2 Cybersecurity Stocks That Will Rule 2027
As AI-related fears increase, cybersecurity stocks could be the heroes that businesses and investors need.
Overview
Recent headlines about the dangers posed by advancing artificial intelligence systems have stoked fear among individuals and businesses alike. The threat that bad actors could use such tools to hack corporate systems is a growing concern for management teams in most, if not all, industries.
This is leading to a surge in spending on cybersecurity protection, and two companies poised to capture much of that growing market in the coming years are CrowdStrike (NASDAQ: CRWD) and Fortinet (NASDAQ: FTNT).
Details
CrowdStrike's growth has been tremendous. In its latest fiscal quarter, revenue grew 26% year over year to $1.47 billion. Free cash flow also hit $377 million. The company has plenty of cash to invest in itself and improve its ability to keep pace with AI-related threats.
Source
Originally published at www.fool.com.