Do You Have These Top Cyber Security Stocks On Your Watchlist This Week?
During the current age of digital acceleration, cybersecurity stocks have become some of the best performers in the stock market. This is because of the ongoing pandemic keeping most of the general population stuck at home. The way we carry out work has fundamentally changed as working-from-home becomes the new normal. Aside from work, even our leisure activities have evolved towards the digital space. All this has and continues to contribute to the insane growth of the cybersecurity industry over the past year. Experienced investors are taking notice of this and have been flocking to the top cybersecurity stocks accordingly. Take Palo Alto Networks, Inc. (NYSE: PANW) for instance, PANW stock is experiencing gains of 149.71% in the past year. The cloud security company continues to step up to meet rising demands in the sector.
Let’s not forget there is also an ongoing investigation into a hack targeting U.S. government agencies in December. Cybersecurity company SolarWinds (NYSE: SWI) was alerted to the breach in its systems by FireEye (NASDAQ: FEYE). In January, it was reported by the New York Times that the scale of the attack was much larger than initially thought. Some 250 federal agencies and businesses have been breached and the list is still growing. With top tech stocks like Microsoft (NASDAQ: MSFT) and Intel (NASDAQ: INTC) getting hacked, one thing is obvious. Cybercrime is rising and is constantly evolving. Likewise, cybersecurity companies have accelerated their efforts to bolster their services. Furthermore, Cybersecurity Ventures estimates that cybercrimes will be the cause of $6 trillion in annual losses in 2021.
It’s apparent, given the increase in demand for top cybersecurity companies, it sets up an interesting opportunity for investors. With all the recent cyber threats, companies would likely want to strengthen their online security. With all that in mind, are these the best cybersecurity stocks to buy right now?
Top Cybersecurity Stocks To Watch Now
- CrowdStrike Holdings Inc. (NASDAQ: CRWD)
- Zscaler Inc. (NASDAQ: ZS)
- Cloudflare Inc. (NYSE: NET)
- CACI International Inc. (NYSE: CACI)
First up on the list is CrowdStrike Holdings Inc. or CRWD. The company focuses on providing cloud-based endpoint and workload protection using its Falcon platform. Basically, CrowdStrike’s platform uses Artificial Intelligence to help defend customers against various cyber attacks. We live in an age, where now more than ever CRWD’s services are experiencing an increase in…