2 Cybersecurity Stocks To Buy For 2021: Check Point Software And CrowdStrike Holdings

: crwd | CrowdStrike Holdings, Inc. -  News, Ratings, and Charts

Business enterprises have accelerated their digital transformation programs and changed IT priorities in response to the COVID-19 pandemic, which has increased their cyber risk exposure by virtue of the heightened cyber usage it has compelled. According to a survey conducted by Check Point Software Technologies Ltd., 71% of security professionals have reported an increase in security threats or attacks since the beginning of the coronavirus outbreak.

The increasingly complex threat environment has necessitated the institution of multi-layered risk-mitigation strategies by organizations to secure cloud workloads and endpoints. This has significantly benefitted cybersecurity stocks. This is evident in the Global X Cybersecurity ETF’s (BUG) 59.2% returns over the past year. Moreover, because the U.S.  is currently dealing with one of the worst cyber-attacks in its history, the demand for proper cybersecurity has hit record highs, with people and businesses taking extra precautions.

With corporate networks now spanning offices and homes, we expect companies like CrowdStrike Holdings, Inc. (CRWD - Get Rating) and Check Point Software Technologies Ltd. (CHKP - Get Rating)  to deliver promising returns this year.

CrowdStrike Holdings, Inc. (CRWD - Get Rating)

CRWD is a global cybersecurity leader in redefining security for the cloud era with an endpoint and workload protection platform built to stop breaches. CRWD’s Falcon platform leverages cloud-scale artificial intelligence (AI) and offers real-time protection and visibility across the enterprise, preventing attacks on endpoints on or off the network.

CRWD became a launch partner for AWS Network Firewall in November to deploy essential network protections and further deepens the technical collaboration with AWS. This integration will allow organizations to implement a modern enterprise security approach where network-layer protection works in conjunction with cloud workload protection controls to defend against sophisticated threat activity.

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William K. 1 month ago Member's comment

Given he current and growing need for effective cyber security, those companies that have good products will certainly be a good investment, UNLESS their management makes a string of bad choices, or they get attacked by microsopht.