Promising Cybersecurity Stocks To Follow Now – July 4th
As we celebrate Independence Day, investors are looking for promising cybersecurity stocks to fuel their portfolios. According to MarketBeat's stock screener tool, Alphabet (GOOGL), CrowdStrike Holdings, Inc. (CRWD), and Palo Alto Networks, Inc. (PANW) are the top picks to watch in this sector.
Alphabet (GOOGL)
Google is a leader in cybersecurity, offering various products and platforms across the globe. Its Google Services segment provides essential services such as ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
Shares of NASDAQ GOOGL traded up $0.44 during midday trading on Friday, reaching $179.08. The company's stock had a trading volume of 21,689,729 shares, compared to its average volume of 31,547,766.
Key Metrics:
- Market Cap: $2.17 trillion
- P/E Ratio: 19.96
- P/E Growth Ratio: 1.26
- Beta: 1.00
- 50-Day Moving Average Price: $168.36
- 200-Day Moving Average Price: $174.08
- Current Ratio: 1.77
- Quick Ratio: 1.77
- Debt-to-Equity Ratio: 0.03
CrowdStrike Holdings, Inc. (CRWD)
CrowdStrike is a leading cybersecurity solutions provider that offers unified platform protection for endpoints, cloud workloads, identity, and data.
Shares of CRWD traded up $17.67 during trading hours on Friday, hitting $513.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85, and a quick ratio of 1.85.
Key Metrics:
- Market Cap: $128.06 billion
- PE Ratio: -744.59
- Beta: 1.16
- 50-Day Simple Moving Average: $461.68
- 200-Day Simple Moving Average: $404.93
- Dest-to-Equity Ratio: 0.21
- Quick Ratio: 1.85
Palo Alto Networks, Inc. (PANW)
Palo Alto Networks is a global cybersecurity leader that offers firewall appliances and software, as well as the Panorama security management solution.
Shares of PANW traded up $4.53 during midday trading on Friday, hitting $201.50. The stock had a trading volume of 2,561,725 shares, compared to its average volume of 5,398,532.
Key Metrics:
- Market Cap: $134.36 billion
- P/E Ratio: 115.14
- P/E Growth Ratio: 5.50
- Beta: 0.97
- 52-Week Low: $142.01
- 52-Week High: $208.39
- 50-Day Simple Moving Average: $193.35
- 200-Day Simple Moving Average: $185.44
These cybersecurity stocks are promising investments for those looking to tap into the growing global demand for robust digital defenses. With their strong financial performance and innovative solutions, they are well-positioned for future success.