According to the Identity Theft Resource Center's 2022 Annual Data Breach Report, the number of incidents where data was compromised last year fell just 60 events short of the all-time record hit in 2021. The report also underscores why cybersecurity is no longer viewed as a luxury, but rather as a necessity for businesses of any size, and why the following pair of cybersecurity stocks are your best bets to buy in February. As a pure play in the cybersecurity market, Palo Alto Networks (NASDAQ: PANW) ought to be one of the top beneficiaries.
Zscaler (ZS) closed at $133.05 in the latest trading session, marking a -1.44% move from the prior day.
A brutal bear market may have put some investors off stocks. The emotional pain of seeing one's assets lose considerable value was undoubtedly too much for some investors to bear. Knowing this, investors may want to consider taking advantage of discounted prices in stocks such as MercadoLibre (NASDAQ: MELI), Zscaler (NASDAQ: ZS), Snowflake (NYSE: SNOW), and Shopify (NYSE: SHOP).