A 38% rise in global cyberattacks has led to significant growth in the cybersecurity sector, prompting strong investment interest. Fortinet's impressive financials include $4.4 billion in sales last year and projected earnings of $5.4 billion for 2023, with a nearly 50% increase in non-GAAP net income. Industry peers like Akamai and SentinelOne are also experiencing robust sales growth, further solidifying the importance of cybersecurity stocks in investor portfolios.
“cybersecurity stocks to buy · have become · an essential consideration · true”
“global cyberattacks · increased by · 38% · last year compared to 2021”
“average cost of malware-related attacks · hovers over · $1.4 million · true”
“Fortinet · is a · top cybersecurity stock to buy · true”
“Fortinet · delivered · $4.4 billion in sales · 2022”
“Fortinet's non-GAAP net income · soared almost · 50% · to $1.19 per share”
“Fortinet · expects revenues to continue to grow · $5.4 billion in sales · for the year”
“Akamai · is a · leader in providing CDN services · true”
“Akamai's security services segment · contributed roughly · 42% of its overall sales · last year”
“SentinelOne · is a · California-based cybersecurity specialist · true”
“SentinelOne · delivered annualized recurring sales of · $549 million · last year”
“Shares of Viking Therapeutics · have surged · 70% · on Mar 28”