Our Cybersecurity Software Portfolio Was -9.6% Week-Ending Sept. 6th
Introduction
Tech stocks began to plummeted last Tuesday, Sept. 3rd, after the ISM manufacturing index reported August figures that came in below consensus expectations. That raised fears about the strength of the economy and increased the chances that the Federal Reserve will cut interest rates.
The Pure-Play CyberSecurity Software Stocks Portfolio
The 5 largest pure-play cyber security software stocks (i.e. +$20B in market capitalization) are highlighted below as to how they performed last week, in descending order, in August, and YTD, along with their market capitalizations, and the most recent news, analyses and commentary on some of them.
- Fortinet (FTNT): DOWN 2.0% last week; UP 31.7% in August; UP 28.4% YTD
- Market Capitalization: $57.5B
- Most Recent News, Analyses, and Commentary:
- Check Point Software Technologies (CHKP): DOWN 2.1% last week; UP 4.9% in August; UP 23.3% YTD
- Market Capitalization: $21.3B
- Most Recent News, Analyses, and Commentary:
- Palo Alto Networks (PANW): DOWN 7.4% last week; UP 11.7% in August; UP 13.8% YTD
- Market Capitalization: $109.3B
- Most Recent News, Analyses, and Commentary:
- CrowdStrike Holdings (CRWD): UP 2.1% last week; UP 19.5% in August; DOWN 3.5% YTD
- Market Capitalization: $60.4BMost
- Recent News, Analyses, and Commentary:
- Zscaler (ZS): DOWN 21.6% last week; UP 11.5% in August; DOWN 29.2% YTD
- Market Capitalization: $23.7B
- Most Recent News, Analyses, and Commentary:
Summary
On average, the above 5 pure-play cybersecurity software stocks went DOWN 9.6% last week, UP 14.6% in August, and are UP 5.1% YTD. The constituents have an average market capitalization of $54.4B.
Cybersecurity ETF
Investing in a basket of cyber security stocks is a quick and easy way to get investment portfolio exposure to this critical segment of the tech sector. The Global X Cybersecurity ETF (BUG), for example, consists of 31 stocks and has an expense ratio of 0.51%.
More By This Author:
Our 6-Part Computer Chips Portfolio Was Down 2% In August
These AI-Related Stocks Were Down +10% Week Ending September 6
Our Micro/Small Cap AI Stocks Portfolio Went Down 5% In August
Disclosure: None
This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...
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