Search

Cybersecurity Stocks to Gain From the New Norm

With technological advancements driving businesses and customers online, AI and cybersecurity seem to have become a necessity. Additionally, the remote working trend due to the COVID-19 pandemic has boosted demand for cybersecurity.


AI in particular promises to change cybersecurity in the coming years by possibly enhancing both cyber defense and crime.




5 Stocks to Watch Out For


Per a Capgemini Research Institute study, one in five cybersecurity firms was employing AI before 2019 but the adoption is likely to skyrocket by the end of 2020. In fact, 63% of the firms are planning to deploy AI in their solutions.


Per MarketsAndMarkets research, the global AI in the cybersecurity market is projected to reach $38.2 billion by 2026 from $8.8 billion in 2019, at the highest CAGR of 23.3%. In fact, research suggests that the market is estimated to be valued at $12 billion by the end of 2020.


Given the immense scope, it is prudent to invest in AI-driven cyber security stocks. We have, thus, shortlisted four such stocks that are poised to grow.



CrowdStrike Holdings, Inc. CRWD provides cloud-native endpoint protection software. The Falcon platform automatically investigates threats and takes the guesswork out of threat analysis. The company has an expected earnings growth rate of 94.4% for the current quarter against the Zacks Internet - Software industry’s projected decline of more than 100%.


The Zacks Consensus Estimate for its current-year earnings has climbed 50% over the past 60 days. CrowdStrike holds a Zacks Rank #2(Buy)



Fortinet, Inc. FTNT provides security solutions to all parts of IT infrastructure. The company’s AI-based product, FortiWeb, is a web application firewall that uses machine learning and two layers of statistical probabilities to accurately detect threats.

The company has an expected earnings growth rate of 12.6% for the current year against the Zacks Security industry’s estimated decline of 15.3%. The Zacks Consensus Estimate for its current-year earnings has moved 6.1% up over the past 60 days. Fortinet holds a Zacks Rank #2.



Palo Alto Networks, Inc. PANW offers firewalls and cloud security for threat detection and endpoint protection. The company that belongs to the Zacks Security industry has an expected earnings growth rate of 15.2% for the next quarter. The Zacks Consensus Estimate for its current-year earnings has moved 6.5% up over the past 60 days. Palo Alto Networks carries a Zacks Rank #3 (Hold).


Check Point Software Technologies Ltd. CHKP provides computer and network security solutions to governments and enterprises. Its IntelliStore provides customizable threat intelligence, letting companies and organizations choose real-time threat intelligence sources that fit their needs.

The company has an expected earnings growth rate of 3.4% for the current year against the Zacks Security industry’s estimated decline of 15.3%. The Zacks Consensus Estimate for its next-year earnings has moved 0.2% up over the past 60 days. Check Point Software holds a Zacks Rank #3.




Article partially appeared on Yahoo Finance.



* The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by De Angelis & Associates or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity.



Credit: yahoo.finance.com, NASDAQ


© De Angelis & Associates 2020. All Rights Reserved.

Contact

  • Facebook
  • LinkedIn

© De Angelis & Associates 2020. All Rights Reserved.

De Angelis & Associates New Logo (with w