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Cybersecurity is a critical service that stops problems like malware erasing a system, your database being broken into, or the theft of private information. It protects data, networks, and devices while ensuring the integrity, confidentiality, and availability of knowledge.

Spending on cybersecurity has grown resulting from the COVID-19 pandemic because distant work has rapidly expanded. Cybersecurity corporations have grown as well. These corporations serve various customers, including individuals, the federal government, and businesses.

Although cybersecurity stocks have underperformed within the broader market over the past 12 months, they’re expected to grow resulting from the increasing need for cybersecurity services.

7 Cybersecurity Stocks Price Investing In

Listed below are a few of the perfect cybersecurity stocks value investing in today. *Please note that each one the stock prices below are current as of November thirtieth, 2022.

Fortinet (FTNT)

Fortinet provides hardware for data center security.

• Current Price: $53.16
• 12-Month High: $74.35
• 12-Month Low: $42.61
• 1-12 months Goal: $65.00
• Market Capitalization: $41.531B

Fortinet is one in all the most important cybersecurity corporations globally by revenue and market cap. It provides hardware for data center security and is a top provider of firewalls.

The corporate recently announced a brand new software-based web security product and a partnership with Singapore’s Quantum Engineering Programme to develop security for quantum computing.

Fortinet’s third-quarter sales were $1.15 billion, up 33% 12 months over 12 months. This growth was primarily resulting from product sales. Fortinet also saw strong growth in software-defined wide-area networking and operational technology.

CrowdStrike (CRWD)

CrowdStrike Holdings is a cloud-based company that gives endpoint security.

• Current Price: $117.65
• 12-Month High: $108.89
• 12-Month Low: $242.00
• 1-12 months Goal: $232.73
• Market Capitalization: $27.457B

CrowdStrike Holdings is a cloud-based company that gives endpoint security, which helps protect networks and devices. The corporate uses machine learning to detect security breaches and threats.

It also offers breach remediation and proactive testing services. CrowdStrike is simple to deploy and might reach many users resulting from its cloud-based platform. As more employees work remotely and extra corporations pivot to a hybrid-cloud system, CrowdStrike could proceed to grow.

Even though it is trading at $117.65, removed from its 12-month high of $242.00, its one-year goal estimate is $232.73.

Akamai (AKAM)

Akamai is a Content Delivery Network (CDN) that gives a collection of security services and products to assist be certain that data is transmitted securely.

• Current Price: $94.86
• 12-Month High: $123.25
• 12-Month Low: $76.28
• 1-12 months Goal: $102.14
• Market Capitalization: $14.916B

Akamai is a Content Delivery Network (CDN), not a standard cybersecurity company. Nonetheless, it offers a collection of security services and products.

CDNs help be certain that data is transmitted securely. Since there may be an increasing amount of knowledge traveling across the web, CDNs have gotten more vital.

Akamai is one in all the leading CDNs. The corporate also develops edge computing technology, which moves data from centralized data centers to finish users.

In 2021, Akamai acquired Israel-based Guardicore. It then acquired the cloud infrastructure platform Linode in 2022. These acquisitions can have contributed to the three% third-quarter revenue growth year-over-year.

Okta uses zero-trust architecture to administer identity and access.

• Current Price: $53.32
• 12-Month High: $244.18
• 12-Month Low: $44.12
• 1-12 months Goal: $77.40
• Market Capitalization: $8.471B

Okta uses zero-trust architecture to administer identity and access. Zero-trust architecture requires users to confirm their identity before accessing data and applications.

The corporate’s two goal markets are its workforce identity offerings and its customer identity offerings. Its workforce offerings allow employees to access an organization’s cloud-based and on-premises resources securely. In contrast, its customer identity offerings enable a client’s customers to access the client’s applications securely.

A cyberattack in January 2022 affected two of Okta’s customers, which led to a decline in its stock. Its current price is $53.32, down from a 12-month high of $244.18.

Although Okta has been an underperformer, its use for managing security and logins for distant staff makes it a powerful competitor with long-term potential for growth or a takeover.

Cloudflare (NET)

Cloudflare is a CDN provider that focuses on edge computing.

• Current Price: $49.14
• 12-Month High: $190.52
• 12-Month Low: $37.37
• 1-12 months Goal: $66.67
• Market Capitalization: $16.149B

Cloudflare is a more recent CDN provider. It focuses on edge computing. This can be a distributed IT architecture where client data is processed as near the originating source as possible.

Although Cloudflare’s stock price dipped greater than 10% after it shared its earnings results, the corporate has a powerful foothold in cybersecurity and a possibility to excel within the growing edge computing space.

Cloudflare’s third-quarter sales were also up 47% 12 months over 12 months, driven by gaining recent customers and expanding revenue from current ones.

Cisco Systems (CSCO)

Cisco Systems is a hardware manufacturer that gives network security services and products for businesses, governments, telecom, and other sectors.

• Current Price: $49.72
• 12-Month High: $64.29
• 12-Month Low: $38.60
• 1-12 months Goal: $55.10
• Market Capitalization: $204.255B

Cisco Systems is a widely known hardware manufacturer. The corporate provides network security services and products for businesses, governments, telecom, and other sectors.

First-quarter sales for Cisco rose 6% 12 months over 12 months to $13.6 billion. This growth was primarily fueled by enterprise networking and cybersecurity. Because it is a hardware company, it relies on supply markets.

Nonetheless, we expect margins to enhance, especially once Cisco’s pricing increases take effect.

Booz Allen Hamilton (BAH)

Booz Allen Hamilton Holding Corp. is a government contract that gives cloud computing, cybersecurity, and engineering consulting and services geared toward defense and intelligence operators.

• Current Price: $106.40
• 12-Month High: $112.55
• 12-Month Low: $69.68
• 1-12 months Goal: $111.30
• Market Capitalization: $14.069B

Booz Allen Hamilton Holding Corp. is a holding company that gives management and technology consulting services to the U.S. government. The corporate offers cloud computing, cybersecurity, and engineering consulting and services. These are primarily geared toward defense and intelligence operators.

Booz Allen Hamilton’s FY23 Q1 results showed that net income rose by 49.9% as revenue grew by a smaller margin 12 months over 12 months.

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Other Ways to Spend money on Cybersecurity

Demand for cybersecurity services and products stays regular, even in a rough economic climate. If you need to put money into cybersecurity corporations but aren’t currently looking to take a position in a single stock, you may go for ETFs, mutual funds, and robo-advisor portfolios.

Nonetheless, it’s essential to do your research before investing to make sure you understand what you’re buying and the potential risks.

Should You Spend money on Cybersecurity?

Grandview Research found that the worldwide cybersecurity market was valued at $184.93 billion in 2021 and is anticipated to grow by 12% annually from 2022 to 2030. Investing within the cybersecurity industry could repay financially.

Nevertheless, not all cybersecurity corporations have seen growth recently. Cybersecurity corporations are also in danger for hacks, which could drastically and quickly cause an organization’s stock to plummet.

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Bottom Line

The cybersecurity industry is hot immediately. It’s projected to grow as hybrid work environments develop into the norm and things like data breaches develop into more frequent.

In the event you know which cybersecurity corporations to take a position in, they’ll yield good returns in the approaching years.