Tag Archive for: buy

4 Cybersecurity Stocks to Buy After Another Massive Ransomware Hack – 24/7 Wall St.

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Here we go again. Just like the Colonial Pipeline and beef supplier JBS, hackers have once again brought an alarming number of businesses to their knees. As many as 1,500 organizations were compromised by ransomware following an incident in the United States at information technology firm Kaseya, which remotely controls programs for companies that manage internet services for businesses.

Officials think that the breach may be affiliated with the Russian-linked REvil ransomware gang and is one of the largest criminal ransomware hacks in history. In Sweden, as many as 800 stores of the supermarket chain Coop couldn’t open on Saturday after the attack knocked their cash registers offline.

Once again investors are reminded that cybersecurity software is crucial for business and government, and it is a pretty safe bet that those in decision-making positions will continue to demand security that is impenetrable. With the most recent hack, the criminals are demanding $70 million to restore the stolen data. After both Colonial and JBS paid up, it’s a good bet that others will have to as well.

We screened our 24/7 Wall St research database looking for the top cybersecurity software companies and found four that make sense for more aggressive growth investors seeking a stake in this dynamic silo of technology. It is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.

Cloudflare

This off-the-radar cybersecurity pick has big potential upside in a red-hot industry, and it could be a potential takeover target. Cloudflare Inc. (NYSE: NET) provides an integrated cloud-based security solution to secure a range of combinations of platforms, including public cloud, private cloud, on premise, software-as-a-service applications, and Internet of Things (IoT) devices.

Cloudflare’s security products include Cloud Firewall, Bot Management, Distributed Denial of Service, Infrastructure Protection, IoT, SSL/TLS, Secure Origin Connection and Rate Limiting. The company also offers performance solutions, which include Content Delivery, Intelligent Routing, and Mobile Software Development Kit, as well as Content, Mobile, and Image…

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4 Stocks to Buy Now – 24/7 Wall St.

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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…

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Cybersecurity Stocks To Buy And Watch

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You may think the time is right to move into cybersecurity stocks, if you’re reading this IBD investing primer.




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Among new developments: consolidation may be coming in the cybersecurity industry. Okta (OKTA) in early March acquired privately held Auth0 in a $6.5 billion, all-stock deal. Also, Okta is expanding into new security markets vs. CyberArk Software (CYBR) and SailPoint Technologies (SAIL).

CrowdStrike Holdings (CRWD) in February bought cloud-based Humio for roughly $400 million. CrowdStrike expects upside from a cloud computing partnership with Amazon.

Also, Microsoft (MSFT) disclosed that its cybersecurity revenues top $10 billion annually.  With 400,000 customers, Microsoft’s computer security franchise is growing at more than 40%, the company said. Microsoft could pressure more industry incumbents as it expands cloud-based security services.

Palo Alto Networks (PANW), meanwhile, told analysts it’s exploring a new “equity structure.” One option, analysts say, would be creating a tracking stock to unlock the value of the company’s cloud business. Provisionally called ClaiSec, Palo Alto’s cloud unit has new products using artificial intelligence. A decision may not come for six months.

Cybersecurity Stocks: Covid Pandemic Speeds Shift To Cloud Services

The big picture: the coronavirus outbreak and shift to remote work accelerated a shift to cybersecurity services delivered via cloud computing infrastructure. CrowdStrike and Zscaler (ZS) were among cloud-based security firms to get a boost.

Zscaler’s fourth-quarter earnings, revenue and billings topped expectations. Even if economies normalize in 2021, analysts expect corporate spending on cloud-based security to remain a priority.

Cybersecurity stocks rallied in mid-December amid reports that Russian hackers accessed U.S. government computer networks via network management software provided by SolarWinds (SWI). Government agencies and companies exposed to the “Sunburst” cyberattack continue to assess damage.

The rally in cybersecurity stocks has eased. The big questions: how much of a spending boost on network monitoring/threat detection will result from the SolarWinds breach and what cybersecurity stocks…

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Buy (or upgrade) Parallels Desktop 16 for Mac and get 10 Mac apps for free worth over $700!

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Buy or upgrade to Parallels Desktop 16 for Mac before February 28, 2020 and get a bundle of ten Mac apps — worth over $700 — for free.

Regular readers will know that I’m a huge fan of Parallels Desktop for Mac. It’s the best way to run Windows 10 on a Mac, and not only that, I believe it turns a Mac into the best Windows 10 machine you can buy.

But this bundle takes this one app, and supercharges it with a package of other superb performance, productivity, security, and creativity apps.

Check this out: Extreme weather forecast? Essential gear for when the power goes out

Parallels Desktop 16 for Mac bundle

So, what do you get as part of this bundle?

  • Parallels Desktop for Mac: Run Windows, Linus, and other operating system on your Mac
  • Fantastical: Calendar and task app (one-year subscription)
  • 1Password Families: Password manager (one-year subscription)
  • MindManager for Mac 13: Map your projects of ideas (one-year subscription)
  • Octopus.do Pro: Web dev and content planning tool (one-year subscription)
  • Intego Mac Internet Security X9: Antivirus and firewall for your Mac (one-year subscription)
  • Gravit Designer PRO: Graphic design app (one-year subscription)
  • Acronis True Image 2021 Premium: Backup and disk management tool (one-year subscription which includes 1TB of Acronis Cloud Storage)
  • Pocket Premium: Save articles, videos and stories from any publication, page or app in one place (one-year subscription)
  • Parallels Toolbox for macOS or Windows: A suite of over 30 tools and utilities to help you get more done on your Mac (one-year subscription)
  • Parallels Access for iOS or Android: Access your Mac when on the move (one-year subscription)

A new license costs $64.99, while an upgrade is $49.99. But be quick, the offer ends February 28, 2020 (11:59 p.m. PST).

View Now at Parallels

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