2 Top Cybersecurity Stocks to Buy in January
Wall Street ran away from the tech sector in 2022. The Nasdaq Composite is down over 24% in the past year as inventors worry about the increasing cost of debt and a slowing economy. Software specialists were hit hard, especially if they are at the point in their development where they are still trying to generate sustainable growth and profitability.
The cybersecurity niche offers some attractive counterpoints to that bearish outlook. Demand for digital security is steadily rising and could expand for many more years as more business and entertainment moves into the cloud.
With that prospect in mind, let's look at two well-positioned companies in the cybersecurity space. Read on for some good reasons to like Microsoft (NASDAQ: MSFT) and Palo Alto Networks (NASDAQ: PANW) here in early 2023.
Source Fool.com
