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According to Fortune Business Insights, the global cyber security market is expected to grow at a CAGR of 12% over the next seven years to $366.10 billion. Investors’ interest in cybersecurity stocks is evident in First Trust NASDAQ Cybersecurity ETF’s (CIBR) 27.1% returns over the past nine months.
While large-cap stocks don’t typically offer rapid growth and most large-cap companies in the cybersecurity space are now operating at full scale, heightened volatility is typically associated with small-cap stocks. So, we think it might be wise to bet on mid-cap cybersecurity companies such as McAfee Corp. (MCFE), Trend Micro Incorporated (TMICY), Tenable Holdings, Inc. (NASDAQ:TENB) to capitalize on industry tailwinds.
