© Reuters.Snap up these 3 newly listed cyber security stocks
In the continuous and rapid global digitization process, network security plays a key role in protecting networks, equipment, and data. Therefore, we believe it is wise to acquire high-quality cybersecurity stocks NortonLifeLock (NASDAQ:), Qualys (NASDAQ:), and Radware (NASDAQ:) because they are in a favorable position. Status can benefit from the tailwind of the industry. In addition, the decline in their share prices provides an attractive entry point. continue reading. When reports of a new variant of COVID-19 called omicron first discovered in South Africa caused new concerns among investors, the economy is gradually recovering. Investors have been cautious in the past few weeks due to rising COVID-19 infection rates in Europe and record highs in October inflation data in the United States, so the market remains turbulent. However, preliminary reports indicate that concerns related to the COVID-19 omicron variant may be exaggerated, as the variant has been found to cause mild illness so far.
As digitalization sweeps across industries, the demand for cyber security has grown significantly. As data is now regarded as the new oil, it has become increasingly important for companies to spend on cybersecurity to protect their data from leaks. According to research and market reports, by 2026, the global network security market is expected to grow to USD 345.4 billion at a compound annual growth rate of 9.7%.
Given this background, we believe that the purchase of high-quality cybersecurity stocks NortonLifeLock Inc. (NLOK), Qualys, Inc. (QLYS) and Radware Co., Ltd. (RDWR), given its impressive growth potential.
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