Hot Cyber Security Stocks - November, 2018

Cyber Ark - Hot Security Stock

As of November, 2018 it is a boom time for cyber security companies. With more and more intellectual property stored as software on mobile devices, CRM platforms, social media profiles etc. the need for greater levels of threat detection is only going to increase.

Cyber security has evolved significantly in recent years. Where once we thought of IT security in very simplistic terms: get a firewall, purchase an antivirus engine, job done. The recent US elections served as a lesson to us all that hacking is now a serious threat, and that without appropriate defensive measures untold havoc could be brought upon us.

On the flip side, given the current climate and the growth of the technology sector there has probably never been a better opportunity to strike while the iron is hot and purchase tech stocks from some of the leading app development companies, and other technology players operating in the cyber security space.

There is certainly still some mileage in owning stock from the more traditional heavy hitters: Cisco, Checkpoint, Symantec, McAfee etc. But for the purposes of this discussion we are going to take a look at a few of the other names that are certainly hot property at the time of writing. Cyber Ark has a very exciting series of security software products designed to manage complex security permissions inside of enterprise businesses. This has long been a challenging topic for Australian software developers and security administrators. Cyber Ark has a unique approach to the problem. Its product is “best in class” and the innovative software company has solid stewardship, which is bearing fruit for investors.

Palo Alto Networks continues to be at the forefront of network security and there has never been a better time to buy Palo Alto stock. Fortinet is another strong security firm that has seemingly got everything right in recent years. These two stocks represent strong value for investors looking to take a slice of the security market. Another firm that has seen excellent growth and continuity is Verisign (the makers of Digital certificates). In an era where development of secure software is paramount and reputation is critical things certainly look very bright for the digital certificate giant.

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