Why Cybersecurity Stocks are on the Rise
Cybersecurity is becoming increasingly important in today’s digital world, and the stocks of companies that specialize in this field are seeing significant growth. Cybersecurity stocks are shares in companies that provide products or services aimed at protecting computer systems, networks, and data from cyber threats such as hacking, data breaches, and other malicious attacks. These companies typically represent firms offering solutions like firewalls, encryption, antivirus software, and comprehensive network security, making them essential components in the broader tech investment arena. As organizations increasingly prioritize digital security, the demand for cybersecurity products and services is on the rise, driving the growth of these stocks.
MarketBeat’s Top Cybersecurity Stocks to Watch Today
According to MarketBeat’s stock screener tool, the following five cybersecurity stocks are worth watching:
- Alphabet (GOOGL)
- CrowdStrike (CRWD)
- Palo Alto Networks (PANW)
- Dell Technologies (DELL)
- Fortinet (FTNT)
Alphabet (GOOGL) – The Search Giant Expands Its Cybersecurity Capabilities
Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. * **Key Statistics:**
* Market capitalization: $1.77 trillion
* PE ratio: 18.09
* PEG ratio: 1.34
* Beta: 1.03
* Quick ratio: 1.84
* Current ratio: 1.84
* Debt-to-equity ratio: 0.03
Why Alphabet is a Top Pick:
Alphabet’s expanding cybersecurity capabilities, including its Google Cloud platform, make it a top pick for investors. The company’s strong financials and growth prospects make it an attractive option for those looking to invest in the cybersecurity sector.
CrowdStrike (CRWD) – The Leader in Endpoint Security
CrowdStrike Holdings, Inc. provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response, and AI powered workflow automation, and securing generative AI workload services. * **Key Statistics:**
* Market capitalization: $79.72 billion
* P/E ratio: 630.66
* P/E/G ratio: 17.86
* Beta: 1.28
* Quick ratio: 1.86
* Current ratio: 1.86
* Debt-to-equity ratio: 0.24
Why CrowdStrike is a Top Pick:
CrowdStrike’s unified platform and cloud-delivered protection make it a top pick for investors. The company’s strong growth prospects and expanding customer base make it an attractive option for those looking to invest in the cybersecurity sector.
Palo Alto Networks (PANW) – The Leader in Network Security
Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention. * **Key Statistics:**
* Market capitalization: $101.68 billion
* Price-to-earnings ratio: 86.52
* P/E/G ratio: 5.64
* Beta: 1.04
* Quick ratio: 1.47
* Current ratio: 1.47
* Debt-to-equity ratio: 0.67
Why Palo Alto Networks is a Top Pick:
Palo Alto Networks’ strong network security capabilities and subscription services make it a top pick for investors. The company’s expanding customer base and growing revenue make it an attractive option for those looking to invest in the cybersecurity sector.
Dell Technologies (DELL) – The Leader in Enterprise Security
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). * **Key Statistics:**
* Market capitalization: $49.94 billion
* PE ratio: 12.64
* Price-to-earnings-growth ratio: 1.10
* Beta: 0.94
* Fifty-day moving average: $101.57
* 200-day moving average: $115.30
Why Dell Technologies is a Top Pick:
Dell Technologies’ comprehensive and integrated solutions make it a top pick for investors.
Fortinet (FTNT) – The Leader in Secure Networking
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products. * **Key Statistics:**
* Market capitalization: $65.14 billion
* PE ratio: 37.48
* P/E/G ratio: 4.19
* Beta: 1.09
* Debt-to-equity ratio: 0.67
* Quick ratio: 1.39
* Current ratio: 1.47
Why Fortinet is a Top Pick:
Fortinet’s secure networking solutions and convergence capabilities make it a top pick for investors.
Get Ahead of the Curve with MarketBeat’s Cybersecurity Stock Screener
MarketBeat’s stock screener tool is designed to help investors identify the best cybersecurity stocks to watch. With its advanced algorithms and comprehensive data, the tool provides a detailed analysis of the top cybersecurity stocks, including their key statistics, growth prospects, and market trends. By using MarketBeat’s stock screener tool, investors can stay ahead of the curve and make informed investment decisions in the rapidly evolving cybersecurity sector. Whether you’re a seasoned investor or just starting out, MarketBeat’s tool is an essential resource for anyone looking to succeed in the world of cybersecurity.
