Not many people would dispute the importance of cybersecurity in organizations. Cyberattacks are up over 500% since the start of the COVID-19 pandemic. Companies spend billions of dollars annually protecting data from breaches and phishing schemes. With that said, cybersecurity awareness training generally does not come to mind as an important piece of the solution.
I'd like to introduce you to a company that would like to change that. Today, I do a deep-dive stock analysis on KnowBe4 (KNBE 0.08%), a security awareness training company that simulates phishing attacks to educate employees and prevent social engineering cybercrime. KnowBe4 is an extremely scalable solution that focuses on an underpenetrated market within the cybersecurity universe, the human layer. The company leverages machine learning and artificial intelligence to create automated training campaigns with detailed reporting and analytics for decision makers.
In 2020, KnowBe4 was named a leader in the Forrester Wave For Security Awareness and Training Solutions. It has over 41,000 customers and tens of millions of end users. The company launched its IPO in April of 2021, and it recently reported impressive Q2 earnings, which highlighted strong growth and improving financials.
In today's video, I provide detailed analysis about KnowBe4 and its stock. Could this company be the next big thing in cybersecurity and boost your long-term investing portfolio? Watch the below video for more information and my opinions.
*Stock prices used in the below video were during the trading day of September 9, 2021. The video was published on September 9, 2021.