Cybersecurity Stocks Are Soaring, but This One Might Still be a Bargain
This stock is much cheaper than its rivals like CrowdStrike, Palo Alto Networks, and Zscaler.
Overview
Artificial intelligence (AI) is a powerful technology with the potential to dramatically improve economic productivity. But over the last few months, AI agents developed by labs like OpenAI have escaped test environments and autonomously launched cyberattacks on corporate and government websites, raising concerns about the safety of critical digital infrastructure.
Understandably, cybersecurity is now a top priority for most organizations, so some of the best providers have seen their values soar. Tenable (NASDAQ: TENB) stock, for instance, is now sitting on a year-to-date gain of 48.6% (as of the market close on Tuesday, Sept. 29), outperforming the S&P 500 (SNPINDEX: ^GSPC) by a factor of four.
Details
Tenable specializes in exposure management, a proactive form of enterprise-grade cybersecurity that identifies vulnerabilities in corporate networks before cyberattackers can exploit them. The company is likely to see growing demand for its products over the next few years, so its stock could be a great long-term investment, especially since it trades at a steep discount to its rivals.
Source
Originally published at www.fool.com.