Cybersecurity Stocks To Watch Now - May 8th

Alphabet, Fortinet, 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 designed to protect networks, data, and devices from digital threats. These firms may offer solutions such as firewalls, antivirus software, encryption tools, identity and access management, and threat detection platforms. Investors buy cybersecurity stocks to gain exposure to a sector driven by rising demand for robust digital defenses. 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 $3.25 during trading hours on Thursday, hitting $154.63. 30,554,091 shares of the company were exchanged, compared to its average volume of 28,575,181. The company has a fifty day simple moving average of $159.54 and a 200 day simple moving average of $175.25. Alphabet has a one year low of $140.53 and a one year high of $207.05. The stock has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

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Fortinet (FTNT)

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.

NASDAQ:FTNT traded down $8.33 on Thursday, reaching $98.39. 8,810,439 shares of the stock traded hands, compared to its average volume of 4,949,517. The company's 50 day moving average is $98.62 and its 200-day moving average is $97.15. The company has a current ratio of 1.47, a quick ratio of 1.39 and a debt-to-equity ratio of 0.67. Fortinet has a 1-year low of $54.57 and a 1-year high of $114.82. The firm has a market capitalization of $75.24 billion, a price-to-earnings ratio of 43.63, a price-to-earnings-growth ratio of 4.19 and a beta of 1.16.

Read Our Latest Research Report on FTNT

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.

CRWD traded up $8.91 during trading on Thursday, reaching $431.43. 1,493,668 shares of the stock traded hands, compared to its average volume of 5,061,968. The stock's 50-day moving average is $374.68 and its 200 day moving average is $368.18. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $106.94 billion, a PE ratio of 846.69, a P/E/G ratio of 17.86 and a beta of 1.22.

Read Our Latest Research Report on CRWD

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