• SPX
  • $5,782.76
  • 1.23 %
  • $70.07
  • DJI
  • $42,221.88
  • 1.02 %
  • $427.28
  • N225
  • $39,309.49
  • 2.17 %
  • $834.81
  • FTSE
  • $8,172.39
  • -0.14 %
  • -$11.85
  • IXIC
  • $18,439.17
  • 1.43 %
  • $259.19

Cybersecurity Spotlight: 7/16/24

By Lisa Fritscher   |   Jul 17, 2024 at 01:18 PM EST   |   Companies
Cybersecurity Spotlight: 7/16/24

Cyberattacks are only continuing to rise, hitting small businesses and major household names alike. In fact, they cost around $9.5 trillion globally each year, and this number is expected to increase by another trillion dollars in 2025. The rise of generative AI is increasing the risks, but it can also be used to combat cyber threats. Two cybersecurity companies with a heavy focus on AI are having a moment right now.

Tenable (NASDAQ: TENB)

Tenable has historically focused on vulnerability management. Its Nessus platform is both the most accurate and the most widely used tool for vulnerability assessment. The company has recently released a new suite of cybersecurity products, all fully integrated into Nessus, that are specifically tailored to different industries. Its ExposureAI model, launched last year, has the largest bank of exposure data in the industry, giving it an advantage that could launch Tenable into market leadership. With more than $900 million in revenue this year and a forward price-to-sales (P/S) ratio of just 5.6, it’s also an excellent buy.

Zscaler (NASDAQ: ZS)

Zscaler’s Zero Trust Exchange helps companies solve one of the biggest problems with remote work: How do managers know if the person signing in is really the person who is authorized, or a bad actor with stolen credentials? The Zero Trust Exchange assumes every login attempt is potentially hostile. It analyzes a host of data, including location and device, before allowing a remote login to connect. It also provides access only to the apps for which each employee has authorization, rather than the entire network.

Zscaler is still relatively small, but it’s growing rapidly. The company’s revenue is up more than 30% this fiscal year, and its third quarter non-GAAP profit is up by about 86% YOY. Its forward P/S ratio is currently 14.2, making the company a great choice for investors.

Neither Lisa Fritscher nor Stocks.News have positions in either of these companies.

Did you find this insightful?

Disclaimer: Information provided is for informational purposes only, not investment advice. We do not recommend buying or selling stocks. Stock price discussions are based on publicly available data. Readers should conduct their own research or consult a financial advisor before investing. Owners of this site have current positions in stocks mentioned thru out the site, Please Read Full Disclaimer for details Here https://app.stocks.news/page/disclaimer

Lisa Fritscher

Lisa Fritscher

Contributing Writer

Lisa Fritscher has been a contributing writer for App.Stock.News since 2024. Lisa has been interested in investing since winning The Stock Market Game in high school. In more than a decade as a professional writer, she has written consumer-facing financial information and advice articles for a wide variety of publications. She has a Bachelor of Arts in Psychology from the University of South Flori...


We are preparing, please wait

×
New Alert

Select an alert type

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.

New Alert

Setup alert

×

Premium Content

This content is only available for premium members. Please become a paid member to access.

Download App

Currently, memberships can only be purchased through the app.

×

Log In


or

download app using google store Continue with Google download app using apple Continue with Apple

Email Verification

An email with a verification code has been sent to your email address.

Welcome to Stocks.News!

Create Your Account

Email Verification

An email with a verification code has been sent to your email address.