4 Stocks to Buy Now – 24/7 Wall St.

It never fails. Individuals, businesses and government become complacent about the need for stringent cybersecurity protection, and then a massive breach like the one on Colonial Pipeline happens and tens of millions of people can’t buy gasoline. Jet fuel and distillates are also cut-off, and there is basically nothing to be done until the situation is remedied. As always, guess what stocks are right back in the spotlight? Cybersecurity software.

Over the years, the massive hacks at Adobe, eBay, Equifax, Microsoft Exchange Server, Yahoo and more have done huge damage. Like now, there is always a vow for more diligence. The Biden administration enacted new executive orders focusing on the government taking aggressive steps toward Zero Trust adoption. The executive order is also very firm about implementing multifactor authentication at government agencies, and many across Wall Street feel that is critical to an effective Zero Trust plan.

Zero Trust architecture is an alternative security model that addresses the fundamental flaw of traditional strategies that data only needs to be protected from outside of an organization. The Zero Trust model views data security through a new lens, enabling parameters that dictate access and restrictions internally as well.

While the hack at Colonial does not immediately mean orders will fly through the doors of the top companies, it has refocused those in leadership positions on the crucial need for data and hardware security. We screened the BofA Securities cybersecurity software research universe looking for the top stocks that are rated Buy and found four that offer big upside to current price levels and solid growth prospects going forward. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.

CrowdStrike

This cybersecurity stock has pulled back recently after a stellar run and is offering an outstanding entry point. CrowdStrike Holdings Inc. (NASDAQ: CRWD) is a leader in the endpoint protection platform (EPP) market. EPP solutions help protect enterprises’ internet-connected devices from cyberattacks, and there is a market shift from signature-based on-premises solutions to cloud-based…