With the proliferation of digital technologies, the importance of cybersecurity has become paramount. Not only are businesses and organizations increasingly reliant on digital infrastructure, but the potential repercussions of being hacked or breached have grown substantially over the last few years. Now, more than ever, establishments of all sizes are investing heavily in cybersecurity technologies and services to protect their networks, data, and customers.
Despite the growing concern over cyber threats, there is a silver lining for investors. In fact, cybersecurity has become a lucrative market, with a number of companies offering profitable investment opportunities. If you’re looking to invest in the right tech stocks for the long run, then here are some of the best cybersecurity stocks to consider.
1. Cisco Systems Inc: Cisco Systems Inc. (NASDAQ: CSCO) is a leader in providing network security solutions to its customers. It is perhaps one of the most well-known stocks in the cybersecurity arena, offering firms the ability to protect their digital infrastructure, from private networks to wide-area networks, through its various software and hardware products. It has a strong balance sheet and offers a reasonable dividend, with a current yield of 2.2%.
2. Palo Alto Networks: Palo Alto Networks (NYSE: PANW) is another popular stock in cybersecurity, offering customers a range of solutions for cloud and network security, risk management, and compliance. It is one of the fastest growing companies in the industry, with a double-digit revenue growth in the past few years, backed up by its strong financials. This company also offers a decent yield of 1.72%.
3. CyberArk Software Ltd: CyberArk Software Ltd (NASDAQ: CYBR) is a cybersecurity company that focuses on protecting organizations’ privileged accounts from unauthorized access. Its solutions are used by more than 3,500 customers worldwide. It has a solid balance sheet and offers a respectable dividend yield of 1.24%.
4. Fortinet Inc: Fortinet Inc (NASDAQ: FTNT) is a leading provider of security solutions for both on-site and off-site technology, offering solutions to protect data and networks from various forms of cyber threats. It has strong financials and a decent dividend of 1.52%.
With the digital and cyber threats constantly increasing, it’s crucial for businesses and individuals to protect their systems, networks, and data from cyberattacks. As the demand for cybersecurity solutions and services grows, so do the opportunities to invest in these stocks. By paying attention to different stocks and researching them closely, investors can benefit from the potential of these lucrative stocks.