Five cybersecurity stocks that gave over 19% return YTD

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Five cybersecurity stocks that gave over 19% return YTD

 Five cybersecurity stocks that gave over 19% return YTD
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Highlights

  • CrowdStrike Holdings, Inc. (NASDAQ: CRWD) projected its revenue to be between US$358 million and US$365.3 million in Q3, FY22.

  • Fortinet Inc (NASDAQ: FTNT) expects its revenue to be between US$800 million and US$815 million in Q3, FY21.

  • Zscaler, Inc. (NASDAQ: ZS) forecast its revenue to be between US$940 million and US$950 million for the fiscal year 2022.

The cybersecurity sector is one of the most watched sectors in recent times after a series of ransomware attacks. The US agriculture secretary, Tom Vilsack, has recently called for improving cybersecurity in the agriculture sector after two recent ransomware attacks.

His comments come after the Minnesota-based agriculture firm Crystal Valley and Iowa-based corn and soy grower New Cooperative were recently targeted by Russian hackers.

The Hacker group BlackMatter demanded US$5.9 million in ransom from New Cooperative for unblocking its computer networks, the company said on Sep 20. On the other hand, Crystal Valley Cooperative said they suffered a ransomware attack on Sep 19.

Let's explore some of the top cybersecurity stocks in the market amid growing cyber threats.

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CrowdStrike Holdings, Inc. (NASDAQ: CRWD)


CrowdStrike Holdings is a cybersecurity company based in Sunnyvale, California. It provides various security solutions like endpoint security, threat intelligence, and other related services.

The shares of the company traded at US$239.57 as of September 29, down 0.95 percent from the previous close. Its stock value increased by 19.49 percent YTD. The firm has a market cap of US$54.66 billion and a forward P/E one year of -452.02. Its EPS is US$-0.83.

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The highest and lowest stock prices for the last 52 weeks were US$289.24 and US$118.10, respectively. Its trading volume was 2,836,472 on September 29.

The company's revenue rose 70 percent YoY to US$337.69 million in Q2, FY22. It reported a net loss of US$57.31 million, against a loss of US$29.87 million in Q2, FY21.

The company now expects its total revenue to be between US$358 million and US$365.3 million in Q3, FY22. It also projected its full fiscal 2022 revenue to be between US$1.39 billion and US$1.40 billion.

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Cybersecurity stocks: CRWD, NET, FTNT, RDWR, ZS

Cloudflare, Inc. (NYSE: NET)

Cloudflare is a web infrastructure and cybersecurity company based in San Francisco, California. It provides various cloud services to businesses globally.

The stock of the company was priced at US$113.60 at 6:35 am ET on September 30, up 1.12 percent from its closing price on September 29. The stock rose 50.61 percent YTD.

The market cap of the company is US$35.94 billion, and the forward P/E one year is -244.22. Its EPS is US$-0.45.

The highest and lowest stock prices of the firm for the last 52 weeks were US$137.07 and US$40.16, respectively. Its share volume on September 29 was 3,715,864.

The company reported revenue of US$152.42 million in Q2, FY21, an increase of 53 percent from the year-ago quarter. Its net loss came in at US$35.51 million, or a loss of US$0.12 per share, compared to a loss of US$26.13 million, or a loss of US$0.09 per share in Q2, FY20.

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Fortinet Inc (NASDAQ: FTNT)

Fortinet is a technology company based in California. It provides a range of cybersecurity services to various enterprises, including communication solutions providers and government agencies.

The shares of the company traded at US$290.42 at 6:48 am ET on September 30, up 0.55 percent from its closing price of September 29. Its stock value grew 98.43 percent YTD.

The firm has a market cap of US$47.17 billion, a P/E ratio of 93.17, and a forward P/E one year of 102.42. Its EPS is US$3.10.

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The highest and lowest stock prices of the company for the last 52 weeks were US$322.00 and US$106.75, respectively. Its trading volume was 1,120,916 on September 29.

The total revenue of the company came in at US$801.1 million in Q2, FY21, representing an increase of around 30 percent YoY. Its net income came in at US$137.5 million, or US$0.82 per diluted share, compared to US$113.8 million, or US$0.69 per diluted share in Q2, FY20.

The company now expects its revenue to be between US$800 million and US$815 million in Q3, FY21, while projecting its full fiscal revenue to be between US$3.21 billion and US$3.25 billion.

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Radware Ltd. (NASDAQ: RDWR)

Radware is an Israel-based cybersecurity and application delivery firm. The company provides services to cloud-based and software-defined firms. The stock closed at US$33.77 on September 29, down 0.88 percent. The stock grew 23.79 percent YTD.

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The market cap of the company is US$1.53 billion, the P/E ratio is 105.53, and the forward P/E one year is 73.41. Its EPS is US$0.32.

The highest and lowest stock price of the firm for the last 52 weeks were US$39.78 and US$21.66, respectively. Its share volume on September 29 was 198,229.

The company's revenue increased by 19 percent YoY to US$69.66 million in Q2, FY21. Its net income came in at US$4.53 million, or US$0.10 per basic share, compared to US$673 thousand, or US$0.01 per basic share in Q2, FY20.

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Cybersecurity stocks to watch after two ransomware attacks recently

Source: Pixabay

Zscaler, Inc. (NASDAQ: ZS)

Zscaler is a San Jose, California-based information security company. It provides a cloud security platform built on zero-trust architecture to clients.

The shares of the company traded at US$259.50 at 7:03 am ET on September 30, up 0.24 percent from its closing price of September 29. Its stock value jumped 32.02 percent YTD. It has a market cap of US$35.91 billion and a forward P/E one year of -127.53. Its EPS is US$-1.93.

The highest and lowest stock prices of the company for the last 52 weeks were US$293.44 and US$120.34, respectively. Its trading volume was 2,244,005 on September 29.

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The company's revenue rose around 57 percent YoY US$197.07 million in Q4, FY21. It reported a net loss of US$81.02 million, compared to a loss of US$49.54 million in Q4, FY20.

For full fiscal 2021, the company's revenue was US$673.10 million, compared to US$431.26 million in the previous year.

The company now expects its total revenue to be between US$210 million and US$212 million in Q1, FY22, while projecting its full fiscal 2022 revenue to be between US$940 million and US$950 million.

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Bottomline


The technology sector grew rapidly over the past few quarters. The S&P 500 technology sector jumped 15.30 percent YTD, suggesting its sustained growth. However, the tech stocks have been retreating in recent sessions amid concerns over economic recovery and the continued threats from the Delta virus, forcing investors to stay away from risky bets. However, investors should evaluate the companies carefully before investing.

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