not vested
THE UPTREND IN DATA SECURITY
Most companies lose when hackers steal data. But today, we'll show you one that wins...
Regular readers know we are always looking to invest in big secular trends. Today, one of these trends is the personal data we store on the Internet... and the growing need for cybersecurity.
Last year's breach at credit-reporting bureau Equifax (EFX) compromised the personal information of about 145 million Americans. As hacks like this keep increasing, more businesses will turn to cybersecurity experts for help.
Today, we can see this concept at work in shares of the Proofpoint (PFPT)... Proofpoint's software helps secure companies' communications. It also defends against viruses and hacking attempts.
Earlier this month, Proofpoint reported that its sales jumped 36% from last year. Plus, it's setting its sights on future growth. Last year, it took over two other cybersecurity firms, Cloudmark and Weblife.
As you can see in the chart below, Proofpoint has soared. Shares are up more than 620% over the past five years...
And they just hit a new all-time high. More companies are turning to companies like Proofpoint for protection...
Source: Daily Wealth