Best Cybersecurity Stocks Worth Watching - August 5th

Key Points

• Cybersecurity stocks such as Alphabet, Palo Alto Networks, and CrowdStrike are currently gaining attention due to rising cyberthreats and stricter regulatory requirements.
• Alphabet reported a market capitalization of $2.36 trillion, while Palo Alto Networks and CrowdStrike have market caps of $113.38 billion and $110.13 billion respectively.
• In recent trading, CrowdStrike shares fell $13.00, while Palo Alto Networks traded down $0.97, indicating volatility in the cybersecurity sector.

Alphabet, Palo Alto Networks, and CrowdStrike are the three Cybersecurity stocks to watch today, according to MarketBeat's stock screener tool. Cybersecurity stocks are equity shares of companies that develop and provide products and services—such as firewalls, antivirus software, encryption tools and threat‐detection platforms—to protect networks, devices and data from cyberattacks. Investors buy these stocks to gain exposure to the fast‐growing information security sector, which is driven by rising cyberthreats and increasingly stringent regulatory requirements. Examples include firms specializing in network security, endpoint protection, identity management and threat intelligence. These companies had the highest dollar trading volume of any Cybersecurity stocks within the last several days.

Alphabet (GOOGL)

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

NASDAQ GOOGL traded up $0.51 during trading on Tuesday, reaching $195.55. 13,749,508 shares of the company's stock were exchanged, compared to its average volume of 36,971,645. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 20.84, a PEG ratio of 1.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The business has a 50 day moving average price of $178.85 and a 200-day moving average price of $172.81.

Read Our Latest Research Report on GOOGL

Palo Alto Networks (PANW)

Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.

NASDAQ:PANW traded down $0.97 on Tuesday, hitting $170.04. The company had a trading volume of 3,310,794 shares, compared to its average volume of 5,922,059. The firm has a 50 day moving average of $195.73 and a two-hundred day moving average of $187.32. Palo Alto Networks has a 52 week low of $144.15 and a 52 week high of $210.39. The stock has a market capitalization of $113.38 billion, a price-to-earnings ratio of 97.07, a PEG ratio of 4.11 and a beta of 0.94.

Read Our Latest Research Report on PANW

CrowdStrike (CRWD)

CrowdStrike Holdings, Inc. provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.

Shares of NASDAQ CRWD traded down $13.00 during mid-day trading on Tuesday, reaching $441.86. 1,122,644 shares of the company's stock traded hands, compared to its average volume of 3,745,744. The stock has a market cap of $110.13 billion, a P/E ratio of -641.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The business has a 50-day simple moving average of $479.50 and a 200 day simple moving average of $423.99. CrowdStrike has a 1-year low of $221.56 and a 1-year high of $517.98.

Read Our Latest Research Report on CRWD

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