VIDEO: Investing in 60 seconds | Why cybersecurity giant, Palo Alto is outperforming the Nasdaq

Global governments and organisations are heavily investing in Cybersecurity each year to prevent cyberattacks. The US government is spending US$16 billion alone, on the sector this year. Australia's government is spending AU$9.9 billion on the sector over 10 years.

This type of investment is why companies like $Palo Alto Networks (PANW.US)$, continue to grow their revenue and earnings.

Consensus (or market estimates) also suggests these trends will continue for 2023.

$Palo Alto Networks (PANW.US)$ shares have also outperformed the Nasdaq 100 and they're up by 71% this year.

It's businesses like these; market leaders, with 50% of their income under contract that are gaining attention.

And so too, is the ETF, $BetaShares Global Cybersecurity ETF (HACK.AU)$, that tracks the biggest cyber security companies in the world.

The biggest holdings in the HACK ETF include $Palo Alto Networks (PANW.US)$, $Fortinet (FTNT.US)$, and $CISCO-T (04333.HK)$.

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Cutieshark : Thanks Jessica. Love the video form of explaining things. Wish we can see more of them in the future

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JasonDezmal619 : I enjoy watching your informative video on investment feel 2 send me more personalized videos of your take on the economic futures if this economy

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Jessica Amir

Moomoo Official Market Strategist

moomoo, market strategist. Seen/heard on Fox News Business, ABC, SBS, Reuters wires. Investor/Trader. Connect with me.

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