2 Cybersecurity Stocks With Serious Long-Term Wealth-Building Potential
CrowdStrike and Palo Alto are positioned for long-term growth.
Overview
Cybersecurity spending continues to climb, and artificial intelligence (AI) is creating even more systems that businesses need to protect. In fact, technology research firm Gartner estimates that global information security spending will reach roughly $244 billion in 2026. Gartner also expects spending specifically on AI cybersecurity to nearly double from $25.9 billion in 2025 to $51.3 billion this year. Two companies are particularly well positioned to capture that spending are CrowdStrike (NASDAQ: CRWD) and Palo Alto Networks (NASDAQ: PANW).
CrowdStrike built its reputation protecting computers and other devices from cyberattacks. But its Falcon platform has expanded well beyond that.
Details
Today, CrowdStrike offers 34 cloud-based security modules covering everything from endpoint and cloud security to identity protection, threat intelligence, data protection, and cybersecurity for generative AI. That broad portfolio gives CrowdStrike a strategic advantage. You see, once a business uses Falcon for one security function, CrowdStrike can sell that customer additional products without having to win an entirely new account. In fact, 51% of its subscription customers now use at least six Falcon modules, while 26% use eight or more.
Source
Originally published at www.fool.com.