Are Cybersecurity Stocks a Buy Today?
Colonial ransomware attack highlights the demand tailwind.
The ransomware attack on Colonial Pipeline has drawn the spotlight back to cybersecurity stocks, but this incident is just one of many that have targeted companies and governments around the world. As the world evolves to become more digitized, so too do its threats.
For investors in cybersecurity stocks, these attacks are one of several tailwinds, says Morningstar senior equity analyst Mark Cash.
Jakir Hossain does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.