26 Mar 2 Artificial Intelligence (AI) Cybersecurity Stocks To Buy: CrowdStrike And Tenable
This week in cybersecurity from the editors at Cybercrime Magazine
–Read the Full Story in The Motley Fool
Sausalito, Calif. – Mar. 26, 2024
The Motley Fool reports that the benchmark S&P 500 index is up 10.5 percent in 2024 so far, and it’s on track to enter April near an all-time high. However, that doesn’t mean there is an absence of opportunities for those looking to buy stocks.
According to a prediction by Cybersecurity Ventures, cybercrime will cost the world $9.5 trillion in 2024. But McKinsey & Company says cybersecurity spending in the corporate sector is grossly inadequate.
This spells opportunity for some of the leading providers of cybersecurity software, including Tenable (NASDAQ: TENB) and CrowdStrike (NASDAQ: CRWD), according to The Motley Fool.
Tenable stock is cheap relative to most of its peers. Based on its 2023 revenue and its market capitalization of $5.8 billion, it trades at a price-to-sales (P/S) ratio that is far below CrowdStrike’s or Palo Alto Networks’.
Crowdstrike recently told investors it plans to nearly triple its annual recurring revenue to $10 billion within the next five to seven years — and in that context, the stock might also look cheap to long-term investors, even though it’s trading near an all-time high right now.
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.
