QLYS: 3 Cybersecurity Stocks to Buy on the Pullback

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It’s time to learn about the best cybersecurity stocks to buy if you want to profit from the rising market. Another larger cybersecurity company, Fortinet, offers a wide range of tools, including intrusion-prevention and anti-malware software. Shares have risen nearly 20% since the war in Ukraine began, and the stock’s price-earnings ratio is 68, based on analysts’ forecasts for earnings for the year ahead. The company benefited from the rapid growth in the work-from-home environment.

How many cybersecurity companies are there?

In the United States alone, there are over 500 vendors in the cybersecurity industry.

Other popular cybersecurity ETFs are ProShares Ultra Nasdaq Cybersecurity and WisdomTree Cybersecurity Fund. Among exchange-traded funds, consider Global X Cybersecurity , with an expense ratio of 0.5%. In 2020, its first full year, it returned 70.8%, and it gained another 13% in 2021. Palo Alto, Fortinet, CrowdStrike, Tenable, NortonLifeLock and Qualys are holdings, so the ETF provides a handy way to buy some of my favorites.

Cloudflare (NET)

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  • BlackBerry stock rose by around 56.5% in 2017, and in its second-quarter results, released on September 28, the company posted record software and services revenues of $196 million.
  • The billings and remaining performance obligation grew by 40% to $1.8 billion and $6.9 billion, respectively.
  • Businesses know that they have to invest in cybersecurity or risk huge losses or outright failure.
  • Go to the Stock Comparison tool to compare more stocks on key indicators.
  • Cybersecurity stocks are a red-hot niche of the tech industry, so knowing how to invest in them can yield some big returns in the decade ahead.

The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product. razordeveloper razor developer It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Stockmarket.com and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.

Largest IT security companies by market cap

Experts project that by 2027, the segment will command a valuation of $16.6 billion, representing a CAGR of 23.5% from 2023 estimates. According to Fortune Business Insights, the network security segment’s valuation alone is expected to rise to $53.11 billion by 2029, representing a compound annual growth rate of 13% from 2022. Data analytics is a fast-growing segment of IT management, and Splunk is a central part of many organizations’ security and monitoring efforts. The company expects its annualized recurring revenue to grow at a double-digit rate over the next couple of years. Customer relationship management is a reference to how companies, especially technology firms, interact directly with their customers. Free Online Investing Workshop Join us for the Virtual Trading Summit and learn the fundamentals of smart investing!

First, you can invest or trade in individual stocks like Cloudflare, Norton, and Fortinet, among others. Tenable is also a potential takeover candidate in a sector that is consolidating. NortonLifeLock, a powerhouse on the consumer side of cybersecurity, is awaiting regulatory approvals to complete its merger with Avast, a firm based in the Czech Republic that focuses on protecting small businesses. Norton has a solid franchise and provides good balance to faster-growing, more-expensive companies in the sector. In the cyber world, hackers always have the upper hand, but defenders are catching up. The companies that deploy the software, hardware, intelligence and training to thwart attacks have gotten better at what they do.

Winning Cybersecurity Stocks From Q1 Earnings

Rapid7 reported revenues of $151.6 million, up 34% year on year, beating analyst expectations by 3.94%. It was a mixed quarter for the company, with a decline in gross margin but optimistic guidance for the next quarter. Following an impressive rally off the July lows, growth stocks, including plenty of technology names, limped into the end of August.

best cybersecurity stocks

Also, Okta is expanding into new security markets to take on CyberArk Software and SailPoint. Kristina is an experienced tech writer and researcher with a keen interest in cybersecurity for businesses and the general public. Swift adoption of Check Point’s data center appliances and consistent enhancements in data center product lines provide abundant top-of-the-line support. The company’s focus on boosting mobile capabilities also enables it to tap into new market sectors. Check Point Software Technologies is a worldwide provider of technology security solutions. As the demand for this industry balloons in a changing world, let’s look at five stocks that look promising for 2018, and which would work great as part of a cybersecurity ETF (Exchange-Traded Fund).

Profitability & Earnings

In particular, cybersecurity stocks are the shares​ of companies that engage in protecting data and systems belonging to individuals and organisations from unauthorised access. If a corporation is the target, the cost of recovery might run into millions of dollars. Therefore, rather than sitting back and waiting for an assault, many businesses are investing in security. Some experts predict that cloud security will post the biggest increase in 2022.

  • In the cyber world, hackers always have the upper hand, but defenders are catching up.
  • Revenue accelerated by 61% YoY to $487.8 million and annual recurring revenue also accelerated by 61% YoY to $1.92 billion.
  • As it expands cloud-based security services, Microsoft could pressure more industry incumbents, such as Okta, CrowdStrike, and Splunk .
  • Further, it behooves an investor to know which cybersecurity stocks address ransomware, phishing or other kinds of cyberattacks.
  • In particular, cybersecurity stocks are the shares​ of companies that engage in protecting data and systems belonging to individuals and organisations from unauthorised access.
  • With a dearth of cybersecurity talent available in the marketplace, organizations are finding CrowdStrike’s managed services to be a solution to stay ahead of threats.

When the bear market eases, investors might consider the Global X Cybersecurity ETF for a more broad exposure to the sector. It has also developed the lower cost Cloud MVX and MVX Smart Grid intelligent threat detection solutions for large enterprises and mid-market businesses. NortonLifeLock Inc.’s stock is expected to fall by the second half of January, if not sooner, because the company should report its third-quarter earnings results in the first week of February. Based on expected annual earnings of $1.68 for 2018 and the peer group average forward P/E of 28.85, NortonLifeLock’s shares are expected to be worth $48.47 next year, which represents a 71.58% upside. • Reviews Guidelines The reviews published on vpnMentor are written by experts that examine the products according to our strict reviewing standards.

The private equity firm has invested in cybersecurity startups, such as Illumio. Vista Partners, a long-standing investor in KnowBe4 , on Sept. 19 offered to buy the company for $24 per share in cash. It is currently trading around $142.53 and is showing a 13.98% increase on the year to date. Palo Alto Networks is a fairly new player among the cybersecurity elite. • Affiliate Commissions vpnMentor contains reviews that were written by our experts and follow the strict reviewing standards, including ethical standards, that we have adopted.

Such standards require that each review will be based on an independent, honest and professional examination of the reviewer. That being said, we may earn a commission when a user completes an action using our links, which will however not affect the review but might affect the rankings. The latter are determined on the basis of customer satisfaction of previous sales and compensation received. The stock is down 4.38% since the results and currently trades at $252.11. Some of the companies included in our Cyber Security share basket include established names such as Cisco, NortonLifeLock, Okta, Splunk, SecureWorks and Palo Alto Networks. You can also practise trading on our share baskets with a demo account before transferring to a live account, with £10,000 worth of virtual funds.

Even more important, each recently earned a Buy rating from our coveted POWR Ratings system where the A rated stocks have gained +31.10% a year. All 9 picks have strong fundamentals how to get xm $30 bonus and are experiencing tremendous momentum. They also contain a winning blend of growth and value attributes that generates a catalyst for serious outperformance.

Is Cisco a cybersecurity company?

Cisco. Cisco is a technology conglomerate traditionally known for networking hardware and software. However, the company, which reported revenue of nearly $50 billion in 2018, has made major strides in becoming a cybersecurity leader.