(C) Reuters. Zscaler vs. McAfee: Which Cybersecurity Stock is a Better Buy?
Zscaler (NASDAQ:ZS) and McAfee (MCFE) are two cybersecurity stocks that investors should consider. In 2020, ZS was an outperformed, while MCFE has grabbed the baton this year. Which of these is the better buy?.Cybersecurity stocks seem to get a pop anytime there is a high-profile hacking in the news with the most recent example being the Colonial Pipeline. It’s simply a reminder that companies are more reliant on technology which needs to be protected. For businesses, this is becoming as necessary as buying liability insurance to protect data and ensure operations are not disrupted.
Despite recent strength, many cybersecurity stocks are down between 20 and 40% over the last couple of months. Given the sector’s long-term fundamentals, this could be an interesting entry point.
Here is a quick look at a couple of the top cybersecurity stocks that might be worthy of a place in your portfolio: Zscaler (ZS) and McAfee (MCFE).
Zscaler vs. McAfee: Which Cybersecurity Stock is a Better Buy?
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