Do you have any cybersecurity company stocks in your portfolio?
CrowdStrike recently released a new report on threats in the financial sector, which shows that the number of attacks on banks, fintechs and cryptocurrency companies is increasing sharply. The number of these attacks has risen by more than 40%. This clearly shows that with the rise of AI there will be more cyberattacks and companies like $CRWD, $PANW or $S will profit enormously. I have a moderately sized position in $CRWD and expect that growth to be much greater.
Back in 2020 I recommended CRWD to a friend when it was around $100 and I told him this would be massive growth in the future—of course I didn’t buy it myself, right? :-D Now I’m starting to build a medium position in $PANW, because I have lots of friends who work in the corporate IT/network world so I get info from them about various security tools and companies and they all agree that $PANW makes the most sense.
Hi, yes I have $FTNT. When I wrote at $75 that it was the best investment in the cybersecurity sector right now, people laughed and didn’t believe me. Reality is proving otherwise and we’re profiting! We’ll keep growing... From the cybersecurity space, FTNT made—and still makes—the most sense to me; CRWD and PANW are expensive, though of course good companies.