Between 2021 and 2026, the cybersecurity market is predicted to increase at a compound annual growth rate of over 15%. The Internet of Things (IoT), machine learning, and artificial intelligence are all generating buzz in the industry. New investments in the sector are expected to be focused on smart cities. In the last four years, the total amount spent on cybersecurity projects has been close to $1 trillion. Fortune 500 firms have spent hundreds of millions of dollars, including JPMorgan Chase, Bank of America, and Microsoft. Even energy companies and pipeline operators are boosting their investments in the industry. According to Cybersecurity Ventures, the cost of cyber attacks would likely approach $6 trillion by 2021. If sufficient measures are not implemented, damage may reach $10 trillion by 2025. According to hedge funds, Palantir Technologies Inc. and Okta are two of the greatest cybersecurity stocks to buy right now.
Here is Insider Monkey’s list of the 10 best cybersecurity stocks under $10. According to Cybersecurity Ventures, the cost of cyber attacks would likely approach $6 trillion by 2021. If sufficient measures are not implemented, damage may reach $10 trillion by 2025. According to hedge funds, Palantir Technologies Inc. and Okta are two of the greatest cybersecurity stocks to buy right now. Nxt-ID, Inc. saw its stock price rise 44 percent after shareholders accepted two reverse stock split proposals. The firm filed a $12.5 million underwritten public offering in September. The firm was created in 2011 and is situated in Connecticut. BIO-key International, Inc. is a cybersecurity software company that sells a variety of products. The firm collaborates with a number of large corporations, including a Fortune 500 telecom firm. When compared to the same period last year, revenue increased by more than 200 percent in the second quarter. CSP Inc. has a market capitalization of $37 million and revenue of $61 million last year. The corporation has contracts with major defense companies such as Lockheed Martin. It also provides cloud services, which is a fast-growing business worldwide. SuperCom Ltd. is a cybersecurity and digital identity company. In California, it was recently given a contract to automate Juvenile Programming and Rehabilitative Services. In June, the company was awarded a $3.6 million project in Finland to deploy a PureSecurity Electronic Monitoring Suite. For more details, click the 10 Best Cybersecurity Stocks Under $10.
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