Tuesday, November 10, 2020

Cybersecurity stocks

  • HACK  ETFMG Prime Cyber Cybersecurity ETF
  • CIBR  First Trust Nasdaq Cybersecurity ETF
  • ++BUG

(by market cap)                
Ticker       Company name Mkt Cap
  • CHKP Check Point Software Technologies 15.29B Israel-based
  • PANW    Palo Alto Networks  11.78B  California-based;  offers a network security platform
  • SPLK      Splunk   7.88B  California-based; 
  • FEYE      FireEye     6.83B   California-based; virtual machine-based security platform that provides real-time protection to enterprises and governments
  • FTNT      Fortinet    5.78B  California-based; provides network security solutions
  • PFPT  Proofpoint 3.81B; acquired by Thoma Bravo at $176.00/share or ~$12.3 bln. (April 2021)
  • CYBR     Cyberark Software 1.92B Israel-based
  • MIME Mimecast  1.43B   provider of cloud security
  • QLYS     Qualys     1.68B   California-based; a provider of cloud security and compliance solutions
  • VDSI VASCO Data Security International  923.61M ; Illinois-based
  • SCWX  SecureWorks    859.429M
+OKTA; provider of cloud-based identity management solutions
 Cloudflare (NET)
CrowdStrike (CRWD)
+++KNBE  KnowBe4; Clearwater, FL; cybersecurity monitoring 

Major players providing security features for enterprises, including firewalls, anti-malware and application control products:
  • MSFT Microsoft  354.46B ; Microsoft Corporation (NASDAQ:MSFT) acquired cybersecurity startup Aorato late last year, and partnered up with Akamai Technologies, Inc. (NASDAQ:AKAM) in mid-2014 in an effort to beef up its pool of cybersecurity R&D.
  • CSCO Cisco Systems      150.10B
  • VMW VMware           37.12B
  • JNPR Juniper Networks    9.49B
Other companies
  • Blue Coat Systems (private; Acquired by Bain Capital from Thoma Bravo for 2.4B in March 2015. Acquired by Symantec for $4.65 billion in June 2016.)
  • Barracuda Networks: email protection and next-generation firewall software. Private. (Acquired by Thoma Bravo for $1.47B in Nov 2017.)

Cybercrime is a Bigger Problem Than Most Realize

Many of the major players in the cybersecurity industry have been on a tear as the number of hacks and cyberattacks continues to grow exponentially.  An Aon report states that annual losses from cyberattacks are poised to reach $6 trillion worldwide by 2021.

The threat landscape and bad actor-nation state backdrop continues to accelerate, coupled by an aggressive move by enterprises and governments to the cloud which has multiplied the threat vectors facing CIOs [chief information officers].

This is just the tip of the iceberg as the cyber warfare battle reaches a new level of threats for governments and enterprises alike.

Some examples data theft and breaches:
  • The Colonial Pipeline ransomware attack 
  • Sept. 2019:  DoorDash and an estimated 4.9 million consumers, delivery workers, and merchants who joined the platform on or before April 5, 2018.
  • Feb 2015:  The data for some 80 million healthcare enrollees of Anthem (NYSE: ANTM) was compromised by hackers; Anthem is the second-largest health insurer in the U.S.
  • Feb 2015:  Intuit's (NASDAQ: INTU) TurboTax was shut down because of a number of “suspicious” tax return filings. It appears that hackers were using stolen identity information to claim tax refunds.
  • Jan 2015: Cyberhackers may have stolen $1 billion from 100 banks across the globe over a two-year period, according to news reports.
  • 2014 was already a landmark year in terms of cyberhacking. Home Depot (NYSE: HD), Target (NYSE: TGT) and JPMorgan Chase (NYSE: JPM) were all targeted by cyber criminals last year.
  • The hacking of Sony (NYSE: SNE) also put cybersecurity on investors' maps.
Cybersecurity Spending Is Growing Rapidly

Cybersecurity spending is estimated to have hit $71 billion last year — an 8% increase over 2013’s numbers. And spending is expected to increase at a compound annual growth rate of 10% through 2020.

Given how much personal — particularly financial — information is being stored on servers these days, those numbers should come as no surprise.

No comments:

Post a Comment