2 Security Stocks to Buy, 1 to Sell

[Investing Insights Daily]( July 3rd, 2023 SPONSORED AD [The #1 Energy Passive Income Investment for 2023]( It's not a stock, bond or private company... But this little-known alternative investment could hand you BIG MONTHLY INCOME from the oil and gas surge in 2023. [Click here to find out what it is]( [2 Security Stocks to Buy, 1 to Sell]( Over the past year, the cybersecurity space gained immense traction due to the increasing cyber-attacks with the rapid digitization of operations, adoption of cloud solutions, and proliferation of smart devices. According to Statista, cybercrime costs are expected to [surpass $11 trillion in 2023](. Meanwhile, the [cybersecurity market’s revenues]( are projected to reach $173.50 billion in 2023. As companies look to defend themselves against a rapidly evolving cyber threat, investing in fundamentally sound security stocks Check Point Software Technologies Ltd. ([CHKP]( – [Get Rating]( and Radware Ltd. ([RDWR]( – [Get Rating]( could be wise. On the contrary, SentinelOne, Inc. ([S]( – [Get Rating]( might be best avoided considering its weak fundamentals. The ongoing transition of organizations toward a digital-first workplace post-pandemic has resulted in increased adoption of cloud applications for scalability, cost-effectiveness, and convenience. As a result, companies have become increasingly vulnerable to cyberattacks, necessitating the need to protect their data and systems. Earlier this year, Check Point Software Technologies Ltd. ([CHKP]( – [Get Rating]( reported that cyberattacks against cloud-based networks [rose 48% year-over-year in 2022](. As cloud adoption increases, it will become a more lucrative target for cybercriminals looking for increasingly sophisticated ways to infiltrate company systems. Adding to the worse, Cybersecurity Ventures stated that global cybercrime costs will grow 15% year-over-year, [reaching $10.5 trillion by 2025](. Propelled by the surging need for security solutions, the global cybersecurity market is projected to grow from $172.32 billion in 2023 to $424.97 billion by 2030, [exhibiting a CAGR of 13.8%](. To that end, investors could lay their hands on fundamentally sound security stocks CHKP and RDWR to capitalize on… Continue reading at [STOCKNEWS.com]( Copyright © 2023 StockNews.com | All Rights Reserved [Unsubscribe]( Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019