This Cybersecurity Stock Could Fall 50%

Rising competition, slowing growth, and a questionable valuation

Highlights:

• Despite a soft Q3 report last month, investors have bid this stock back up.

• But competitors are taking aim, and consistent acquisition spend raises real questions about underlying growth.

• Investors are still pricing in top-line growth. If that doesn’t come, there’s a case for 50%-plus downside.