3 Cyber Monday stocks to watch in December - Kalkine Media

November 27, 2022 10:54 AM PST | By Rupam Roy
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  • Revenue of Palo Alto Networks (PANW) rose 25 per cent YoY in Q1 FY23.
  • Zscaler, Inc. (ZS) is slated to report its starting quarter earnings results for fiscal 2023 on December 1.
  • Revenue of CrowdStrike Holdings, Inc. (CRWD) jumped 58 per cent YoY in Q3 FY23.

Cyber Monday is a marketing term that was incepted to encourage consumers to shop through online channels. The e-commerce-focused event is celebrated on the first Monday after Thanksgiving, which is on November 28.

Meanwhile, while people are focusing on global digitalization in recent years, cybersecurity concerns have also increased manifold. People sharing all their personal information and other key details on online platforms seem to be focusing on the information security aspect, given the increasing number of cyber-attacks in recent days.

Investors also have shifted their focus on the cyber security segment, due to the growing popularity of the sector in recent years. The demand for their services has increased over time, and many companies are now prioritizing the aspect.

So, here we explore three cybersecurity stocks, which include Palo Alto Networks, Inc. (NASDAQ: PANW), Zscaler, Inc. (NASDAQ: ZS), and CrowdStrike Holdings, Inc. (NASDAQ: CRWD), and look at their recent performances:

Palo Alto Networks, Inc. (NASDAQ: PANW)

The major cybersecurity firm specializing in advanced firewalls and cloud-based services, Palo Alto Networks holds a market cap of US$ 52.33 billion.

The stock of the information security firm that focuses on preventing cyberattacks with an automated approach, fell six per cent YTD and two per cent YoY.

Meanwhile, the PANW stock added over five per cent quarter-to-date through November 23, and it was at its 52-week low of US$ 140.075 on November 4, 2022.

In Q1 FY23, Palo Alto Network reported revenue of US$ 1.6 billion, up 25 per cent YoY, while its net income was US$ 20 million, against a loss of US$ 103.6 million in Q1 FY22.

Zscaler, Inc. (NASDAQ: ZS)

The major cloud security firm, Zscaler Inc's market cap is US$ 20.03 billion. The stock of the firm, which offers cloud migration solutions through its integrated platform of services, fell about 56 per cent YTD and around 58 per cent YoY.

The company would report its starting quarter earnings results for fiscal 2023 on December 1, after the market close. Meanwhile, in Q4 FY22, Zscaler Inc's revenue jumped 61 per cent YoY to US$ 318.1 million, and its net loss totaled US$ 97.7 million, versus a loss of US$ 81 million in Q4 FY21.

For fiscal 2022, the cybersecurity company's revenue rose 62 per cent YoY to US$ 1.09 billion.

Earnings highlights of CrowdStrike Holdings Inc (CRWD)Source: ©Kalkine Media®; © Canva via Canva.com

CrowdStrike Holdings, Inc. (NASDAQ: CRWD)

The software firm specializing in the cybersecurity segment, CrowdStrike Holdings had a market cap of US$ 32.89 billion. The stock of the company, which offers cloud workforce and endpoint security, and other related services, fell 31 per cent YTD and around 39 per cent YoY.

The Austin, Texas-based cybersecurity firm is slated to report its Q3 FY23 earnings results on November 29, after market close. Meanwhile, in Q2 FY23, CrowdStrike Holdings Inc's revenue rose 58 per cent YoY to US$ 535.2 million, and its net loss was US$ 49.3 million, against a loss of US$ 57.3 million in Q2 FY22.

Bottom line:

The technology sector was one of the worst-hit segments throughout the year, due to growing uncertainties in the market like higher inflation, and increasing borrowing costs, among others. Investors have kept a distance from the mega-cap technology stocks due to the hovering concerns.

So, investors should do thorough market research before making any investment decisions.

Meanwhile, the tech-savvy Nasdaq Composite index fell over 27 per cent through 2022, while adding about a six per cent rate in the quarter.


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