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Google's $32B Deal Fuels Cybersecurity Boom: Bet on OKTA, FTNT Stocks
OKTAOkta(OKTA) ZACKS·2025-03-25 14:25

Alphabet’s (GOOGL) recent agreement to acquire cloud security firm Wiz for 32billionmarksitslargestdealinhistoryandsignalsamajorshiftinthecybersecuritylandscape.AscompetitionincloudcomputingandAIsecurityheatsup,cybersecuritycompanieslikeOktaInc(OKTA)andFortinet(FTNT)couldseesignificantupside.Google’s32 billion marks its largest deal in history and signals a major shift in the cybersecurity landscape. As competition in cloud computing and AI security heats up, cybersecurity companies like Okta Inc (OKTA) and Fortinet (FTNT) could see significant upside.Google’s 32B Bet on CybersecurityGoogle’s cloud division is rapidly expanding, with annual revenues jumping 64% from 26.3billionin2022to26.3 billion in 2022 to 43.2 billion last year. However, Go ...