With widespread digitization, enterprises and governments have increased investments in cybersecurity solutions to protect themselves from rising cyberattacks and large-scale data breaches. The cybersecurity market is expected to grow at a 10.5% CAGR to $231.74 billion by 2025. So, both NET and CHKP should benefit.
But, while CHKP’s shares have declined by 1.4% in price over the past nine months, NET has surged 130.6%. NET is also a clear winner with 57.1% gains versus CHKP’s 2.6% returns in terms of their past month’s performance. But which of these stocks is a better pick now? Let’s find out.