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Jim Cramer sees a bull market in cybersecurity

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CNBC’s Jim Cramer said demand for cybersecurity is high, indicating a potential bull market for the sector.

CNBC's Jim Cramer said he sees a bull market in cybersecurity, pinpointing names such as Palo Alto Networks, CrowdStrike, Okta and Zscaler.

"You always want to buy the stocks of companies in industries where demand is most rabid," Cramer said."The litany of hacks has made it clear that you either pay a king's ransom to the bad guys or you see your earnings slaughtered.""You always want to buy the stocks of companies in industries where demand is most rabid," Cramer said.

Cramer pointed to recent high-profile security breaches that came to light after the U.S. Securities and Exchange Commission ruled that companies have four days to reveal a hack, which showed the widespread nature of the issue.Feeling out of the loop? We'll catch you up on the Chicago news you need to know.

 

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