2 Artificial Intelligence (AI) Cybersecurity Stocks to Buy: CrowdStrike and Tenable


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.

Read the full story

Cybercrime Magazine is the front page for cybersecurity. Access one of our sections to read the latest news:

  • SCAM. The latest schemes, frauds and social engineering attacks launched against consumers around the world.
  • NEWS. Comprehensive coverage of cyberattacks and data breaches, plus the latest privacy and security articles.
  • TO HACK. Another organization is hacked every day. We tell you who, what, where, when and why.
  • RESUME. Cybersecurity venture deals track the latest investment activity from various sources across the globe.
  • Mergers and Acquisitions. Cybersecurity mergers and acquisitions, including big tech, pure-play cybersecurity, product providers, and professional services.
  • BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
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