Which Cybersecurity Stock is a Better Investment? -Breaking
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Rising demand for advanced cybersecurity solutions to guard against increasing cyberattacks and data breaches has been driving the cybersecurity industry’s growth. Cloudflare, Check Point Software (CHKP), and Cloudflare are both well-known players in the space. Which stock is the best buy right now? Check out the following two companies that are prominent in cybersecurity. NET is a global cloud platform which provides a variety of services for various sectors and government agencies. The company provides businesses with a unified control plane to provide security, performance, and reliability across their on-premises, hybrid, cloud, and Software-as-a-Service (SaaS) applications. CHKP is a global provider of IT security software and hardware. It offers network, endpoint, and data security solutions. They also sell them via distributors, system integrators and OEMs.
As digitization has become more widespread, both governments and enterprises have made increased investments in cybersecurity to safeguard themselves against cyberattacks. By 2025, the cybersecurity market will grow by 10.5% to $231.74 trillion. Both NET and CHKP will benefit.
But, while CHKP’s shares have declined by 1.4% in price over the past nine months, NET has surged 130.6%. NET is also a clear winner with 57.1% gains versus CHKP’s 2.6% returns in terms of their past month’s performance. Which stock is better? Let’s find out.
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