Five hot cybersecurity stocks on radar amid ransomware threat

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Five hot cybersecurity stocks on radar amid ransomware threat

 Five hot cybersecurity stocks on radar amid ransomware threat
Image source: Rawpixel.com,Shutterstock

Highlights

  • Total revenue of Leidos Holdings Inc. (NYSE: LDOS) surged 18% YoY to US$3.4 billion.
  • Total revenue of Cloudflare Inc. (NYSE: NET) rose 53% YoY to US$152.4 million
  • Shares of Cloudflare ticked up 0.43% in the intraday session.

The information technology sector is bouncing back after witnessing a decline last year as the cybersecurity threats rise. The latest second-quarter earnings show that most IT companies have exceeded Wall Street expectations.

Overall, the technology sector saw notable gains in recent times. The work-from-home trend and increased ransomware attacks elevated the data security concerns and the need for solutions.

Thus, cybersecurity firms are in the limelight as investors look for stocks to invest in amid their brightening growth prospects. Let's explore five hot cybersecurity stocks in the market now.

Mimecast Ltd (NASDAQ: MIME)


The stocks of the cloud-based email management and cybersecurity provider traded at US$59.04 as of 10:27 am ET on August 13, down 0.20 percent compared to its closing price on August 12. The stock value of MIME surged 9.18 percent YTD.

The highest and lowest stock price of the firm for 52 weeks is US$59.96 and US$37.03. Its share volume was 611,498 on August 12.

The market capitalization of the company is US$3.89 billion. Its forward P/E one year is 93.90. The earnings per share (EPS) is US$0.55.

The total revenue of the London-based corporation in Q1 of fiscal 2022 was US$142.5 million, up 24% on GAAP basis than its year-ago quarter. Its generated operating cash flow was US$40.7 million, while free cash flow was US$31.6 million. The GAAP EPS was US$0.15 per diluted share.

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Source: Pixabay.

Leidos Holdings Inc. (NYSE: LDOS)
The stocks of the defense and cybersecurity firm traded at US$95.52 as of 10:40 am ET on August 13, down 0.39 percent compared to its closing price on August 12. The stock value of Leidos declined 6.39 percent YTD.

The highest and lowest stock price of the firm for 52 weeks is US$113.75 and US$79.15. Its share volume on August 12 was 534,136.

The market capitalization of the company is US$13.52 billion. Its forward P/E one year is 14.82. The earnings per share (EPS) is US$5.10.

The revenue of the Virginia-based corporation in Q2 surged 18 percent YoY to US$3.4 billion. Its diluted earnings per share came in at US$1.18, or US$1.52 on a non-GAAP basis. The operating income was US$269 million, compared to US$249 million in the year-ago quarter.

CrowdStrike Holdings Inc (NASDAQ: CRWD)

The stocks of the cybersecurity technology firm traded at US$246.32 as of 10:54 pm ET on August 13, up 0.20 percent compared to its closing price on August 12. The stock value of CRWD surged 22.61 percent YTD.

The highest and lowest stock price of the firm for 52 weeks is US$272.63 and US$98.31. Its share volume on August 12 was 2,480,860.

The market capitalization of the company is US$55.91 billion. Its forward P/E one year is -491.64. The earnings per share (EPS) is US$-0.72.

The tech firm is expected to release its Q2 report for fiscal 2022 on Tuesday, August 31, after the market close.

However, in the first quarter of fiscal 2022, the total revenue of the California-based company was US$302.8 million, up 70% compared to US$178.1 million in the year-ago quarter. The generated cash flow from operations was a record US$147.5 million, while free cash flow came in at a record US$117.3 million.

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Cloudflare Inc (NYSE: NET)


The stocks of the website security firm traded at US$122.76 as of 11:13 am ET on August 13, up 0.43 percent compared to its closing price on August 12. The stock value of Cloudflare surged 63.87 percent YTD.

The highest and lowest stock price of the firm for 52 weeks is US$127.70 and US$32.70. Its share volume on August 12 was 5,855,602.

The market capitalization of the company is US$38.41 billion. Its forward P/E one year is -271.62. The earnings per share (EPS) is US$-0.45.


Source: Pixabay

Commvault Systems Inc (NASDAQ: CVLT)

The stocks of the data management and security firm traded at US$76.59 as of 11:20 pm ET on August 13, up 0.03 percent compared to its closing price on August 12. The stock value of Commvault surged 40.24 percent YTD.

The highest and lowest stock price of the firm for 52 weeks is US$83.41 and US$38.90. Its share volume on August 12 was 442,040.

The market capitalization of the company is US$3.509 billion. Its forward P/E one year is 61.75. The earnings per share (EPS) is US$-0.44.

The total revenue of the New Jersey-based technology company in Q1 fiscal 2022 jumped 6 percent YoY to US$83.4 million, while total recurring revenue was US$142.2 million, or 78% of total revenue.

On a GAAP basis, its income from operations (EBIT) was US$15.5 million, compared to US$6.7 million in the year-ago quarter. The operating cash flow came in at US$37.2 million.

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Bottom Line

The Federal government plans to boost the country’s cybersecurity preparedness after repeated internet threats to US companies and government agencies. President Biden is likely to meet the industry experts to discuss the cybersecurity infrastructure on August 25.

It shows the government’s seriousness in neutralizing the threat. As such, the cybersecurity firms would reap the most benefits from the government’s push to the sector.

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