Private investment firms have their eyes set on beaten-down cybersecurity stocks, and here’s where they’re looking next… Cybersecurity firms are hot acquisition targets Security stocks are becoming much more attractive after the market collapse. The First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR) is down 27% this year — outperforming the Nasdaq, which is down 32%. ForgeRock…
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CrowdStrike earnings show strong cybersecurity demand despite market conditions
Even in the current market environment, investors can count on hackers to continue hacking — and on cybersecurity companies to continue growing. CrowdStrike (NASDAQ:CRWD) is a world-class business in a growing industry with strong margins and consistent growth— even in the current environment. They provide cybersecurity services to some of the largest companies, including 69…
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Cybersecurity stocks: Okta’s struggle is ForgeRock’s opportunity
The most common passwords of 2021 were 123456, 123456789 and 12345. But thanks to tools like Single Sign-On (SSO) and Multi-Factor Authentication (MFA), your weak passwords will help your bosses live a little longer. Enter Identity Access Management (IAM) — the growing cybersecurity subsector that “enables the right individuals to access the right resources at…
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Crowdstrike: Analysts get bullish on cybersecurity
They prevent entire companies from going bankrupt — that’s what the F#@ they do. Companies and governments are losing sleep about cyberattacks. Who can blame them as hacks grow more dangerous and prevalent? But there’s a bright side. These developments have analysts excited about the industry’s prospects (and one company in particular). Everyone is getting…
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Cybersecurity risks ramp us; Palo Alto Networks delivers strong earnings
Yesterday, Ukraine confirmed attacks on its government and bank websites — and security experts are worried the US could be the next target… What’s the big deal? So far, known cybersecurity attacks have been against Ukraine, but US sanctions on Russia could provoke cyberattacks on the US. Jim Langevin, a senior member of the House…
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Cybersecurity risks grow with Russia-Ukraine tensions
The Russia-Ukraine story is developing fast… Last week, Russia reportedly ramped up its troops around the Ukraine border. Just yesterday, the Russian defence ministry stated troops near Ukraine were being withdrawn after finishing military exercises. The news was enough to send stocks back up — but governments remain cautious until troops are actually gone. You…
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Cybersecurity stocks to benefit as big tech plans big spending
Biden is calling all the help he can get to deal with America’s most pressing issue – cybersecurity. Last Wednesday, top US business leaders met with President Joe Biden to discuss strengthening the nation’s networks – with tech companies committing billions to the issue. “The issue of the decade” Due to the high-profile attacks this…
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How to invest in cybersecurity stocks in 2021
Turns out COVID isn’t the biggest threat of 2021, cyberattacks are. In 2020, 51% of the US organizations surveyed by software safety company Sophos were hit by ransomware. Cybersecurity stocks are in focus after yet another attack last week and it’s clear – the need for cybersecurity is at an all-time high. Attack of the modern-day…
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