S&P 500 volatility, cybersecurity opportunities
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cybersecurity spendingThe Motley Fool
•1 Magnificent Stock Down 57% to Buy During the September S&P 500 Sell-Off
81% Informative
Cybersecurity stocks might be a great place for investors to look, because the threat landscape is growing more treacherous for businesses.
Zscaler created the Zero Trust Exchange platform, which includes a suite of powerful tools for modern, cloud-based organizations.
Its stock is trading 57% below its all-time high, which was set during the tech frenzy in 2021 .
Zscaler values its addressable market at $96 billion , so it has barely scratched the surface of its opportunity.
As a result, businesses are likely to ramp up their cybersecurity spending as time goes on.
That's a key reason to own its stock for the long term, but another reason is because it's relatively cheap.
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