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Top Cyber Security Stocks to buy in 2019

Melisa R. H.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

Great Canadian name. Cloud based platforms for companies. Management and security of devices, apps, and data. Work from home has fueled its growth. Rare blend of growth and income. Price target of $13.49, and it's getting close. Modest dividend of 2.75%.

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

Very competitive in IT infrastructure. He follows it carefully. Bookings have increased, but conversions have slowed. He prefers other players like Infosys, EPAM, and especially Accenture.

stockchase.com stockchase.com

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

(A Top Pick Dec 10/19, Up 22%) John Chen should get CEO of the year award. They've generated cash flow all along. BB gets no respect from investors. Recently, they got a boost with the Amazon self-driving car deal. The balance sheet is good with net cash. He likes it and has added to it.…

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

It is half software and half servicing and is a much larger ETF than many of its competitors'. There is a lot of small cap with risk. This is the one to be in if you want to be in the cyber security space.

stockchase.com stockchase.com

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

Allan Tong’s Discover Picks CYBR is a low-vol ETF, averaging only 4,600 shares daily and charges an MER of 0.4% against a 0.17% dividend. It’s also trading at its 52-week high of $37. In other words, wait for a pullback to, say, the low-$30s to make this worth your while. Read Cybersecurity Stocks, Clean Energy…

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

It's an overlooked cybersecurity play, a trend that he sees enduring from last year into 2021.

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

Stockchase Research Editor: Michael O'Reilly CTXS is a cloud based subscription company that links internal business operations. A recent $2.5 billion acquisition will aid in their reach expanding further. Recent earnings beat analyst expectations and subscriptions are up over 60% on the year. It pays a small dividend that is backed by a payout ratio…

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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

(A Top Pick Aug 02/19, Down 13%) They make defence electronics and a strong performer since their last acquisition. He's holding this long term. A headwind is the market moving towards cyclical businesses instead of defence stocks. But ESLT still has strong long-term prospects.

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

They just replaced their CEO after missing several sales misses. The new CEO did a good job at WMware.

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

Stockchase Research Editor: Michael O'Reilly JNPR is a steady producer of networking, router and cloud-computing equipment. In recent earnings its revenues were up 5% and earnings of $0.43 per share beat the market by $0.12. It trades at a forward 12 PE, a current 17 PE compared to a sector average of 21. It pays…

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

Many feel that the Democrats would spend on defence, but that isn't so. Regardless of the administration there's defence spending. He likes LMT's predictability. They're best know for their airplanes, but in this space, he prefers the cheaper GD in 2018 bought CSRA which is in cyberdefence and A.I. He also prefers Raytheon, giving you…

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

Stockchase Research Editor: Michael O'Reilly NOC is a security company providing products like autonomous systems and cybersecurity and it operates in the US, Asia-Pacific and internationally. It has over $70 billion in backlog orders, which are principally with government agencies like the US Defense department. Recent earnings were up 19% with a 53% increase in…

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

Crowdstrike is in security business, endpoint protection. New module expands its total addressable market. A favourite of Gartner Research, calling it a "visionary vendor" second only to MSFT. Trading at a bit of a discount. May be able to buy in low $120s. Price target of $160.30. Don't buy and hold; you must monitor it…

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

His favourite in the industrial space is Raytheon, in aerospace and defence. RTX is undervalued and should do well.

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

Pays a 3% dividend and offers a good balance sheet. Be patient. It'll take time to turn around the ship. In fact, you can buy more now.

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 trades in the mid-30s, an historically high PE for them, but MSFT is very well-managed. The CEO has really turned the ship around from software to the cloud. Fine operations. They just invested in GM's Cruise division of self-driving cars, so this is exciting (he owns GM). He has nothing but admiration for MSFT.

stockchase.com stockchase.com
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