These are the six stocks to watch in the red-hot cybersecurity sector

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

OPINION: Global spending on information security and risk management services will top $150 billion, consulting firm Gartner estimates. Here are a few entrenched stalwarts and hungry upstarts to watch, columnist JeffReevesIP writes.

As with many areas of the economy, enterprise technology spending was hurt by the Covid-19 pandemic. According to consulting firm Gartner, worldwide IT spending declined 3.2% last year to mark a rare rollback in this category.

Here’s a look at a few entrenched stalwarts and a few hungry upstarts to watch in the cybersecurity space, and their outlook for the future in this high-growth area. Admittedly, there’s a lot to like about this stock right now. But it’s hardly alone, as you’ll see from other names on this list. In fact, analysts at Morgan Stanley recently sounded a warning about how the increasing pressures of competition could post a risk. That said, in the near-term its hard to argue with either the share price or fundamentals of this leader.

Investors need to expect volatility, as evidenced by plenty of ups and downs in share price over the past few years. That said, when things move in the right direction it can really pay off — as it has since spring, when CYBR stock nearly doubled from about $105 at their 52-week low to current levels around $200 per share.

Upstart: SailPoint Though classified here as an upstart because of its size or general name recognition with most investors, SailPoint Technologies Holdings Inc. SAIL, -1.11% has operated since 2004 and in some ways is running just a half-step behind some of the biggest cybersecurity companies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Roblox, Intuit, Farfetch, Lucid: What to Watch When the Stock Market Opens TodayWhat to watch when the stock market opens today: Intuit lifted its financial forecast, while Farfetch shares plunged premarket after it missed sales expectations
Source: WSJ - 🏆 98. / 63 Read more »

Best of both worlds: Save the planet and invest in cutting-edge technology stocks at the same timeOPINION: Pick up where the COP26 left off. Here are five chip sector stocks that look like good ESG plays, columnist mbrushstocks writes. mbrushstocks thanks mbrushstocks Why did you delete the tweet about how the average American is poor because they're spending $90/ bottle on wine? Wasn't any one buying into your capitalist propaganda? mbrushstocks Hello, friends! join do ESG revolution do ESG blockchain revolution
Source: MarketWatch - 🏆 3. / 97 Read more »