Stay informed about the performance of the S&P500 index in the middle of the day on Monday. Uncover the top gainers and losers in today's session for valuable insights.
With cybersecurity attacks mounting, companies are spending more money on defensive measures; these firms are among the leaders in the industry poised to gain.
Cyber security spending was only $188B in 2023 and, with corporate spending on cybersecurity forecast to grow at a CAGR of 13.8% between now and 2030 it suggests that a $2 trillion market exists for cyber security technology and service providers.
CrowdStrike, already down 7% on the week, crashed a further 11% on Friday as the result of a defective update being sent out that caused a global IT outage for Microsoft Windows hosts.
Cybersecurity stocks went up last week, in large part because BlackBerry reported Q1'25 earnings that exceeded expectations due to a major increase in cybersecurity revenue. That points to a more resilient demand for cybersecurity solutions.
The damage inflicted by cybercrime could reach as high as $10 trillion by 2025 and, as such, sophisticated cybersecurity to protect networks, systems and other digital infrastructure from malicious attacks is more crucial than ever.
Corporate spending on cyber security is forecast to grow at a CAGR of 13.8% between now and 2030 and that is expected to have a positive affect on the value of the 7 pure-play stocks in the cyber security category.
