An Introduction

With cyber crime damage reported to possibly reach $10.29 trillion by next year sophisticated cyber security is crucial to protect networks, systems and other digital infrastructure from malicious cyber attacks. On the other hand, however, it is estimated that cyber security spending was only $188B in 2023 and, with research forecasting that corporate spending on cybersecurity should grow at a CAGR of 13.8% between now and 2030 (source), it suggests that many cybersecurity software and hardware companies should be excellent long-term buys.

The Pure-Play CyberSecurity Software Stocks Portfolio

eSecutityPlanet.com provides a list of cyber security companies (see here) of which the 5 largest of those companies (i.e. +$20B in market capitalization) are monitored in our Pure-Play CyberSecurity Software Stocks Portfolio. Below are how the 5 constituents performed in August, in descending order, along with their market capitalizations, and the most recent news, analyses and commentary on some of them.

1. Fortinet (FTNT): UP 31.7% in August
   • Market Capitalization: $59B
   • News, Analyses, and Commentary:
     • All You Need to Know About Fortinet Rating Upgrade to Buy
     • Is There Now An Opportunity In Fortinet?
2. CrowdStrike Holdings (CRWD): UP 19.5% in August
   • Market Capitalization: $68.0B
   • News, Analyses, and Commentary:
     • Why CrowdStrike Stock Has Moved Higher
     • CrowdStrike rose on earnings, but don’t expect smooth sailing yet
3. Palo Alto Networks (PANW): UP 11.7% in August 
   • Market Capitalization: $115B
   • News, Analyses, and Commentary:
     • PANW Stock Among Best to Own in September
     • Palo Alto Upgraded to Buy: Here’s Why
4. Zscaler (ZS): UP 11.5% in August
   • Market Capitalization: $29B
   • News, Analyses, and Commentary:
     • Should You Buy, Sell or Hold Zscaler Stock Before Q4 Earnings?
5. Check Point Software Technologies (CHKP): UP 4.9% in August
   • Market Capitalization: $21B
   • News, Analyses, and Commentary:
     • Check Point Software Technologies is One Of the 3 Best Cybersecurity Stocks to Buy in August
     •  

Summary

On average, the above 5 pure-play cybersecurity software stocks (with an average market capitalization of $58B.) went UP 14.6% in August.

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:

Largest Cannabis Stocks Are Down +10% In Last Two Days: Here's Why
Our AI-Focused Drug Discovery Stocks Portfolio Was Up Almost 7% Last Week
Our American Cannabis MSO Portfolio Was Down 6% Last Week