Wedbush Names Its Favourite Cybersecurity Stocks Gaining From Growing Cyberattacks

• 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 (NASDAQ:PANW), Zscaler Inc (NASDAQ:ZS), CrowdStrike Holdings Inc (NASDAQ:CRWD), SentinelOne (NYSE:S), Check Point Software Technologies Ltd (NASDAQ:CHKP), CyberArk Software Ltd (NASDAQ:CYBR), and Tenable Holdings Inc (NASDAQ:TENB), 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.
• Price Action: PANW shares traded higher by 0.99% at $569.74 on the last check Friday.