Key revenue is generated from the Americas, with the rest coming from Europe, the Middle East and Africa, plus the Asia Pacific region. CyCraft is a cybersecurity company founded in 2017, focusing on autonomous AI technology. Headquartered in Taiwan, it has subsidiaries in Japan and Singapore. CyCraft provides professional cybersecurity services to government agencies, police and defense forces, banks, and high-tech manufacturers throughout the Asia-Pacific region.
Cybersecurity Trends
CyCraft is renowned for its innovative approach to defend cybersecurity, leveraging artificial intelligence and machine learning on a comprehensive platform, XCockpit, to manage attack surfaces. XCockpit effectively addresses internal and external threats through AI-driven privileged accounts management, as well as endpoint threat detection, response, and prevention. Another cloud-native security vendor, Zscaler (ZS 3.31%), works in tandem with endpoint security services to help keep data secure.
- With the prevalence of passive investing today, these stocks would have been collateral damage as investors exited their broad-index positions and threw the proverbial baby out with the bathwater.
- Additionally, earnings per share rose 18% to $5.13 per share, with new contract awards of $3.5 billion.
- CrowdStrike Holdings’ (CRWD) cybersecurity platform is called Falcon.
- In Q1, First Trust advisors purchased 18.7 million shares, while Canada Life Assurance acquired 3.46 million shares.
Comparative Price Performance Over Time
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First Trust Nasdaq Cybersecurity ETF (CIBR)
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“It provides businesses with the tools they need to stay ahead of cybercriminals and protect their valuable assets.” Moreover, on July 15, investment bank Baird offered very enthusiastic praise for SentinelOne. Now, the cybersecurity sector is competitive, with many startups popping out in the market. The industry is also shifting into a platformization approach due to oversaturation.
We’ll learn more in the company’s earnings report at the end of the month, but the current price seems to offer a good buying opportunity for long-term investors. While there is certainly still risk to CrowdStrike in its reputation, further legal action, and a loss of business, it seems like the cybersecurity specialist can overcome the outage, assuming this is just a one-time incident. Despite a 44% decline in the stock’s price over the past month, primarily due to the outage, CRWD shares have risen 37% in the past year, outpacing many peers and the broader market.
The premium-priced stock was hit hard in 2022, but CrowdStrike’s sales have been booming nonetheless, and the AI-driven stock soared 143% in 2023. In an increasingly mobile world with more devices continually coming online, CrowdStrike is poised to continue growing at a brisk rate. However, cybersecurity bounced back in 2023, and the industry remains a top investment theme for 2024 and the decade ahead. Both sales and earnings are critical factors in the success of a company. Companies with quarterly EPS or revenue growth of over 1,000% were excluded as outliers.
Moreover, this figure is projected to grow with damages dismantling companies’ IT infrastructure. The cybersecurity sector is poised for tremendous growth over the next decade. With cybercrimes continuing to rise at a record pace, cybersecurity stocks represent a compelling long-term investment opportunity. Analysts expect Tenable’s revenue and adjusted earnings to rise 16% and 84%, Cyber security stocks respectively, this year. Its stock isn’t a bargain at 58 times forward earnings, but its ongoing expansion of Tenable One — which bundles a lot of its services into a single subscription-based platform — could fuel its growth over the next 10 years. Many cybersecurity platforms shield companies from external threats, but internal threats can also lead to disastrous data breaches.
As you can imagine, CrowdStrike’s stock took a nosedive, plunging 11% initially as investors reacted to the news. Also boding well for BlackBerry stock, institutional investors bought 47.1 million shares of BB stock in Q1, while they only unloaded 15.3 million shares. In Q1, First Trust advisors purchased 18.7 million shares, while Canada Life Assurance acquired 3.46 million shares.
Top holdings include Zscaler, Palo Alto Networks, CrowdStrike, Fortinet and Check Point Software. Year to date total return was 18.0% and the yield is 0.33%, with a net expense ratio of 0.60%. Top holdings include Palo Alto Networks, Fortinet, Broadcom, Infosys and Cisco Systems.
Qualys is a cybersecurity company specializing in cloud security and compliance-related solutions. The company’s flagship TruRisk platform is one of the market’s leading vulnerability management software solutions. Its capabilities are extremely diverse, with a proven ability to meet the needs of small, midsize and enterprise customers. The company’s ability to cover all bases makes adopting its solutions seamless. In its latest quarterly results, revenue increased 7% from a year ago to $627 million.
Dan Schmidt is a finance writer passionate about helping readers understand how assets and markets work. His work has been published by Vanguard, Capital One, PenFed Credit Union, MarketBeat, and Fora Financial. Dan lives in Bucks County, PA with his wife and enjoys summers at Citizens Bank Park cheering on the Phillies. Day traders who use sophisticated https://investmentsanalysis.info/ techniques might prefer direct access brokers that charge commissions per share. If you need pricing down the penny, you’ll want control over your order trajectory — that requires direct access, not a broker with a trading desk. The first denial-of-service (DoS) attack happened in 1988, from a code written by MIT graduate student Robert Morris.