The cybersecurity sector continues to be a point of focus among investors owing to the growth potential in the industry. If you are currently looking into the possibility of looking into such stocks you could consider taking a look into Zerify Inc (OTCQB:ZRFY).
The company has been in operation for more than two decades and is currently in its involvement in providing secure videoconferencing solutions to its customers. Yesterday, the Zerify stock was in the middle of a remarkable rally and ended up with gains of as much as 60% at one point during intraday trading. Eventually, it ended the day with gains of as much as 37% and the trading volume in the stock had also been sevenfold its average daily trading volume.
The stock soared yesterday after the company announced yesterday that it expected strong revenues and higher growth through the course of this year and beyond. The Chief Executive Officer of Zerify, Mark L Kay stated that everyone at the company was thrilled about what the future held.
He noted that the secure video conferencing market is going to be worth in the $30 billion to $50 billion range by 2026. In addition to that, endpoint security is expected to be worth $25 billion in 2028 and Secure API’s account is slated to be worth $1.3 billion in 2023.
Kay noted that Zerify is the only company in the globe that serves all three markets at this point in time and hence, there was a massive opportunity to cash in on. However, that was not all. It was also announced yesterday that the company was going to be featured on the show New to the Street.
Appeared on Bloomberg TV Thrusday January 12, 2022 and will continue on other major TV networks Newsmax, Foxbusiness etc., throughout the next week…