12 Best Cybersecurity Stocks to Buy Now

It has a Momentum Score of 81, which is considered very strong, and does not currently pay a dividend. Click to continue reading and see 5 Best Cybersecurity Stocks to Buy Now. While Paul Meeks thinks that these sectors are not completely immune to a recession, he thinks that they are not going to suffer as much as other areas within tech. Its customer base has more than half the Fortune 500 and about 35% of the Global 2000. Analysts’ average price targets courtesy of S&P Global Market Intelligence.

Zero Trust cybersecurity models focus on internal threats, such as hackers stealing someone’s security credentials. Security firms verify the identity of network users and limit access to applications. The coronavirus emergency and shift to remote work has accelerated the growth of cloud-based network https://forexarticles.net/a-random-walk-down-wall-street-the-time-tested-strategy-for-successful-investing-twelfth-edition/ security. So the industry now has a new term for the infrastructure that supports distributed workers and branch offices. Meanwhile, CrowdStrike uses machine learning and a specialized database to detect malware on laptops, mobile phones and other devices that access corporate networks.

Other Ways to Invest in Cybersecurity

The number of data compromise events remained near that all-time high in 2022, but the total number of individual victims that were affected soared almost 42% year-over-year in 2022.

• Regulation and compliance are expected to play a growing role in the cybersecurity landscape.
• The company was founded by Avi Ben David in October 1989 and is headquartered in Herzliya Pituach, Israel.
• The company has a presence in the Americas, Europe, the Middle East, Africa and Asia-Pacific.
• In 2016 and 2017, a series of data breaches affecting government bodies, businesses and private individuals has led to an increase in spending on cybersecurity.
• Check Point Software has a Value Grade of D, based on its Value Score of 31, which is considered to be expensive.

Darktrace (DARK) is a British-American tech company specialising in cyber defence. It uses self-learning artificial intelligence tools to fight against cyber-attacks in real time. Ontario-based Magnet Forensics is a data analytics company that aids government agencies involved in investigating cybercrimes. It has a host of products that help security agencies investigate fraud, prevent IP theft, track down cyber criminals and look into employee harassment. Although it is a Canada-based, and Toronto-listed company, it derives most of its revenue from U.S. markets.

Cloud Security

Software is expected to be the largest and fast-growing technology group in 2023, with endpoint security the leading software category. American network security company Fortinet develops and sells cybersecurity solutions. Brothers Ken Xie and Michael Xie founded the multinational company in 2000 and developed a firewall, FortiGate, which is the company’s main product. Fortinet distributes both hardware and software products to companies and government organisations on a worldwide level. The company’s cybersecurity platform provides a wide range of solutions, which include email security, web application firewall and endpoint security software. Fortinet went public in 2009 and in 2016, it launched its Security Fabric architecture.

Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it. The cybersecurity segment made BlackBerry $106 million in Q3 2023, compared to $128 million in the same period the year before and far lower than expectations of $164 million. This caused Blackberry shares to drop despite otherwise posting positive earnings – giving an insight into how much significance investors place on Blackberry’s cybersecurity arm. It’s worth noting that the cybersecurity industry is extremely dynamic due to constantly changing threats. This means the ‘best’ companies to trade today might not be the best tomorrow as companies will need to work quickly to have a competitive advantage. That makes it important to do your research and due diligence, and not rush into positions.

High-Performing Cyber Security Stocks to Look Out for in 2023

They might continue to change as the industry evolves, but demand for cybersecurity skills remains strong. Today’s IT climate requires knowledge of large security platforms, detection and response technologies, and even sometimes distributed systems. RSA remains an independent company within STG’s security portfolio, which also includes Trellix and Skyhigh Security. RSA boasts strong products, a respected name and its eponymous conference among its considerable assets.

With a boost in global security spending expected this year, these cybersecurity stocks are worth a closer look. If you’d rather not have to choose among individual cybersecurity stocks, you can consider several exchange-traded funds (ETFs) that enable investors to participate in the growth of the cybersecurity industry as a whole. 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. Shares trade for a relative value compared to its younger, high-flying, cloud-native rivals.

Check Point Software Technologies

Individuals and companies are desperate to protect their money and data from an array of online threats, including examples such as phishing, malware, eavesdropping attacks and denial-of-service attacks. Therefore, with a growing importance and demand for cybersecurity, investment in the industry has experienced immense growth. But for those with a more short-term, speculative view, trading cybersecurity stocks could open up more opportunities. By taking a position on company shares and ETFs via derivative products – such as CFDs – you can try and predict which direction the market price will move in. And because you never take ownership of the underlying shares or units, you can take advantage of markets that are falling in price, as well as those that are rising.

• After solid Q3 financial results, the company paid a quarterly dividend of $0.125 and is one of the few cybersecurity stocks with dividends.
• The Cyber Express  by Cyble is a handbook for all stakeholders of the internet that provides information security professionals with the latest news, updates and knowledge they need to combat cyber threats.
• Year-to-date, NLOK shares have seen an increase of 11.55%, +48.54% over one year, and +75% over five years.
• It serves a wide-ranging and global customer base as it offers protection solutions to small businesses, large companies, enterprises and governments.
• This enables traders to indirectly invest in a collection of stocks through spread bets and CFDs for companies that provide cybersecurity services and develop data protection hardware and software.

Cybersecurity stocks have benefited from the possibility of more online attacks. And as a result, S will likely keep showing up on these lists of the best cybersecurity stocks to buy for years to come. A key factor to the success of the go-to-market strategy has been partnerships with Managed Security Service Providers (MSSPs).