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Corporate spending on cyber security is expected to grow by 14% in 2024 according to research firm, Gartner, and that’s better than most information-technology spending categories suggesting that many cybersecurity software and hardware companies should be excellent long-term buys.
What Are The Main Types Of Cyber Security?
There are 4 types, namely:
AI’s Role In Cyber Security
AI makes it a perfect value addition technology for cyber security because it is fundamentally a complex mathematical equation that generates outputs with new data by using existing data which enables cyber security companies to train their models with data from previous attacks to create autonomous systems that can detect if an attack is ongoing based on certain readings. This provides companies and users with a critical capability in the risk management framework, as it increases their lead time for an attack and allows them to prepare mitigation and response strategies.
Cybersecurity Software and Hardware Stocks Index
eSecutityPlanet.com provides a list of cyber security companies (see ) and below is a short list of the top 10 of those companies in munKNEE’s new Cybersecurity Software and Hardware Stocks Index. They are presented in descending order below as to their stock performances in November plus YTD, along with a description of each company, their market cap, and their latest news.
- allows websites to protect against online attacks along with providing other services.
- Market Capitalization: $26.8B
- News: 3 Things Smart Investors Know About Cloudflare Stock
- is a leader in cloud and enterprise cybersecurity delivering a range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google for fast detection and response
- Market Capitalization: $7.2B
- News:
- Trend Micro First to Integrate Cloud Risk Management and XDR Across Customers’ Entire Attack Surface
- Trend Micro Reports Earnings Results for Q3 2023 Marking 100 Consecutive Quarters of Profitable Growth
- is focused on cloud-native solutions and AI-driven threat detection and a leader in endpoint security
- Market Capitalization: $56.4B
- News:
- CrowdStrike is Attracting Investor Attention: Here is What You Should Know
- Why CrowdStrike Stock Rallied 37% in November
- provides security products that manage network events in real time to detect any breaches or threats and expanded its support for Microsoft’s Office 365 platform in November 2023 by adding new features to protect against malicious emails.
- Market Capitalization: $4.7B
- News:
- Varonis Adds Generative AI Capabilities to Leading Data Security Platform
- Estimating The Fair Value Of Varonis Systems
- is a global leader in AI security using its SentinelOne’s Singularity™ Platform to detect, prevent, and respond to cyber attacks enabling organizations to secure endpoints, cloud workloads, containers, identities, and mobile and network-connected devices with speed, accuracy and simplicity.
- Market Capitalization: $5.9B
- News: SentinelOne and Pax8 Double Down on Partnership to Secure SMBs
- is a cloud security company that prevents cyberthreats and data loss while providing users with fast, reliable zero trust connectivity to apps from anywhere.
- Market Capitalization: $29.4B
- News: Is Zscaler a Buy?
- enables secure access for any identity to any resource – protecting identities and critical assets by enabling Zero Trust and enforcing least privilege.
- Market Capitalization: $8.3B
- News: Cybersecurity group CyberArk “capitalizing” on recent breaches – Wells Fargo
- offers firewalls and other products
- Market Capitalization: $93.4B
- News: Investors Heavily Search Palo Alto Networks: Here is What You Need to Know
- offers a complete set of cybersecurity products for small businesses that use Amazon.com’s Amazon Web Services (AWS) platform.
- Market Capitalization: $6.9B
- News: Looking for a Top Momentum Pick? Qualys is a Great Choice
- provides DDoS, bot, and other protection services.
- Market Capitalization: $2.4B
- News: Fastly Named Edge Development Platforms Leader For 2023
Summary
The 10 constituents in the new Cybersecurity Software and Hardware Stocks Index had:
Cybersecurity ETF
Individual stocks that develop security technology services could be volatile, but investing in a basket of them is a quick and easy way to get investment portfolio exposure to this critical segment of the tech sector. The Global X Cybersecurity ETF (BUG), for example, consists of 31 stocks, has an expense ratio of 0.51% and was UP 18.4% in November and is now UP 29.0% YTD in comparison to the 10 constituents in the munKNEE Cybersecurity Software and Hardware Stocks Index.More By This Author:
