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Top Cyber Security Stocks to buy in 2019

Melisa R. H. Posted On September 26, 2019
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Cyber security issues are front and centre of discussion recently. The sector is outperforming the market year to date. Security has become a top priority for corporations and there is an expected rise in allocation to security spending to combat potential threats. There is rising concerns for possible interference in the upcoming elections and this also contributes to the bullish outlook on the cyber security sector.

Here are some publicly traded companies that are in the space:

💻 Cyber Security

Canada Stocks

Leonovus Inc (LTV-X)
A data storage company that specializes in block chain technology. They are working on a new token that can be a great opportunity.

Leonovus Inc (LTV-X) — Stockchase
Leonovus Inc (LTV-X) — Stockchase

A company that provides robust data storage, split into different locations. Great for utilities.

stockchase.com stockchase.com

Absolute Software Corp. (ABT-T)
A Canadian company that specializes in endpoint security and data risk management solutions. They have steady cash flow in a niche market.

Absolute Software Corp. (ABT-T) — Stockchase
Absolute Software Corp. (ABT-T) — Stockchase

Likes it, but follows it, doesn't own it. They specialize in the security of management devices, a competitive field. Their price action isn't good. True, good revenue growth, though the last quarter was a little lower, but the company is not profitable and these companies are not fashionable now. But at $10, using an $8.75…

stockchase.com stockchase.com

CGI Group (A) (GIB.A-T)
A global information technology consulting company out of Montreal. The charts are showing higher highs and lows. Their seasonality is Q4.

CGI Group (A) (GIB.A-T) — Stockchase
CGI Group (A) (GIB.A-T) — Stockchase

Has owned this many years. It lagged the tech sector last year, but it was a tech defensive stock and have reported good results two weeks ago with 8% organic growth. Companies are investing in digitizing their companies, so CGI will benefit. CGI does acquisitions based on a strong balance sheet, and they grow organically.…

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BlackBerry (BB-T)
The company is consolidating and growing slowly at 5 – 10% earnings growth. They are currently transitioning from hardware to software focused on security solutions.

BlackBerry (BB-T) — Stockchase
BlackBerry (BB-T) — Stockchase

It's going through a multi-year transition into software. She still can't see where their revenues focus will be and suspects they will need to make acquisitions to grow. Can't see an entry point.

stockchase.com stockchase.com

PureFunds ISE Cyber Security ETF (HACK-N)
This ETF allocates their funds in an interest way. Their top 10 holding account for only 34% of the fund. It is the best security ETF to diversify risk.

PureFunds ISE Cyber Security ETF (HACK-N) — Stockchase
PureFunds ISE Cyber Security ETF (HACK-N) — Stockchase

These are good ETFs for the cybersecurity theme. Thinks that they will be more and more important in the future. Should have some cybersecurity in your portfolio for the next decade. Good for longterm, could hold for the next 10 years. Probably the most needed area of technology.

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Evolve Cyber Security Index ETF (CYBR-T)
This ETF is also considered recession-proof since cyber security is a necessity in today’s world. With the move towards more digital payments, it will get a lift.

Evolve Cyber Security Index ETF (CYBR-T) — Stockchase
Evolve Cyber Security Index ETF (CYBR-T) — Stockchase

These are good ETFs for the cybersecurity theme. Thinks that they will be more and more important in the future. Should have some cybersecurity in your portfolio for the next decade. Good for longterm, could hold for the next 10 years. Probably the most needed area of technology.

stockchase.com stockchase.com

U.S Stocks

Akamai Technologies Inc. (AKAM-Q)
An American network and cloud service provider. It is one of the world’s largest distributed computing platform.

Akamai Technologies Inc. (AKAM-Q) — Stockchase
Akamai Technologies Inc. (AKAM-Q) — Stockchase

It's the largest cloud content delivery network. They beat the street last Tuesday, but plunged 9%. They delivered a good, but imperfect quarter. It was one of many tech stocks that reported good quarters last week, but still sold off.

stockchase.com stockchase.com

Check Point Software Tech (CHKP-Q)
A multinational provider of software and hardware products for IT security. They are in the fibre security market and is one of the larger and more global company in the space.

Check Point Software Tech (CHKP-Q) — Stockchase
Check Point Software Tech (CHKP-Q) — Stockchase

(A Top Pick Apr 06/21, Up 25%) Cybersecurity is a big secular growth area. Lots of pressure to make sure telecommunications are secure, especially as people work remotely. He'd buy it here.

stockchase.com stockchase.com

Citrix Systems (CTXS-Q)
A multinational software company that provides software as a service and cloud computing technologies. They own the Go to Meeting brand used for managing remote networking and meetings.

Citrix Systems (CTXS-Q) — Stockchase
Citrix Systems (CTXS-Q) — Stockchase

Among the biggest losers on the S&P in 2021 #7, down 27%. This software company could be put up for sale, pushed by activists. He has no idea what CTRX is worth. They used to be the king of business collaboration software. He once loved their product. Now, there are too many competitors.

stockchase.com stockchase.com

Elbit Systems (ESLT-Q)
An international defense electronics company engaged in a wide range of programs. They are also the world’s biggest producer of military drones. The company is also a big player in cyber warfare.

Elbit Systems (ESLT-Q) — Stockchase
Elbit Systems (ESLT-Q) — Stockchase

This has been a long term holding and has been consolidating. It is Israel's largest defense contractor. There is good upside to Israel's defense budget and global defense budgets. It does a lot of business in Western Europe. It is an industry leader in areas such as night vision, cyber defense, high energy weapons, unmanned…

stockchase.com stockchase.com

FireEye Inc (FEYE-Q)
An enterprise cyber security company that protects against advanced cyber threats. It is one of the imminent security as a service company.

FireEye Inc (FEYE-Q) — Stockchase
FireEye Inc (FEYE-Q) — Stockchase

Poster child when it comes to security as a service. Offer software instead of hardware, and the first to get in, so they have a lead. Instead, he owns Palo Alto and Splunk on the cybersecurity side. But it's on their shopping list, once markets settle down.

stockchase.com stockchase.com

F5 Networks (FFIV-Q)
An American-based company that specializes in application delivery networking technology for security. They monitor the internet and servers.

F5 Networks (FFIV-Q) — Stockchase
F5 Networks (FFIV-Q) — Stockchase

Interesting company. Basically they monitor Internet to servers. Came out in March with some really disastrous earnings, but since then have come out with 2 really good quarters. Business has really picked up for them. Customers have come back. Have some new products out there. Really good cash flow going now.

stockchase.com stockchase.com

Intel (INTC-Q)
One of the most prominent companies in technology and security. Their chips are used in a variety of phones and computers. The stock price has done extremely well.

Intel (INTC-Q) — Stockchase
Intel (INTC-Q) — Stockchase

It's been a dog with three weak CEOs, but the new one may be the charm. It will benefit as investors pour out of Nvidia but want to stay in the chips. It's a long-ball strategy. It pays a 3% dividend yield. He models $63.45 or 36% upside. Cheap valuation now. (Analysts’ price target is…

stockchase.com stockchase.com

Juniper Networks (JNPR-N)
A networking products company that owned Western Digital. They are in the router world that is critical to future growth of the internet.

Juniper Networks (JNPR-N) — Stockchase
Juniper Networks (JNPR-N) — Stockchase

(A Top Pick Nov 03/20, Up 59.3%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with JNPR has triggered its stop at $32. To remain disciplined, we recommend covering the position at this time.

stockchase.com stockchase.com

Lockheed Martin (LMT-N)
An American aerospace,m défense and security company with advanced technologies. It is not terribly overvalued and it’s recession-proof. They would profit from geopolitical issues.

Lockheed Martin (LMT-N) — Stockchase
Lockheed Martin (LMT-N) — Stockchase

(A Top Pick Sep 14/21, Up 23.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with LMT has triggered its stop at $425. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 21%, when considering the previous buy recommendation.

stockchase.com stockchase.com

Northrop Grumman (NOC-N)
An aerospace and defense tech company. They broke above their 200 day average and increased their dividends. They are currently buying back shares.

Northrop Grumman (NOC-N) — Stockchase
Northrop Grumman (NOC-N) — Stockchase

It rallied 25% earlier this year then consolidated. His pick of the day.

stockchase.com stockchase.com

Palo Alto Networks (PANW-N)
A network and enterprise security company. They dominate the cyber security space that is fairly valued. The company is currently transitioning from licenses to subscriptions.

Palo Alto Networks (PANW-N) — Stockchase
Palo Alto Networks (PANW-N) — Stockchase

They've been consistent, beating 21 out of the last 22 quarters. The Russian war is a catalyst as cyber attacks remain a threat. He likes the space.

stockchase.com stockchase.com

Proofpoint, Inc. (PFPT-Q)
An enterprise security company that provides software as a service and products for cyber security. They mainly protect emails and are growing internationally.

Proofpoint, Inc. (PFPT-Q) — Stockchase
Proofpoint, Inc. (PFPT-Q) — Stockchase

A cybersecurity company that protects email. He likes their international growth opportunities. They seem to be latching onto Microsoft Office's 365; the more MSFT goes into the cloud, the more customers will need email protection, which is where PFPT comes in. He sees 25% upside in the next 12 months. He's been adding to his…

stockchase.com stockchase.com

Raytheon (RTN-N)
A major U.S. defense contractor. It is a hybrid defense stock that is involved in cyber security. It currently trades at a good valuation.

Raytheon (RTX-N) — Stockchase
Raytheon (RTX-N) — Stockchase

As a short term trader, maybe, but this trade is already in the market. Global spending on defence will be going up so you could buy the dips. Start looking at it 10% lower.

stockchase.com stockchase.com

Symantec Corp (SYMC-Q)
An American software company that offers security, storage and backup software. It is an anti-virus software company that is moving to a software as a service model.

Symantec Corp (SYMC-Q) — Stockchase
Symantec Corp (SYMC-Q) — Stockchase

A great company. Anti-virus software companies are moving to software as a service model, and this business is getting more competitive. But he doesn't know Symantec's funamentals, though he likes their business model. He would dig further and if it looks positive, then buy it.

stockchase.com stockchase.com

Cisco (CSCO-Q)
A multinational tech conglomerate that develops networking hardware. It is a standalone product and are starting to adjust to cloud-based environment.

Cisco (CSCO-Q) — Stockchase
Cisco (CSCO-Q) — Stockchase

It is attractive on a valuation basis at 13/14 X earnings. It has a structural challenge since it is a general type company that covers many things. Times have changed. Pure specialty companies in cloud technology and open source technology are chipping away at one stop for everything companies like Cisco.

stockchase.com stockchase.com

Microsoft (MSFT-Q)
An American multinational tech company. They develop and manufacture computer software, personal computers and services. They are doing very well and have just bumped up dividends by 11%.

Microsoft (MSFT-Q) — Stockchase
Microsoft (MSFT-Q) — Stockchase

It has had a great run. It has good recurring revenue and doesn't rely on advertising. Its earnings multiples are in mid 20's but price replies on growth so not sure of future price. Multiples are shrinking.

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