Cybersecurity Stocks To Consider - August 14th

Key Points

• Cybersecurity Industry Growth: The article highlights Alphabet, Palo Alto Networks, and CrowdStrike as top cybersecurity stocks, driven by increasing cybercrime, data-privacy regulations, and the shift to cloud technologies.
• Stock Performance: Alphabet's shares recently traded up to $203.74, while Palo Alto Networks and CrowdStrike experienced declines to $174.43 and $420.82, respectively, during their latest trading sessions.
• Market Capitalization: Alphabet has a market cap of $2.46 trillion, Palo Alto Networks is valued at $116.31 billion, and CrowdStrike stands at $104.89 billion, indicating robust valuations across these key players 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 shares of publicly traded companies that develop and sell products and services—such as antivirus software, network firewalls, cloud security and identity management—designed to protect digital systems, networks and data from cyber threats. Investors buy these equities to gain exposure to the rapidly growing cybersecurity industry fueled by rising cybercrime, data-privacy regulations and the ongoing shift to cloud and remote work environments. 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.

Shares of NASDAQ:GOOGL traded up $1.78 on Thursday, hitting $203.74. 11,157,124 shares of the company's stock were exchanged, compared to its average volume of 36,590,934. The company has a market capitalization of $2.46 trillion, a PE ratio of 21.74, a P/E/G ratio of 1.37 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet has a 1-year low of $140.53 and a 1-year high of $207.05. The firm's 50-day moving average is $182.95 and its 200 day moving average is $173.22.

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.

Shares of NASDAQ PANW traded down $2.43 during trading hours on Thursday, reaching $174.43. The stock had a trading volume of 3,381,660 shares, compared to its average volume of 6,150,583. The firm has a market cap of $116.31 billion, a price-to-earnings ratio of 99.81, a PEG ratio of 4.16 and a beta of 0.94. Palo Alto Networks has a fifty-two week low of $144.15 and a fifty-two week high of $210.39. The firm has a 50-day moving average of $192.92 and a 200-day moving average of $186.63.

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 $11.30 during trading hours on Thursday, reaching $420.82. The stock had a trading volume of 1,312,751 shares, compared to its average volume of 3,718,103. The firm has a market cap of $104.89 billion, a price-to-earnings ratio of -610.66 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a fifty-two week low of $242.25 and a fifty-two week high of $517.98. The firm has a 50-day moving average of $474.36 and a 200-day moving average of $426.30.

Read Our Latest Research Report on CRWD

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