1 Cybersecurity Stock to Scoop Up After Q1 Beat and Raise

With much of Wall Street's focus still drawn to artificial intelligence (AI), weight-loss drugs, and major price swings in commodities - to name a few megatrends - there is one industry that continues to enjoy quietly surging demand, with near-constant reminders of its importance to the increasingly digital global economy. As online threats get more prevalent and more sophisticated, the cybersecurity industry is the first line of defense many tech-dependent companies have in keeping their customers and their business-critical assets safe from harm. 

Notably, one high-profile hacking incident with UnitedHealth Group (UNH) led to $872 million in Q1 charges alone, with total expenses from the breach expected to top $1 billion this year. In a separate incident, Microsoft (MSFT) claimed that its employees’ secret data was compromised by a Russian state hacker gang.