Wedbush’s cybersecurity channel checks with enterprise CISOs revealed higher threat levels leading to “eye-popping” spending and budgets in the field.
Growing cyber threats and the enterprises’ cloud and digital shift served as a big boost for the cybersecurity sector, making it a focus sector for tech investors.
The cybersecurity industry led by players like Palo Alto Networks Inc., Zscaler Inc., CrowdStrike Holdings Inc., SentinelOne, Check Point Software Technologies Ltd., CyberArk Software Ltd., and Tenable Holdings Inc., played a crucial role in protecting governments and enterprises from Russian cyberattacks.
The cybersecurity players also proved very successful in this ongoing cyber warfare that kicked off along with the Ukraine war.
By Anusuya Lahiri
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