The Internet Security Stocks have been in a deep correction all year because of fears of slowing growth but still, there is no sign of that yet—results from Checkpoint Software (NASDAQ:CHKP) to SentinelOne, Inc. (NYSE:S) prove that demand for cyber security is not only still strong but accelerating on many fronts.
The latest news is from Zscaler, Inc (NASDAQ:ZS) which offers cloud-based cyber security solutions up to and including the enterprise level.
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The company just announced a top and bottom line beat and increased its guidance which is noteworthy not only because the sector is set to outperform in the Q3 and Q4 reporting period but because the entire sector has been lagging behind the S&P 500 since the pandemic bottom. That’s silly.
Cyber security stocks are as fundamental to the outlook of the Internet and the digitization of business as any part of the IT picture, and demand is driven by a widespread and growing need for safety. Each time the good guys make an advancement the bad guys make one to match.
Zscaler, Inc. Leads With Robust Results And Outlook