Microsoft Announces New Cybersecurity Products, but Are Small Security Software Stocks Really in Trouble?
Cybersecurity is a secular growth trend. With the world going digital, protecting data and systems is more important than ever before. Estimates point toward global cybersecurity software spending increasing at an average high-single-digit-percentage pace over the next five years, approaching or exceeding $300 billion a year.
Mighty Microsoft (MSFT -0.56%) is already the largest cybersecurity company around as measured by revenue, and it has its sights set on gobbling up more of this fast-growing market. It recently announced new cloud-based security products that seem likely to threaten top cloud security pure-play names like Palo Alto Networks (PANW -0.70%), CrowdStrike Holdings…