2017
It’s Really Worth Considering These Cyber Security Stocks
Cyber security will only keep rising in demand as the threats keep rising and the government looks to further bolster defenses.
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With conventional or online stock trading you need to keep tabs on the industries that are indispensable and, as a result, have tremendous growth potential. There are quite a few cyber security stocks that seem to be attractive options for this year. The challenges to Internet security are rising each day. These threats are also getting more and more intelligent. CyberScout and the Identity Theft Resource Center report that data breaches in the US soared 40% in 2016 to reach an all-time high of 1,093. Cyber security will
therefore
always
be
in
demand.
Moreover,
President
Trump
has
expressed
determination in improving the country’s cyber capabilities. FireEye So investors and traders can look to this industry if they wish to strengthen their portfolio. FireEye ($FEYE) leads the way in cyber security with its advanced architecture called multivector virtual execution (MVX). This helps analyze threats through various software versions and combinations of apps and operating systems. Its global intelligence network spanning 67 countries enables its customers to keep updating their security against dangers that are being newly discovered.
These and many other thoughtful and state-of-the-art features
have made FireEye quite an indispensable product. Its stock has usually been trading at really high valuations. However, 2016 opened with a tough start and the company’s stock fell a lofty 43%. This fall was fueled by concerns over its decreasing revenue growth and rising losses. However, things have changed now and Kevin Mandia, the new CEO, is carrying out a major restructuring. Its shares are now valued at around three times sales. Symantec Let’s move on to Symantec ($SYMC). It’s now known for its award-winning and widely used Norton antivirus that enables customers to secure their vital data across multiple devices including mobile phones. And Symantec has added two major aces up its sleeve. It has purchased leading theft protection service LifeLock ($LOCK) as well as the cloud security service BlueCoat. These acquisitions will only strengthen Symantec’s capabilities while also making the company the largest of the pure play cyber security companies around. This particular industry is expected to exceed $1 trillion in the course of the next 5 years.
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CyberArk Israel-based CyberArk ($CYBR) is involved in the internal data breach protection field. It is particularly a leader in providing security solutions for privileged accounts. The company currently protects over 2,800 businesses. This stat becomes really impressive when you consider that 25% of the Global 2000 and 45% of the Fortune 100 companies are protected by CyberArk. But there many more companies that can benefit from the company’s advanced solutions and these could be the areas of expansion for CyberArk. One of the key factors for its current strong growth is sales to organizations owned by the government. And Trump’s further impetus on fortifying cyber defenses could only work in its favor significantly. $CYBR is profitable, unlike some of its competitors, on a GAAP (Generally Accepted Accounting Principles) basis. It earned a net income margin amounting to nearly 13% in Q3. More investment is being made by the company on further improving its already strong product stable while expanding its sales force. This looks to be certainly one for the portfolio.
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