Cybersecurity Stocks to Watch Right Now
Cybersecurity stocks are a hot topic right now, especially after the recent cybersecurity attack on Colonial Pipeline, the largest U.S fuel pipeline operator. As the number of cyber threats continues to rise, cybersecurity companies are also beginning to evolve. Below, we’ll look at a few notable companies who are making moves in the space if you’re looking to get in on the stock action.
What cybersecurity stocks should I consider?
The four biggest companies to watch right now are Palantir Technologies Inc., CACI International Inc., Okta Inc., and CrowdStrike Holding Inc.
Palantir is a software company that creates enterprise data platforms. The platforms are used by organizations who have complex data in confidential environments. The company has a range of products and services that are used for a variety of applications. They do everything from building safer vehicles to fighting terrorism. The company’s stock currently trades at $20.75, and they’re only doubling year over year! They just announced that they’ll be renewing their Royal Navy contracts in the United Kingdom, and are continuing to build on new partnerships.
CACI is a cybersecurity company that offers unique knowledge and technology to talk to it’s customers about enterprise and mission challenges. They provide services to the federal government, including intelligence, homeland security, and more. They recently announced that they were awarded a multi-million dollar contract by the National Security Agency, and have brought in various multi-million dollar deals last year. It’s current stock trade is $257.04.
Okta, Inc. provides cloud software that helps companies manage and secure user authentication into applications. It’s also beneficial for developers, as it helps them build identity control within their applications, devices, and web services. They currently have over 10,000 customers, and their revenue grew by over 40$ in the last quarter of 2020. The current stock trade for Okta, Inc. is $238.31.
CrowdStrike is a company that provides cloud workload and endpoint security, as well as threat intelligence and cyber attack response services. They’ve gained credibility because they fight off threats on pretty massive scales, including one that filtered through federal and private sectors in the last year. In addition, they recently announced they’d be expanding their partnership with Google. Their current stock trade is $210.60.
Will you be investing in any of these cybersecurity stocks? Share with us in the comments below!
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