so far, and is on track to enter April near an all-time high. However, this does not mean that there is an absence of opportunities for those looking to buy stocks.
According to a prediction from Cybersecurity Ventures, cybercrime will cost the world $9.5 trillion in 2024. But McKinsey & Company says cybersecurity spending in the business sector is woefully inadequate.
That means opportunity for some of the leading cybersecurity software providers, including Tenable (NASDAQ: TENB) and CrowdStrike (NASDAQ: CRWD), according to The Motley Fool.
Tenable stock is cheap compared to most of its peers. Based on its 2023 revenue and market cap of $5.8 billion, it trades at a much lower price-to-sales (P/S) ratio than CrowdStrike or Palo Alto Networks.
Crowd strike recently told investors that it plans to nearly triple its annual recurring revenue to $10 billion over the next five to seven years – and in that context, the stock could also look cheap to investors in the long term, even if it is trading at an all-time high. right away.
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- TO HACK. Another organization is hacked every day. We tell you who, what, where, when and why.
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