1 Top Growth Stock Down 60% to Buy Before It Soars
Wall Street investment bank Morgan Stanley surveyed a group of chief information officers earlier this year. They indicated that cybersecurity is the last expense they intend to trim, even in the event of a recession. That should come as no surprise since a similar survey of corporate leaders conducted by consulting firm PricewaterhouseCoopers revealed that cyber risk was considered the No. 1 threat to their revenue.
In truth, companies are exposed more to cyber threats than ever because they continue digitizing their operations, and attackers are becoming increasingly sophisticated. That's why cybersecurity powerhouse Zscaler (NASDAQ: ZS) is thriving even in this weak economy. Yet, its stock has been caught up in the broader tech sell-off and it currently sits roughly 60% below its all-time high.
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Source Fool.com
