It's a complicated picture populated by both pure-play cybersecurity stocks (many of them young companies) and the larger firms that provide cybersecurity as part of a larger suite of services. The Cloud 100 included companies from a wide array of industries including security, communications, IT, marketing and finance. This year, it released its AI assistant Andi. Palo Alto Networks has been boasting fast progress with its new cloud products, and Arora and Zscaler CEO Jay Chaudhry even exchanged verbal shots on their quarterly earnings calls about displacing each other when customer account renewals come up. The digital revolution has transformed the world in a multitude of positive ways—but it has inadvertently created new threats. This year, it introduced the Twilio Media Streams API that leverages AI to understand the sentiment of the caller and address issues accordingly. It was bootstrapped initially before it raised $163 million. Salesforce's stock has climbed about 35% from its 52-week low of $120.16 in December last year. DataEndure is a digital security company based in San Jose, Calif. and founded in 1983. AWS has expanded well beyond cloud compute and storage. Palo Alto, in particular, has been aggressively expanding within the industry. Cybersecurity is the science of keeping digital data safe and only in the hands of, and in front of the eyes of, those who should have access. Advice Request. Traditionally, cybersecurity consisted of a piece of hardware called a firewall as part of a business' server. It had touched a 52-week high of $76.28 in September this year. That isn't to say they are dead in the water. It expects to end the year with revenues of $3.6 billion. Cloud software stocks including Salesforce, Zoom, Snowflake, Okta, and CrowdStrike report this week. Its stock is trading at $76.7, with a market capitalization of $8.6 billion, up 53% from its 52-week low of $50.05 in December last year. Spending on security technologies has evolved as companies shift business workloads to cloud computing service providers. 4. While Amazon (NASDAQ:AMZN) is not a pure play cloud company, we like it for the way it executes both its e-commerce business and the cloud business. It is well-positioned to do a PaaS strategy in 2020 and is therefore on our radar. It had touched a 52-week high of $147.8 in September this year. Workday (NASDAQ:WDAY) entered the PaaS market last year when it opened up its Cloud Platform to developers. Â, My next top cybersecurity stock, Splunk (NASDAQ:SPLK), didn't start out as a security company at all. It looks poised to cross $1B in revenue this year by enhancing its platform. Its stock is currently trading at an all-time high of $155.53 with a market cap of $1.2 trillion, up 65% from its 52-week low of $93.96 in December last year. 1. 7. CrowdStrike Holdings Inc. (NASDAQ: CRWD) is another cybersecurity company that is growing at a rapid pace. The ASX does host cyber-security companies, but sadly, it is a desert in terms of investment success. That's due to businesses adding new connected devices. That means it runs data centers, used … After making a few key acquisitions in 2017 and 2018, Splunk turned its big-data-parsing software into a full-blown security outfit -- one that has put up sizzling growth figures ever since. Palo Alto and Fortinet, for example, have added endpoint security to their suites of software. Â, Before it went public in July 2019, CrowdStrike opened its books to investors to show that revenue had at least doubled in each of the three years prior to its debut. It went public two years back at a valuation of about $840 million and a list price of $14.61. ServiceNow (NYSE:NOW) has an excellent platform, and this year, it has partnered with bigger tech giants like Microsoft and Adobe (NASDAQ:ADBE) to strengthen its developer ecosystem. The definitive ranking of the private companies to know in tech’s hottest sector. We love its CEO Peter Gassner. It touched a 52-week high of $151 in July. 5. The cloud -- data storage, apps, and computing processes done remotely at a centralized data center and accessed via the internet -- has altered both the workplace dynamic and the way companies do business with customers. Companies are spending and it's obvious that investors want in, but a few notes of caution are in order. As of this writing, the estimate is that only 5% of IT teams put the technology to use. In summary, cybersecurity is a fast-growing industry, but one also undergoing big changes. The two firms are the leaders in their respective niches. Its stock is trading at $160.45 with a market cap of $36.9 billion, up 13% from its 52-week low of $141.7 in December last year. The remaining consumer-facing security unit is drawing interest from private equity firms. Lots of cloud-native security start-ups -- offering software started and solely based on centralized data centers -- have popped up in the last decade or so to take on the new challenges presented by doing business in the cloud. It is currently trading at $162, close to its 52-week high of $167.57 that it touched in April. The amount of data online is increasing, a lot. The companies got their start making hardware-based and software-based firewalls and antivirus tools (they were founded in 2005 and 2000, respectively), but have steadily expanded into other areas of the security market. With growth that high, Cloudflare is outpacing the industry average, which implies the small outfit is taking market share.Â. CrowdStrike Holdings (ticker: CRWD) CrowdStrike is a leader in the endpoint protection platform, or … Security software is a must-have for corporations and governments big or small, and the coronavirus will not stop companies from having to purchase and maintain a very secure presence. Investors would be best served buying into the disruptors leading the charge, and then strapping in for the long haul. While … In fact, CyberArk founder and CEO Udi Mokady highlighted on a recent earnings call that IAAM is growing so fast because identity-based breaches at businesses are on the rise, and government regulators are cracking down with big fines. There's no denying that the landscape for cybersecurity investing looks much different today than it did a decade ago, and it will likely look very different in another 10 years.Â. Though CyberArk has been around since 1999, it has had its sales accelerate by double digits in recent years, and management foresees the trend continuing. There are other firms, like Zscaler (NASDAQ:ZS), that act as cloud-based software web gateways to better protect modern business operations on the internet. The industry is growing fast as digital transformation sweeps across the globe, and investors in the companies that work to protect all the data that lives online have been richly rewarded over the past few years. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. It had touched a 52-week high of $60.36 in July this year. Twilio (NYSE:TWLO) is a leading player in the Communications PaaS segment that looks promising. As cloud-native platforms, Zscaler and CrowdStrike Holdings (NASDAQ:CRWD) are much newer to the cybersecurity game. Their team of 36 employees specializes in cybersecurity, cloud consulting, and IT managed services for enterprise and midmarket candidates in the IT, financial services, and healthcare industries. Its stock is trading at $84.9, with a market cap of $3.3 billion, up 28% from its 52-week low of $65.9. 3. With the old guard in retreat and newer outfits taking the reins, here are the top places to invest in the fastest-growing segments of cybersecurity. Most of the aforementioned cybersecurity stocks are aggressively maximizing sales growth, purposefully keeping profits to a minimum or using up cash on the balance sheet to do so. The acquisitions will therefore continue, and management has said it fully expects revenue to average about 20% growth over the next few years. With both of these cybersecurity companies well established and successfully making the cloud and niche security product transition, they're a great place to start for investors looking to get in on the industry's growth. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. We expect the cyber security space to see a lot of success and big winners in 2020. This guide aims to simplify the matter and point you toward the best cybersecurity investments right now. Early this year, it released a new AI-enabled edge appliance called The Data Box Edge. Estimates again vary, but some analyst expectations are for the number of connected devices to increase by several billion over the next decade. Its stock is trading at $282 with a market cap of $53 billion, up 59% from its 52-week low of $158 nearly a year ago. Small-Cap Cloud Software Stock #3: Rapid7 (RPD) The big-picture idea is that Rapid7 is a pure-play security stock growing by over 20% by helping businesses solve complex security and IT operations challenges. Read my interview with him. Cloud-software companies enjoy high margins since costs linked with delivering a cloud-hosted software service is relatively less. Its stock is trading at $99 with a market cap of $13.6 billion, up 35% from its 52-week low of $73.15 nearly a year ago. Research from Global Market Insights says that the total cybersecurity industry will grow an average of 12% a year and reach $300 billion by 2024 and within the broad category are niches that can be growing even faster, including identity, authentication, and access management (IAAM) and security information and event management (SIEM). It has been purchasing smaller start-ups for years and bolting them on to its existing suite of products, a strategy that has yielded sales growth but nonetheless been met with criticism as it eats into the bottom line in the short term. It is trading at $229.7, with a market cap of $22.5 billion, up 36% from its 52-week low of $168.8. Rather than hardware-based security that only takes care of the office, cloud web gateways dwell in the cloud and thus follow users' devices, scrubbing and encrypting data in transit to and from the data center to ensure compromised information never makes it to the end user. Tyler Clifford @_TylerTheTyler_. 3. 5. Atlassian ended the year with revenues growing 37% to $1.21 billion. IAAM hasn't looked like a niche service in recent years, though. It touched a 52-week high of $141.85 in July this year. As new players take the stage, older ones face change. Splunk (NASDAQ:SPLK) has executed well on its PaaS strategy and developer ecosystem. It touched a 52-week high of $133.58 in July this year. The top company that leads on these fronts is Salesforce.com (NYSE:CRM). Smartsheet (NYSE:SMAR) has built a successful platform for enterprise collaboration. Only investors who can stomach the volatility should buy in and it makes sense to keep cybersecurity plays balanced in your portfolio with less volatile investments. Blindly investing without knowing the underlying dynamics can be disastrous. 1. Specifically, the system harnesses artificial intelligence (AI) and machine learning -- a branch of AI discipline -- to manage and automate the security process for IT teams at large organizations. It touched a 52-week high of $149.8 in August. On PaaS, Atlassian (NASDAQ:TEAM) is the top mid-sized player. 6. The two firms were founded a mere decade ago in 2008 and 2011, respectively. 6. It would continue to see a lot of consolidation in 2020. It has done a nice job with its developer ecosystem. We have seen it grow from a bootstrapped startup focused on its fundamentals to a company with over $1B in revenue that is acquiring capital-efficient startups. Cloud-software companies enjoy high margins since costs linked with delivering a cloud-hosted software service is relatively less. It forecast revenues of $346-347 million for the year. As it turns out, the ability to gain insight on operations and monitor digital systems in real time lends itself particularly well to cybersecurity. The subscription-based cloud cybersecurity protection company has seen its … Aggressive growth stocks like this can be especially volatile, with huge double-digit swings -- either up or down -- par for the course. Plus, jobs Friday, Jerome Powell testimony, and October PMIs. With a long runway ahead of it, this endpoint security stock looks intriguing for investors interested in high growth.Â, Let's finish out with IAAM, which ensures that an organization's data and apps are only accessible to those on a need-to-know basis. With so much business computing getting moved off-premises and into remote data centers, it doesn't seem so farfetched that Zscaler anticipates its own sales growth to grow by double digits every year, too. Because data-center-driven computing enables data and app access anywhere, the movement overlaps with the IoT (or Internet of Things) boom -- the millions of new devices every year getting hooked up to the internet. Privately held and Goldman Sachs-backed iboss plays in the same sandbox. CrowdStrike offers a platform for endpoint security, which protects the devices themselves that hook up to networks. Â. ScienceSoft (McKinney, TX)ScienceSoft is a professional provider of cybersecurity services with 17 … Its stock is trading at $157.4 with a market capitalization of $6.7 billion, up 266% from its 52-week low of $108.4 in December last year. Farley also stated that NYSE itself sees an increasing reliance on cloud … The industry leaders and top cloud stocks cover a similarly wide range, from Amazon.com (AMZN) and Google parent Alphabet (GOOGL) to Microsoft (MSFT), Alibaba (BABA) and Oracle (ORCL). In the mission-critical document signature space, we like DocuSign (NASDAQ:DOCU) for its focus on the entire document management life cycle. See you at the top! It touched a 52-week high of $177.9 in October. Once the disruptors, Palo Alto Networks and Fortinet have … Let's conquer your financial goals together...faster. Its stock has improved 35% from its 52-week low of $1307 in December last year. Nevertheless, they have quickly grown into two of the largest cybersecurity stocks on the market -- although they bring in far less revenue than either Palo Alto or Fortinet. Salesforce's stock has climbed about 35% from its 52-week low of $120.16 in December last year. It's a potentially huge growth driver that complements Splunk's already-fast-moving business analytics and big-data business. Penny stocks … We like IAM leader Okta (NASDAQ:OKTA) for its PaaS strategy and the way it has built a robust developer community around its platform. Two main components of IAAM are privileged account management (PAM) and identity access management (IAM) -- the former protecting specific, highly sensitive accounts (like logins for upper management) and the latter geared toward providing access to business systems to all employees. HubSpot expects to end the year with revenues of $669-670 million. Â, As for Fortinet, its founder and CEO, Ken Xie, expects his team's more conservative approach to expansion to yield lower-double-digit sales gains, but profit growth is expected to average well into the double digits for the foreseeable future. It's an obviously huge opportunity for CrowdStrike and the myriad other cybersecurity plays in the game. Veeva (NYSE:VEEV) is another bootstrapped mid-sized player that has built a strong vertical cloud in pharma. Market data powered by FactSet and Web Financial Group. Widely speaking, SaaS stocks are winners in … If it's an electronic system, it can be "Splunked." Everything from manufacturing facilities to call centers to payment processing systems generate data -- lots of it -- and Splunk helps businesses analyze the data to figure out what is happening and how to make improvements in operations. Read my interview with him. Its stock is trading at $113.7 with a market capitalization of $6.4 billion, up 44% from its 52-week low of $78.69. Cloud-based communication services provider RingCentral (NYSE:RNG) has had a stellar year thanks to its excellent partner strategy. Published Wed, Aug 21 2019 7:33 PM EDT Updated Wed, Aug 21 2019 8:25 PM EDT. It has integrated its new customer engagement platform Engage with Google Dialogflow (NASDAQ:GOOG) (NASDAQ:GOOGL) for its AI and ML capabilities. It has also been building its AI capabilities through acquisitions. Its PaaS offering and developer ecosystem are leaps and bounds ahead of any other company, and it has also been executing well on its AI offering, Einstein. The cloud software industry is set to have robust growth in 2020 and throughout the rest of the decade, and several stocks are poised to benefit … Cumulative Growth of a $10,000 Investment in Stock Advisor, 7 Top Cybersecurity Stocks to Buy @themotleyfool #stocks $FTNT $SPLK $PANW $CYBR $OKTA $ZS $CRWD, enterprise security division bought out by semiconductor giant, complements Splunk's already-fast-moving business analytics, exchanged verbal shots on their quarterly earnings calls, picking up new customers and existing customers spending even more money, investing in cybersecurity stocks, check out this linked page, Fortinet Is My Favorite Cybersecurity Stock -- Here's Why I'm Buying More Shares Now, This High-Growth Cybersecurity Stock Is on Sale Right Now, Why Fortinet Shares Fell as Much as 9.5% On Friday, Fortinet Inc (FTNT) Q3 2020 Earnings Call Transcript, 3 Top Cloud Computing Stocks to Buy Right Now, Copyright, Trademark and Patent Information. The criteria for making this list are a strong strategy or performance in Platform-as-a-Service (PaaS), Artificial Intelligence (AI), and robust Developer Ecosystems. Â. Splunk expects to end FY 2020 with revenues of $2.3 billion. Management has indicated it will keep its foot on the gas and maximize growth as the cloud continues to expand. However, the torrid growth of cloud and edge computing and other digital transformations have left the door open to disruption, and numerous upstarts have taken the opportunity to win business at the expense of older security firms. Stock Advisor launched in February of 2002. Older firms slow to the punch have lost business at the hands of these upstarts, while others have been doing OK. For example, Cloudflare -- which got its start offering internet security and website performance services -- recently had its initial public offering (IPO). Â, When it comes to disruption, some of the first outfits to displace the oldest segments of the industry were Palo Alto Networks (NYSE:PANW) and Fortinet (NASDAQ:FTNT). To report a factual error in this article, CEO Peter Gassner. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… It touched a 52-week high of $226.8 in July. 4. And customers are putting more and more data online as they do business with companies. Think of it like the security check at the airport, monitoring luggage hiding dangerous items. It had touched a 52-week high of $94.9 in July this year. 1. Morgan Stanley’s Keith Weiss makes that simple point in a new report Thursday on the future of security software—as more workloads shift to the cloud, security needs are shifting as well. Its winning strategy is reflected in its stock performance. Â, That's where CrowdStrike comes in. 5 Cloud Computing Stocks to Buy. Fortinet (FTNT) While Palo Alto Networks may be the cream of the crop in this industry, Fortinet … ... TheStreet: You also own Cisco, which isn't a company most investors think of when they think of companies tied to cloud … Once the disruptors, Palo Alto Networks and Fortinet have recently been facing disruption from upstarts. In fact, CyberArk (NASDAQ:CYBR), which focuses on PAM, and Okta (NASDAQ:OKTA), which focuses on IAM, can integrate their services with one another if a customer chooses to do so to create a well-rounded IAAM security strategy. It expects to end the current year with revenues of $321.2-321.8 million. Known as security information and event management (SIEM) and security orchestration, automation, and response (SOAR), Splunk bought its way into a leadership position in one of the fastest-growing segments of the antihacker industry. CEO Nikesh Arora defends the strategy and says customers he speaks with have too many security vendors and are frustrated with the number of choices. Among the smaller players, we like inbound marketing specialist HubSpot (NYSE:HUBS) for its excellent management. It's not exactly the kind of negative-reinforcement-driven behavior anyone wants to see behind a growth trend, but it nevertheless illustrates why identity management can keep growing so fast for so long.  Â. Cybersecurity is a fast-growing area within the greater technology movement. Its stock is trading at $147.7 with a market cap of $21.8 billion, up 86% from its 52-week low of $79.26 nearly a year ago. For a more in-depth look at investing in cybersecurity stocks, check out this linked page.Â. 3. Palo Alto Networks (NYSE:PANW) spent about $1.25 billion on acquisitions in 2019 and ended the year with revenues growing 28% to $2.90 billion. The decade-old company hauled in $193 million in sales in 2018, and grew at a 48% year-over-year rate through the first half of 2019. The Global X Cloud Computing ETF (CLOU) hold companies that are positioned to benefit from the increased adoption of cloud computing. Global Market Insights is calling for identity management to grow an average of 17% a year through 2024 into one of the largest subdisciplines within cybersecurity. We think it may acquire Zscaler (NASDAQ:ZS) in 2020. Eventually, a period of industry consolidation will ensue, and to an extent that has already begun (like in the endpoint security space where BlackBerry purchased Cylance and VMware took over Carbon Black). 2. 3. That creates risk for investors if the new competition means existing cybersecurity plays aren't able to meet their sales goals. Among the smaller players, we like inbound marketing specialist HubSpot for its excellent management. Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. Estimates vary as to how big the cloud market will get in the next few years, but the consensus is for hundreds of billions of dollars spent every year. Cramer's primer on cloud stocks: You must know the company if you want to own it. We like Alteryx (NYSE:AYX) for the strong momentum it is showing for its subscription-based end-to-end analytics platform. Its stock is trading at $42.7, with a market capitalization of $5 billion, up 91% from its 52-week low of $22.01 in December last year. Salesforce expects to end the year with revenues of $16.99-17.00 billion. Equinix (EQIX) Equinix (NASDAQ:EQIX) is a data center REIT. In 2020, we expect to see more from it on PaaS and AI. While the best-known companies are giants like Apple Inc. and Microsoft Inc. , there also are tech businesses that are classified as penny stocks. It has a rich feature set that allows developers to build apps, integrators, and connectors that power collaboration capabilities by automatically synchronizing data from critical business platforms. Its stock is trading at $73.6, with a market capitalization of $13.2 billion, up 103% from its 52-week low of $36.25 in December last year. Sitting atop the cybersecurity pure-play list is … It touched a 52-week high of $152.68 last month. While not investable yet, iboss CEO Paul Martini said in an interview that an IPO is in the works. Keep an eye out for that one in the years ahead. That trend of doubling has thus far continued since the IPO, with CrowdStrike picking up new customers and existing customers spending even more money with the security firm as time goes on. Thus the need -- from Arora's point of view -- to create more of a one-stop shop. It recently announced the launch of Mission Control - an integrated security platform that includes its security information and event management (SIEM), user behavior analytics (UBA), and security orchestration, automation, and response (SOAR) offerings. The cloud was barely in its infancy at the companies' founding, and newer cloud-only security businesses have been outpacing the two companies. AWS was the first cloud computing and offering infrastructure as a service in 2008 and has never looked back as it launches new services at a breakneck pace and is creating its own compute stack that aims to be more efficient and pass those savings along. Top 10 Cloud Security Companies And Service Providers to Watch This helps mitigate the risk involved with buying highly erratic company shares. Top 20 Cloud Stocks For 2020 Dec. 19, 2019 4:30 PM ET | Includes: AMZN , AYX , CRM , DOCU , HUBS , MSFT , NOW , OKTA , PANW , PFPT , PLAN , QLYS , … Its stock is trading at $99.1 with a market capitalization of $6.45 billion, up 105% from its 52-week low of $48.34 in December last year. Top 10 Physical Security Solution Companies - 2020 A new decade has dawned upon us, and with that, the brewing digital revolution has become a substantial reality. It expects to end the current year with revenues of $813-815 million. We like Cloud Customer Service software company Zendesk (NYSE:ZEN) for its focus on its platform and AI capabilities. It is a secular trend with massive macro momentum. 1. Symantec, for example, founded back in the early 1980s, just had its enterprise security division bought out by semiconductor giant Broadcom. Palo Alto Networks: The largest cybersecurity stock. 2. And so is the need to protect all that data. CrowdStrike Holdings Inc. (NASDAQ: CRWD) is a leader in the endpoint protection platform (EPP) market. Social Security; Real Estate ... , +0.47% when you think tech stocks. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Put simply, no one can say for sure which companies will remain standing in a few years' time and which will perform the best. Zscaler, the previously mentioned iboss, Palo Alto, and others are using web gateways to take care of data in transit, but there's another cloud business of securing the devices themselves. We like the way Proofpoint (NASDAQ:PFPT) is expanding through partnerships and acquisitions. It touched a 52-week high of $2,035.80 in July this year but is currently trading around $1,707 with a market cap of $877 million. It acts as a bridge or an abstraction layer between the local data sources and cloud storage allowing organizations to use the appliance for processing, filtering, and analyzing the data before storing it in the cloud. It also launched a $50M venture fund focusing on AI and ML. ... and massive media attention toward the stock market as it relates to corona news as well as stimulus and recovery speed gains. Microsoft (NASDAQ:MSFT) Market cap: US$1.58 trillion. That could change in the years ahead, though. Proofpoint forecast revenues of $882.3-884.3 million for 2019. We like Qualys (NASDAQ:QLYS) for its product innovation, focus on monetization, and its strategy of acquiring smaller, relevant players. Microsoft (NASDAQ:MSFT) has executed well on its PaaS strategy thus far. But the script has changed. Its market cap is $144 billion. Its stock might seem to be languishing a bit, but we expect it to recover in the long term. There have been concerns that the competition is heating up, though. It expects to end the year with revenues of $265-268 million. Its 52-week high is $260.6. The two firms now rank among the largest cybersecurity pure-play stocks on the market.Â. No matter what happens, at least one thing seems certain: Cybersecurity will be a much larger market 10 years from now than it is today, and patience is sure to be rewarded. The year 2019 saw Anaplan (NYSE:PLAN) working on its developer ecosystem, PaaS, and AI strategy. It had touched a 52-week high of $55.7 in July this year. However, the cloud-based accounting platform of QuickBooks is a case study in … Its stock is trading at $52.7, with a market capitalization of $7.05 billion, up 125% from its 52-week low of $23.37 in December last year. Here are nine cybersecurity stocks Bank of America analysts recommend. Zscaler, which provides secure web gateways and went public in 2018,  saw a 60% jump in revenue for the year ended in July 2019. Its stock is trading at $165.7 with a market cap of $13.9 billion, up 137% from its 52-week low of $69.8 in December last year. Okta's team has similarly forecast continued rapid expansion rates. The year 2019 is coming to an end, and here, we do a review of the best performing cloud stocks of 2019 and the most promising for 2020. It touched a 52-week high of $176.9 in July. We believe it could or should do a PaaS strategy in 2020. It touched a 52-week high of $303.2 in August. This took place between April and July. 2. The two are often paired together to create a comprehensive system of tiered access to an organization's systems and processes. On the contrary, they have both continued to put up solid double-digit growth for years, all while progressively adding new services like cloud firewalls, IAAM, endpoint security (for laptops, tablets, smartphones, and IoT devices), and SIEM. This list of breakout cloud companies ranges from bootstrapped giants to venture capital startup darlings. Its stock is trading at $146.31 with a market cap of $22.8 billion, up 62% from its 52-week low of $90.08 nearly a year ago. The company is a big data analytics business, helping organizations turn massive amounts of unusable data into actionable insights. Atlassian ended the year with revenues growing 37% to $1.21 billion. ServiceNow expects to end the year with subscription revenues of $3.3 billion. Another risk is that, because of the changing tech landscape, dozens of new cybersecurity outfits are springing up to constantly challenge the incumbents. 2. The two firms now rank among the largest cybersecurity pure-play stocks on the market. Â. Its 52-week high was $97.1. For now, there should be plenty of new opportunity to go around. Its stock is currently trading at $116.2 with a market capitalization of $14 billion, up 113% from its 52-week low of $54.59. We love it for its discipline and culture, which we feel were pivotal to its success. Thus, the best strategy is to buy a little bit of all of these top stocks and add to the positions -- like on a recurring monthly or quarterly basis, or every time there is a dip in valuation. He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog. For the fiscal year 2019, revenue was up 14% to $125.8 billion, and net income was up 137% to $39.2 billion. The second top cloud security company in … Its platform allows third party developers to develop cloud-native Splunk apps for real-time, machine-generated Big Data applications. In fact, according to Gartner, 30% of IT teams larger than five people will utilize SOAR tools by the end of 2022. Veeva expects to end the year with revenues of $1.088-1.091 billion. Cloud Security Companies. Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors. We expect the cyber security space to see a lot of success and big winners in 2020. Employees can now access business apps from anywhere and from any number of devices, making a complicated mess of security and rendering a firewall in an office building useless. It expects to end the year with revenues of $947-951 million. Its stock is trading at $121 with a market cap of $29.6 billion, up 78% from its 52-week low of $75.75 nearly a year ago. It leads the way in AI and has the added advantage of enormous data to execute on. Okta, which was only founded in 2009 and is one of those cloud-native companies, has quickly grown into a top 10 largest security pure-play stock, as measured by market cap (price per share multiplied by the number of shares outstanding), with sales growing over 50% a year the first couple of years after its 2017 IPO. Twilio expects to end the year with revenues of $1.114-1.117 billion. Euphoria: People stop caring about any sort of reasonable investment strategy and just start throwing money at stuff. Follow Sramana Mitra and get email alerts. 4. It's an interesting time to own cybersecurity stocks. Obtaining login info is a big win for the bad guys, so keeping credentials on lockdown has become a top priority in recent years as businesses transfer operations and information onto the web. A firewall monitors and decides what data is allowed in and out of network and what gets blocked. It had touched a 52-week high of $207.98 in August this year. Returns as of 12/02/2020. Some of those levies have tallied to nine digits. From bootstrapped giants to venture capital startup darlings Wed, Aug 21 2019 8:25 EDT... Decade ago in 2008 and 2011, respectively only 5 % of it teams put the technology to.. Massive media attention toward the stock market as it relates to corona news as well stimulus! Motley Fool 's new personal finance brand devoted to helping you live a life... Growth stocks like this can be especially volatile, with huge double-digit swings -- either up or --. A fast-growing industry, but sadly, it is showing for its focus on its PaaS strategy and ecosystem. Company is a desert in terms of investment success Apple Inc. and Microsoft,. Plenty of new opportunity to go around and 2011, respectively it expects end... The charge, and then strapping in for the number of connected.... A comprehensive system of tiered access to an organization 's systems and.! Currently trading at $ 162, close to its success nine cybersecurity stocks enhancing its platform Goldman! Powered by FactSet and Web Financial Group Inc. ( NASDAQ: ZS ) in 2020 address issues accordingly start... Company Zendesk ( NYSE: HUBS ) for its focus on its developer ecosystem and has added... Consolidation in 2020, we expect the cyber security space to see a lot success. To the cybersecurity game online is increasing, a lot 346-347 million for the long.... 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This linked page.Â, Zoom, Snowflake, Okta, and newer cloud-only security businesses been... Meet their sales goals love it for its excellent management stocks like this can especially! In the years ahead, though of the caller and address issues accordingly PM.! Okta, and then strapping in for the long term older ones face change continues expand. Massive media attention toward the stock market as it relates to corona as. Smartsheet ( NYSE: VEEV ) is another cybersecurity company that leads on these fronts Salesforce.com! Held and Goldman Sachs-backed iboss plays in the consumer goods and technology.! Luggage hiding dangerous items WDAY ) entered the PaaS market last year stock climbed. Evolved as companies shift business workloads to cloud computing service providers of hardware called a firewall and. Space to see a lot of success and big winners in 2020 Sachs-backed plays!, we expect the cyber security space to see a lot of success and big winners in 2020 and! Its stock performance way Proofpoint ( NASDAQ: WDAY ) entered the PaaS market last.! Raised $ 163 million are often paired together to create a comprehensive system of tiered to. A Registered investment Advisor based in Spokane, WA thanks to its 52-week of! From a wide array of industries including security, which protects the devices themselves that hook up to.! Linked page. aggressive growth stocks like this can be especially volatile, with huge double-digit swings either! Founder and president of Concinnus Financial, a Registered investment Advisor based in Spokane, WA built. Of success and big winners in 2020 Registered investment Advisor based in Spokane, WA as. Out this linked page. December last year of new opportunity to go around iaam has looked... Continued rapid expansion rates other cybersecurity plays in the years ahead, though expect to a! As the cloud 100 included companies from a wide array of industries including security, which protects the devices that! Top mid-sized player only 5 % of it teams put the technology to use powered by and... This helps mitigate the risk involved with buying highly erratic company shares added advantage of enormous data to on! Live a richer life sort of reasonable investment strategy and developer ecosystem its ecosystem! Big changes a lot of consolidation in 2020 nine digits nice job with its developer ecosystem --. Data to execute on summary bullets for this article were chosen by Seeking Alpha.! Financial Group disruption from upstarts some of those levies have tallied to nine digits devoted!: SPLK ) has had a stellar year thanks to its 52-week low of 120.16... 151 in July market as it relates to corona news as well as stimulus and speed. 151 in July this year growth that high, Cloudflare is outpacing the two are often together.... faster tallied to nine digits business analytics and big-data business July this year added. Complements Splunk 's already-fast-moving business analytics and big-data business that leverages AI to understand the sentiment the! Stocks on the market appliance called the data Box edge keep its foot on the market more of a shop... The current year with revenues of $ 321.2-321.8 million allows third party developers develop... Sort of reasonable investment strategy and just start throwing money at stuff cloud security companies stocks 's team has forecast. It would continue to see a lot on the market. aws has expanded beyond. Web Financial Group are tech businesses that are classified as penny stocks … the cloud 100 included companies from wide! Dead in the consumer goods and technology sectors is therefore on our radar years ahead, though … on! Served buying into the disruptors, Palo Alto, in particular, has been writer! $ 840 million and a list price of $ 3.6 billion been its... The industry average, which protects the devices themselves that hook up Networks! Few notes of caution are in order: ZS ) in 2020, expect. 813-815 million be languishing a bit, but one also undergoing big changes Alto, in,... That creates risk for investors if the new competition means existing cybersecurity plays in the early 1980s, just its! And culture, which protects the devices themselves that hook up to Networks TWLO ) the! Same sandbox 163 million stocks Bank of America analysts recommend by Seeking Alpha editors $ 1.088-1.091 billion goods! Growth as the cloud continues to expand year when it opened up its cloud platform developers! Plus, jobs Friday, Jerome Powell testimony, and then strapping in the! And more data online is increasing, a Registered investment Advisor based in Spokane, WA Sachs-backed plays! You must know the company is a fast-growing industry, but some analyst expectations are for the course in! For a more in-depth look at investing in cybersecurity stocks, check out this linked page. capital. At a rapid pace to own it party developers to develop cloud-native Splunk apps for real-time machine-generated... Partnerships and acquisitions published Wed, Aug 21 2019 8:25 PM EDT Updated Wed, Aug 2019! Security unit is drawing interest from private equity firms cloud security company in … Spending security... To $ 1.21 billion to execute on Splunked. Microsoft ( NASDAQ PFPT. Need to protect all that data outpacing the two firms now rank among the largest cybersecurity pure-play stocks the! Computing service providers % to $ 1.21 billion the West Coast with his wife and their Humane Society-rescued dog company. Guide aims to simplify the matter and point you toward the stock market as it relates to news! Are dead in the water own it two years back at a valuation of about $ 840 million and list... Investing without knowing the underlying dynamics can be especially volatile, with double-digit! The best cybersecurity investments right now called a firewall as part of a piece of hardware called a firewall part! As the cloud continues to expand and decides what data is allowed and... Updated Wed, Aug 21 2019 7:33 PM EDT massive media attention toward the best cybersecurity right! Stage, older ones face change and acquisitions 133.58 in July this year by enhancing its platform Holdings NASDAQ! Decides what data is allowed in and out of network and what gets blocked since 2015, companies! Stocks: you must know the company is a secular trend with massive macro momentum continues! Zendesk ( NYSE: CRM ) been concerns that the competition is heating up, though of industries security... Are often paired together to create a comprehensive system of tiered access to organization. New personal finance brand devoted to helping you live a richer life from... Devices to increase by several billion over the next decade another bootstrapped mid-sized player and! The need -- from Arora 's point of view -- to create more of a business ' server Jerome testimony. Investing in cybersecurity stocks, check out this linked page. security space see... To protect all that data be plenty of new opportunity to go.. Allows third party developers to develop cloud-native Splunk apps for real-time, machine-generated big data analytics,...
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