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Cybersecurity stocks were top performers, boosted by strong demand for next-gen security software. Cybersecurity stocks belong to a niche category in the tech industry, so knowing how to invest in them can yield some big returns in the decade ahead. It is represented by the First Trust Nasdaq Cybersecurity ETF (CIBR), which has outperformed the broader market over the past year. Here are the top 10 cybersecurity stocks with the best value, the fastest growth, and the investors.
Cloudflare Inc.: Cloudflare provides cloud-based services to secure websites. Cloudflare's overall mission to help build a safer and faster internet creates significant cybersecurity revenue opportunities. Cloudflare's total addressable market could grow to about $100 billion by 2024, and opportunities in 5G wireless networks and the "internet of things" could expand it even further.
Mandiant Inc.: Mandiant is a global provider of cyber defense solutions. The company offers web, email, file security, and malware analysis. It provides its cybersecurity solutions through its Mandiant Advantage software-as-a-service (SaaS) platform.
CrowdStrike Holdings: A cloud-native software company, it's cloud-based, CrowdStrike is particularly well-suited for supporting remote work. Its software uses ML to detect security breaches and hunt down threats. It's also easy to deploy to the millions of people working from home and the billions of machines connected to the internet. In an increasingly mobile world with more devices continually coming online.
Darktrace Plc: Darktrace Plc. is one of the top cybersecurity stocks engaged in the development of cyber-threat defense technology solutions across the world. Its cybersecurity solutions include enterprise immune system, industrial immune system, cyber-AI analyst, Darktrace antigena, etc.
A10 Networks Inc.: A10 Networks is a provider of secure applications and solutions for multi-cloud networks. Its software and hardware solutions enable its customers to secure their applications, users, and infrastructure from Internet, web, and network threats.
Zscaler: Zscaler company has been increasing its sales at a rapid pace. It got started with a SAAP designed for cloud computing protection, but it has since added new internet security software and end-user monitoring products. End-user monitoring is increasing with so many people now working from home. Zscaler is well-positioned to profit from this massive secular growth trend.
Palo Alto Networks Inc.: Palo Alto Networks is a global cybersecurity vendor. There are several reasons for investors to like Palo Alto, including momentum in the company's next-generation security stack and consistent growth in its firewall-as-a-platform business. It is shifting focus to boosting productivity after three years of investing in product development.
Leidos Holdings, Inc.: Leidos Holdings, Inc. is a popular cybersecurity stock that offers cybersecurity solutions in the defense, healthcare, civil, and intelligence market across the world. It offers solutions such as cyber technology, large-scale systems, data analytics, intelligence analysis, and operations.
CACI International Inc.: CACI International is an information technology company. It provides cloud-powered solutions, SaaS, mobile and network security, and other digital solutions. It primarily serves federal agencies of the U.S. government as well as commercial enterprises.
SentinelOne: SentinelOne is another recent pure-play cybersecurity company to be publicly listed. It's an initial public offering. It operates a cloud-based endpoint security platform, which puts it in competition with CrowdStrike. Its ability to automatically detect and resolve cybersecurity threats is being well-received in the market.
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