Stocks

3 Top Picks to Capitalize on the Cybersecurity Industry Expansion

Published December 6, 2023

The cybersecurity industry is undergoing a significant expansion as the need to secure digital assets and data becomes more pressing in the digital era. Investors are continuously looking for ways to leverage this boom, and focusing on stocks from companies that deliver robust cybersecurity solutions can be a prudent strategy. Three stocks that stand out in the cybersecurity realm include Zscaler, Inc. ZS, CrowdStrike Holdings, Inc. CRWD, and Palo Alto Networks, Inc. PANW. These companies have shown resilient business models and innovative solutions that may offer promising investment opportunities.

Zscaler, Inc. ZS

Zscaler, Inc. ( ZS ) is revolutionizing cybersecurity with its cloud-based approach. The company's platform is designed to secure user access to applications and enterprise data, regardless of location or device, emphasizing the increasing trend of remote work and mobile business operations. With its headquarters in San Jose, California, Zscaler's services are integral in building a secure digital transformation for enterprises worldwide, potentially making its stock a vital addition to an investment portfolio focused on cybersecurity.

CrowdStrike Holdings, Inc. CRWD

Another critical player in the cybersecurity sector is CrowdStrike Holdings, Inc. ( CRWD ). This company specializes in cloud-delivered endpoint and workload protection. CrowdStrike's offerings aim to proactively stop breaches while delivering comprehensive cybersecurity solutions. Operating in multiple regions, including the United States, Australia, and parts of Europe and Asia, and with its headquarters in Sunnyvale, California, CrowdStrike has a diversified and global footprint that investors may find enticing.

Palo Alto Networks, Inc. PANW

Completing the trio of cybersecurity stock picks is Palo Alto Networks, Inc. ( PANW ). Palo Alto Networks provides cutting-edge cybersecurity platforms, gaining a reputation for excellence in protecting digital infrastructures. The Santa Clara, California-based company continues to evolve, enhancing its portfolio of solutions to address modern security challenges. Its commitment to innovation and cybersecurity leadership could mark it as an essential stock for investors seeking growth in the tech sector.

ZS, CRWD, PANW