Cybersecurity Stocks List of Cybersecurity Stocks

Nasdaq-exchange listed PAN was also the best performing cybersecurity stock among the five largest cybersecurity companies by market cap, gaining 4.4% over the month and was trading at $533.51 on 7 March. CISA has updated and published a list of precautions and best practices for handling cyber-attacks on its website. The warning has heightened awareness of cybersecurity and demand for related products, boosting several leading cybersecurity stocks’ prices over the past month. SentinelOne (S) is a relatively new cybersecurity stock, only going public via an initial public offering (IPO) in June 2021.

Based on your research and analysis, you can determine your investment strategy, including the amount you want to invest and the specific cybersecurity stocks you wish to purchase. Consider diversifying your portfolio by investing in multiple cybersecurity companies or through cybersecurity ETFs or mutual funds. But investing in cyber security isn’t just a smart financial move; it’s also an opportunity to contribute to a safer and more secure digital world. Investing in cybersecurity companies can help support the development of innovative technologies that protect against cyber threats and safeguard sensitive data. Tenable’s exposure management platform integrates risk-based vulnerability management, web application security, cloud security and identity security.

However, following the acquisition of Avast, there’s been a lot of speculation that Kape Technologies could also be the target of a larger cybersecurity firm. Unlike Darktrace, Kape Technologies became profitable three years ago and continued ever since. For its H1 results, https://g-markets.net/helpful-articles/what-is-spread-in-forex-trading-and-why-does-it/ it reported operating profit was up 333% to $59 million and revenues were up 216% to $302 million. Open an account or log in to trade Darktrace shares and view its live share price. Open an account or log in to trade SentinelOne shares and view its live share price.

Analyzing companies this way will help you find record-setting cybersecurity stocks in which to invest. IBM’s security division offers customers an advanced and integrated portfolio of enterprise security products and services. IBM X-Force helps businesses and organizations integrate security solutions into their everyday functions, and provides help with risk assessment, incident detection and threat response. Cybersecurity continues to be one of the fastest growing segments within software for good reason. Almost every company is slowly finding itself becoming a technology company and facing rising cybersecurity risks. Businesses are accelerating adoption of cloud based software, moving data and applications into the cloud to save costs while improving performance.

Additionally, Check Point has a diversified clientele, with 49% of its sales coming from Europe, the Middle East, and Africa. Comparatively, Asia makes up 10% of the total, while the Americas make up 40%. In regards to cybersecurity, CSP’s solutions help organizations protect their data and networks from cyber threats, including managed security services, threat detection and response, and compliance management. Through its software products, the company offers a variety of security solutions that help its customers tackle cybersecurity challenges, including asset management and identification, access control, and data protection. Whether through investing in individual cybersecurity companies, cybersecurity ETFs or mutual funds, investors have various options depending on their investment goals, risk tolerance and personal preferences. Cloud security refers to the practices and technologies designed to protect cloud computing environments and their data and applications.

What Are the Main Types of Cybersecurity?

For their efforts, Radware has been able to consistently grow its revenues, earning over $290 million in 2022. If we were to offer one hesitation, it would be that the company is trading at a relatively high P/E ratio of 60.60. This is reflected by Mitek earning $139 million in revenues and $6.8 million in profits over the trailing twelve months. As such, Mitek has been able to strengthen its reputation internationally and find solutions that satisfy the needs of a variety of unique markets.

While there are big competitors in the identity market, including blue chip stock Microsoft (MSFT), Okta has the advantage of being neutral. Okta (OKTA, $82.16) is a leading developer of technologies for identity, which allows for secure access, authentication and automation. This is for a variety of systems like cloud and mobile apps, on-premises servers and APIs (Application Programming Interfaces). Besides these technologies, Fortinet also has offerings like encryption applications, universal zero trust network access, and security for LANs (Local Area Networks) and WLANs (wide-area networks). Furthermore, the company reported that it had returned over $2 billion to its shareholders through share repurchases year-to-date. Moreover, recent trends have increased the firm’s clout and competitiveness within the industry, making now the perfect time for new investors to take advantage of this incredible investment opportunity.

Cybersecurity industry overview and outlook

The platform uses context-driven analytics to help understand and reduce cybersecurity threats. Check Point Software is classified as part of the unified threat management sector, and it offers numerous products to protect users on mobile, networks and the cloud. It also provides users with various security management services to prevent future cyber attacks and data breaches. In 2021, Check Point acquired Avanan, a cloud email and collaboration security company.

Since its beginnings as an email security provider, the company’s clientele now comprises large and mid-sized businesses. Fortinet provides end-to-end cybersecurity infrastructure products and services, such as firewalls, antivirus tools, intrusion prevention and endpoint security. The company’s cybersecurity platform can address critical security challenges and can protect data across digital infrastructure systems, whether in networked, application, multi-cloud or edge environments. In addition, some security vendors are shifting to software-based subscription business models from selling hardware appliances. Several cybersecurity stocks prices were boosted by increased demand as more companies adopted cloud-based security platforms for remote working.

Should You Invest in Cybersecurity?

Once you understand the cybersecurity industry, you can start identifying specific companies you believe have the potential for growth and long-term success. A great place to start is MarketBeat’s curated list of the best cybersecurity stocks. In fact, it provides myriad digital resources centered on the management of data centers, cloud network security, and financial reporting services, among other contemporary relevancies. It might even be better if the practice wasn’t raising your blood pressure. Featuring a multi-tiered security network for enterprise-level clients, IBM offers various threat intelligence and cloud security solutions.

Get an in-depth understanding of Cybersecurity and related topics, explore insightful articles and courses at JanBask Training. Another recent pure-play cybersecurity startup to debut on the stock market is SentinelOne. SentinelOne’s initial public offering (IPO) in June 2021, the largest ever for a cybersecurity company, raised $1.2 billion in cash and valued the company at $10 billion. The stock has fallen below its IPO price due to SentinelOne’s slowed revenue growth and a difficult year for the stock market in 2022.

With the amount of data traveling across the internet steadily on the rise, CDNs are becoming increasingly important. More people than ever are using the web for everything from entertainment to work. To bolster its network security offerings and protect its customers from ransomware attacks, Akamai acquired Israel-based Guardicore in 2021 and cloud infrastructure platform Linode in early 2022. Palo Alto Networks is the largest pure-play cybersecurity operation by revenue and market cap. Now also a leading cloud security provider, this legacy business is highly competitive in the cybersecurity industry.

Top Cyber Security Penny Stocks to Buy

However, past performance does not guarantee future success and investors should conduct thorough research and consider their investment goals and risk tolerance before making investment decisions. Advancements in technology are also expected to have a significant impact on the cybersecurity landscape. New and emerging technologies such as the Internet of Things (IoT), artificial intelligence (AI) and blockchain offer many benefits but also introduce new risks and challenges. For example, the proliferation of IoT devices could increase vulnerabilities and potential entry points for cyber attacks.

These are the cybersecurity stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows you’re paying less for each dollar of profit generated. Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing. Meanwhile, CrowdStrike uses machine learning and a specialized database to detect malware on laptops, mobile phones and other devices that access corporate networks. In addition, many software companies are using artificial intelligence to get a competitive edge.

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• According to the International Data Corporation, worldwide spending on security services is expected to grow 12% to $219 billion in 2023.
• The company expects its annualized recurring revenue to grow at a double-digit rate over the next couple of years.
• After purchasing cybersecurity stocks, you should monitor your investments regularly to ensure they meet your expectations.
• Cybersecurity is still one of the most compelling secular growth opportunities.

Before investing in any cybersecurity stocks, it’s essential to have a good understanding of the industry’s landscape, trends and challenges. You can start by reading news articles, industry reports and company earnings reports to understand the industry’s overall performance. Cybersecurity protects digital systems, networks and sensitive information from unauthorized access, theft and damage. In today’s world, where cyber attacks are becoming increasingly common, cyber security has become a critical concern for individuals, businesses and governments. Every day, it processes more than 280 billion transactions and prevents 9 billion security violations.

Cloudflare

Organizations have been faced with new security challenges as cloud computing and remote work have become essential. As a result, many cybersecurity stocks were top performers in 2020 and 2021, boosted by strong demand for next-gen security software. California-headquartered cybersecurity group Palo Alto Networks (PANW) is a developer and provider of cybersecurity products.

The fund manages $1.4 billion of assets and also has an expense ratio of 0.6%. With $4.8 billion of assets under management in early 2023, First Trust NASDAQ CEA Cybersecurity ETF (CIBR -1.14%) is the largest of its kind. The ETF is composed of 35 stocks in the cybersecurity industry and has an annual expense ratio of 0.6% (or $6 in annual fees for every $1,000 invested), making it an affordable option. As a high-growth segment of the tech industry, cybersecurity offers investors lots of upside in the decade ahead.

• Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
• While there are many established players in this market, an investor may be able to take advantage of higher growth opportunities by investing in cybersecurity penny stocks instead.
• Companies with quarterly EPS or revenue growth of over 1,000% were excluded as outliers.
• While it still earned $676 million in profits and $3.30 billion in revenues in 2022, Turkcell has experienced a slow and steady decline over the past decade.
• Fortinet expects “several more years of solid growth as Fortinet is well positioned to address our $174bn market opportunity”.

However, the company has incurred a net loss of $50.46m in the third quarter of fiscal year 2022. However, it’s essential to do your research before investing to ensure you know what you’re buying and the potential risks. The company also develops edge computing technology, which moves data from centralized data centers to end users. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

The full year fiscal 2022 revenue is forecast at $1.045bn to 1.05bn, with net income projected at $95m to $98m. As a result, the company is expecting Q1 fiscal 2022 revenue at $205m to $206m, with net income of $0.5m to $1.5m. The full year fiscal 2022 revenue is forecast at $927m to $931m, with net income projected at $10m to $14m. In response to the rising revenue, PAN has raised its fiscal year 2022 revenue guidance to $5.425bn to $5.475bn, an increase of 27-29% compared with fiscal 2021.