Cybersecurity has become one of the most trusted and ubiquitous components of modern-day business operations. As organizations face increasingly complex threats, cyber threats have become a top concern for all business owners and executives. With the growing demand for cybersecurity solutions, it’s no surprise that investing in the right cybersecurity stocks can provide profitable returns.
When it comes to security, many investors don’t realize just how many viable investing options exist. From established stalwarts to small emerging players, there are plenty of cybersecurity stocks worth considering. Here we’ve rounded up five of the best cybersecurity stocks showing potential and profitable investment opportunities.
The first stock on the list is Check Point Software Technologies, Ltd. (NYSE: CHKP). This Israeli company produces and sells a range of software and hardware for businesses and security solutions, and it’s considered one of the biggest and most widely used security solutions providers in the world. Its stock price has been steadily climbing for the past few years and it currently has a market cap of over $20 billion.
The next stock is Palo Alto Networks, Inc. (NYSE: PANW). This publicly traded cybersecurity company has greatly outperformed its competitors over the past few years and currently boasts the largest market share in the global security software market. In 2021 its stock is up 21 percent, highlighting the potential upside in this sector. The company’s offerings span numerous solutions, including both on-premise and cloud-native security.
Another stock to consider investing in is FireEye, Inc. (NASDAQ: FEYE). FireEye has developed several flagship products such as the FireEye Helix Security Platform, which helps organizations manage and protect their networks. This stock has been outperforming the market over the last year, with its share prices stays above $20 since the start of 2021.
One more security stock to watch is Fortinet, Inc. (NASDAQ: FTNT). This company offers a wide range of comprehensive security solutions, from network protection to endpoint defense. Its stock price has long been a favorite among investors, climbing 13 percent year-to-date. It’s also the third-largest cybersecurity company in terms of market capitalization.
Finally, McAfee, Inc. (NYSE: MCFE) is a respected name in the cybersecurity world that has grown significantly in the past 50 years. McAfee is well-known for its All Access Security Suite, which includes both anti-virus and cloud security solutions. It’s market cap is above $17 billion and has seen excellent returns in the past year.
Investing in cybersecurity stocks can be an excellent way to guard against potential losses and make a profit while doing so. Therefore, it’s important to do your own due diligence and only invest in companies and stocks when you’re sure of their potential and growth. With that in mind, the five stocks featured here have the potential to offer investors excellent returns and provide a safe and profitable investment opportunity.