3 Top Cybersecurity Stocks to Consider Buying Right Now
This past year has been one for the hacking record books. For example, the WannaCry ransomware infected hundreds of thousands of computers around the world and affected the National Health Service's hospitals in the United Kingdom. That was followed by the Equifax breach, which exposed the data of about 143 million people. And, most recently, Uber faces lawsuits now that it has been revealed that the company was hacked in 2016, but kept the breach secret. Criminals stole information about 57 million of its customers and drivers, and instead of notifying everyone, Uber paid a $100,000 ransom to the hackers so they would destroy the data.
These huge breaches illustrate just how vulnerable companies are to hackers, and how important cybersecurity is becoming. Research firm Markets and Markets estimates that by 2022, cybersecurity will be a $232 billion business, up from $138 billion this year.
That's why taking a close look at Palo Alto Networks (NYSE: PANW), Fortinet (NASDAQ: FTNT) and Cyberark (NASDAQ: CYBR) could prove beneficial for investors. Each is tackling cybersecurity in its own way, and all could benefit as more companies and governments recognize the need to vigorously protect their data and networks.
Source: Fool.com
Palo Alto Networks Stock
The stock is an absolute favorite of our community with 83 Buy predictions and no Sell predictions.
As a result the target price of 323 € shows a slightly positive potential of 3.69% compared to the current price of 311.5 € for Palo Alto Networks.
