Search a ticker

Categories
Defense Stocks Featured Investing Stocks to Watch Tech Stocks

4 Top Cybersecurity Stocks To Watch This Week

These cybersecurity stocks could be in focus amid increasing fears of cyber threats.

top cybersecurity stocks

4 Hot Cybersecurity Stocks To Watch Now

Cybersecurity stocks remain one of the most bullish industries in the stock market today. Due to the pandemic, many companies are gearing towards a hybrid workforce. More people are now working from home but companies are well aware of the risk of such settings. From company assets to personal data, the number of viable targets for cyberattacks has and continues to increase significantly. Thus, the importance of cybersecurity has been highlighted repeatedly. 

On top of that, we are also witnessing online transactions being made more than ever and one on the rise would be cryptocurrencies. Cloudflare’s (NYSE: NET) CEO, Matthew Prince believes that with the rising popularity of cryptocurrencies, they have become popular targets for cybercriminals. After all, it makes sense for cybercriminals to follow the money. So, it would be an understatement to say that cybersecurity is a priority for many companies right now. Given these thoughts, would a list of the top four cybersecurity stocks in the stock market today garner your interest?

Best Cybersecurity Stocks To Buy [Or Sell] This Week

Zscaler

Zscaler is a company that focuses on providing a cloud security platform that is designed on a zero-trust architecture. Its architecture allows users and devices to safely access authorized applications and services in the cloud. Zscaler’s security and user experience solutions are purpose-built on a multi-tenant, distributed cloud exchange that secures access for users and devices to applications and services, regardless of location. 

Last Friday, the leading cloud security company announced its fiscal fourth-quarter earnings report. The company posted yet another impressive result with a record number of large deals across diverse sectors. Zscaler posted revenue of $197.1 million, an increase of 57% year-over-year. In addition, its calculated billings growth was $332.2 million, up 70% compared to the prior year’s quarter. With this, the company ended the fiscal year with strong business momentum.

It is noteworthy that the company was selected by Schmitz Cargobull AG to protect its users, applications, and workloads for 5,800 of its employees worldwide. Zscaler will act as the foundation of Schmitz’s overall digitalization and transformation initiative to modernize the company’s IT security infrastructure. Also, Schmitz will gain a multilayered security approach and encrypted traffic inspection to protect against fast-moving threats. With these exciting developments, would you consider adding ZS stock to your portfolio?

Source: TD Ameritrade TOS

Read More

Radware

Following that, we have the provider of cyber security and application delivery solutions company, Radware. The company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF), and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications. RDWR stock has risen more than 30% since the start of the year. 

According to CNBC, Radware is in talks to sell itself to private equity firm Siris Capital. As cyber threats are increasing by the day, private equity firms have become increasingly interested in cybersecurity companies as well. Although the deal is not confirmed and talks may still fall apart, there are reasons to be optimistic about the potential deal.

Furthermore, the company has recently partnered with Azion, a global leader in edge computing in Brazil. This partnership will strengthen Radware’s global presence as well as offer Azion customers Radware’s Bot Manager solution. With the increase in cyber threats today along with the acceleration of digital transformation, Radware’s offerings would help its customers to prevent malicious bot attacks across multiple platforms. All things considered, would it be a good time to buy RDWR stock? 

Source: TD Ameritrade TOS

[Read More] Top Stocks To Buy Now? 4 Renewable Energy Stocks For Your Watchlist

CrowdStrike Holdings

CrowdStrike Holdings is another big name to consider in the cybersecurity market today. For the most part, organizations and investors alike would be familiar with the company’s industry-leading offerings. In detail, CrowdStrike provides artificial intelligence (AI)-powered cybersecurity solutions. This ranges from its cloud workload and endpoint security services to its proactive threat intelligence offerings.

Notably, the company provides all of these services to organizations across the globe. Like most of its industry peers, CRWD stock has skyrocketed in value since its pandemic era low. Evidently, the company’s shares are looking at massive gains of over 500% since then. Now, the real question is, is CRWD stock worth buying at its current price point? 

Well, with the ongoing rise in both high-profile and day-to-day cybercrimes CrowdStrikes offerings would likely remain in demand. On one hand, the company posted a total revenue of $337.69 million in its most recent quarter. That marked a solid 69% year-over-year increase. On the other hand, CrowdStrike recently revealed that it is now working with Nihon Kohden, a Tokyo-based medical device manufacturer. Given all of this, would CRWD stock be a top pick in the stock market for you?

Source: TD Ameritrade TOS

[Read More] Top Reddit Stocks To Buy Right Now? 5 For Your Late 2021 Watchlist

Fortinet

Last but not least, we will be taking a look at Fortinet. Essentially, the California-based company develops and sells cybersecurity solutions. The likes of which mainly include a wide array of firewalls and software services. All of this is available to Fortinet customers via the company’s Fortinet Security Fabric platform. Through this platform, Fortinet delivers broad, integrated, and automated protections across the entire digital attack surface. 

Put simply, the company’s wares cover critical devices throughout digital environments ranging from the data center to the cloud and even home offices. As such, it would not surprise me to see investors keeping a close eye on FTNT stock now. If anything, this appears to be the case as FTNT stock has already doubled in value just this year. Despite its current momentum, the company is certainly not resting on its laurels. 

Just yesterday, Fortinet unveiled a groundbreaking enterprise software solution. Via its joint venture with networking hardware firm Linksys, the company delivered a first-of-its-kind secure enterprise solution. Through the solution known as HomeWRK, enterprises can provide employees with an easy-to-deploy at-home solution that establishes both corporate and personal networks. With Fortinet looking to enable IT teams, regardless of size, throughout the current pandemic, will you be investing in FTNT stock?

Source: TD Ameritrade TOS

By Brandon Michael

Brandon Michael is a financial specialist and financial contributor to the stock market. He enjoys writing about rising stocks and how the market changes over time. He specializes in multimedia and events, as well as social media management and media contributing. He has managed and marketed hundreds of events, as well as grown social media pages upwards of 200,000 followers and everything in between. As an active social media influencer in the car community, he understands how to recognize trends and curate content for niches. From an early age, Brandon was fascinated by the power of social media and how it built companies and careers for many. Over time he has developed many different strategies for different platforms on how to grow different kinds of pages. In addition to social media skills, he is passionate about events, it is second nature to him to promote them and make sure that everything is executing perfectly. This has allowed him to partner with some of the largest companies in the industry to run events for hundreds of thousands of people. Brandon has written many articles for many notable top websites for the last 3 years. His focus in his writing is generally rising stocks and emerging trends in the stock market, as well as bringing companies with market potential to the frontlines of the media. It is easy for him to identify trends and do extensive research to make sure he’s providing the most accurate research possible. In his free time, he continues to improve his research skills and financial knowledge to continue providing the best work possible.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments