3 cybersecurity stocks for a safe future

July 24, 2021 05:04 AM AEST | By Team Kalkine Media
 3 cybersecurity stocks for a safe future
Image source: RoBird,Shutterstock

Summary

Cybersecurity has become a necessity for governments and the corporate world with official data, and people's private information is constantly under threat of stealing from hackers.

As such, cybersecurity firms provide solutions to keep your official, and personal electronic data secure from theft or damage. Here, we discuss three cybersecurity stocks for a safe future.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) provides solutions for protection against cyberattacks. CHECK has a market capitalization of US$16.6 billion and a P/E ratio of 20.56. This Israel-based company was founded in 1993, and its IPO came in 1996.

Its Q1 2021 revenue was US$508 million, up 4% YoY. Its GAAP net income was US$183 million, a 2% increase YoY, and the earnings per share diluted were US$1.33, an 8% increase YoY.  

Its Q2 results will be out on July 26. The stock was trading at US$125.40, up 0.34%, at 8:07 am ET on July 23, 2021.

Also Read: Five interesting e-commerce stocks to watch post-covid

Source: Pixabay

Also Read: Crocs, Whirlpool report strong Q2 earnings as retail sector reopens

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cybersecurity solutions and is specialized in endpoint security, attack remediation and threat intelligence and hunting.

This Sunnyvale, California, headquartered company's market capitalization is US$ 59.4 billion. It was founded in 2011 and IPO was launched in 2019.

The company’s revenue for the April quarter of 2021 was US$ 302.8 million, and a net loss of US$ 85.05 million attributable to the company, a 70% & 342% increase YoY. Its 75% of revenue came from channel partners, and 25% came from direct customers. 

CRWD’s revenue contribution from the U.S. was (73%), EMEA (14%), Asia Pacific (10%) and others (3%) in the April quarter. 

It is trading at US$ 263.70, up 0.25% as of July 23, 2021, at 8:51, am ET in pre-market.

Also Read: Six pipeline stocks to explore as energy demand soars

Cisco Systems, Inc. (DE) (NASDAQ:CSCO) provides hardware and software within the networking solution sector. Its security segments include firewall and software-defined security products. The company was founded in 1984, and it went public in 1990.

It has a market capitalization of US$230.26 billion and a P/E ratio of 22.63. Cisco’s current dividend yield is 2.75%. The stock gave 21.88% year-to-date.

Cisco’s revenue for the quarter ended May 1, 2021, was US$ 12.8 billion, a 7% increase YoY. The net income was US$ 2.86 billion, a 3% growth YOY. Its earnings per share diluted were US$ 0.68 compared to US$ 0.65 for the same quarter of 2020.

Also Read: Intel (INTC), Twitter (TWTR): Q2 results surpass estimates

The company’s geographic segments include the Americas, EMEA), Asia Pacific, Japan, and China. Revenue contribution was from America (57%), EMEA (27%) and the Asia Pacific, Japan, and China (16%). 

It is trading at US$ 54.70, up 0.29% as of July 23, 2021, at 8;53 am ET in pre-market.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

The reference data in this article has been partly sourced from Refinitiv.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.