Wedbush Names Its Favourite Cybersecurity Stocks Gaining From Growing Cyberattacks

  • Wedbush's cybersecurity channel checks with enterprise CISOs revealed higher threat levels leading to "eye-popping" spending and budgets in the field.
  • Growing cyber threats and the enterprises' cloud and digital shift served as a big boost for the cybersecurity sector, making it a focus sector for tech investors.
  • The cybersecurity industry led by players like Palo Alto Networks Inc PANWZscaler Inc ZSCrowdStrike Holdings Inc CRWDSentinelOne SCheck Point Software Technologies Ltd CHKP, CyberArk Software Ltd CYBR, and Tenable Holdings Inc TENB, played a crucial role in protecting governments and enterprises from Russian cyberattacks.
  • The cybersecurity players also proved very successful in this ongoing cyber warfare that kicked off along with the Ukraine war.
  • Price Action: PANW shares traded higher by 0.99% at $569.74 on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: NewsAnalyst RatingsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!