4 Cybersecurity Stocks That Could Be Ready to Breakout

Cybersecurity attacks have become a disturbing norm in recent years. Data breaches soared by over 70% between 2021 and 2023, and some experts predict that the global cost of cybercrime will top $10 trillion next year.

Cybersecurity stocks were one of several darling themes for growth investors during 2021 and soared to record highs during this year. However, what has happened between 2022 and 2024 has likely created an extremely attractive setup for equities in this space.

Companies are still growing revenue at a respectable rate, and it is pretty clear that the risk of cybercrime will not likely disappear anytime soon. Moreover, many companies are beginning to realize that they need to ramp up many types of IT investments, and cybersecurity may be at the top of the list.

Despite these significant trends, cybersecurity equities have had lackluster performance in recent years. H2 2024 looks like a wonderful time to take advantage of the relative low in leading cybersecurity companies.

Read more to learn about four intriguing stocks in this industry that could be poised for another breakout in 2025.

Cybersecurity Market Outlook

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