Technology stocks have helped power the current bull market, which is now a little over two years old. With the average bull market lasting approximately five and a half years, this group should have some solid room to keep running.
Cybersecurity is a broad industry in the computer and technology sector that is comprised of many types of firms targeting different aspects of online protection. Just as home security can encompass surveillance cameras and alarm systems to panic rooms and fireproof safes, cybersecurity can entail endpoint and events monitoring to backup and data protection.
The technology sector is a dynamic and ever-evolving market terrain where innovation is paramount to survival and growth. Cutting-edge developments are revolutionizing industries, creating a wealth of unique opportunities for investors who know where to look.
SentinelOne's products lead in cybersecurity niches, driving customer growth and expected revenue increases. Singularity platform ranks No. 1 for 4th year; Purple AI shows strong growth and customer adoption, enhancing security operations. Revenue rose 28% to $211M; 4Q guidance at $222M; ARPU expected to grow 3% quarterly; marketing costs stable.
SoundHound AI's (SOUN 15.38%) stock soared more than 940% over the past 12 months. The developer of speech and audio recognition tools dazzled investors with its accelerating growth and support from Nvidia, which increased its stake in the company and integrated its services into its own Drive platform.
Cybersecurity was a big news topic in 2024, and largely for the wrong reasons. While there continues to be a number of high-profile security breaches, the biggest incident of 2024 was a CrowdStrike (CRWD 0.53%) outage that was felt around the globe.
Two years ago, IonQ's (IONQ 0.69%) stock sank to an all-time low of about $3. The quantum computing company lost its luster as it missed its own growth estimates, racked up steep losses, and grappled with the departure of its co-founder.
The cybersecurity field is a lucrative but crowded industry. Fortune Business Insights forecasts this industry will expand at a compound annual growth rate (CAGR) of 14% through 2032.
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