Gabelli Funds Portfolio Manager Hendi Susanto in Kiplinger

9 Cybersecurity Stocks to Buy Now

Along with the rest of the technology sector, the cybersecurity industry has come under pressure. Since late 2021, shares of the Global X Cybersecurity ETF (BUG (opens in new tab)), which tracks a basket of cybersecurity stocks, have dropped from $35 to around $22 at present.

But with valuations down, this does look like a good opportunity for investors, especially for those with a long-term perspective. For the most part, the growth prospects for cybersecurity stocks remain strong.

According to a survey from Gartner, chief information officers say that cybersecurity is the highest priority (opens in new tab). Roughly 66% have noted that they plan to increase spending in 2023.

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