Follow the Money in #Cybersecurity; Cyberfort Software (OTC: $CYBF), CyberArk, ( $CYBR), ETFMG Prime Cyber Security ETF ( $HACK), FireEye ( $FEYE)
Point Roberts, WA - November 15, 2018 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering defense and cybersecurity stocks releases a sector snapshot, following the money in both spending and costs, looking at recent news and developments in the sector.
According to recently released research data, "The defense cybersecurity market is expected to register a CAGR of 10.03%, during the forecast period (2018-2023)."
Juniper Research has projected that the average cost of a data breach in 2020 will exceed $150 million as more business infrastructure gets connected.
The sector is definitely one to watch according to Zacks.com, reporting just yesterday, "Amid the broad market sell-off, the cyber security industry appears well poised on higher IT spending budgets, increased cybercrimes and better-than-expected earnings for the July-September quarter. Most of the cyber security firms beat the Zacks Consensus Estimate for both earnings and revenues and offered robust guidance."
Looking at news from the space, a relatively small player for investors to watch, Cyberfort Software, Inc. (OTC: CYBF), a cybersecurity technology company targeting the global cybersecurity market just released an update this week. Targeting some of the issues and conncerns with social media the company said, "Cyberfort is launching its Facebook and Twitter accounts to interact with customers and educate them on the latest trends in security software, content filtering, and ad blocking technology. These platforms will also provide the opportunity for consumer feedback and real-time communication."
They are also looking at growth and expansion and reported they are "negotiating a purchase agreement to acquire Just Content Software, a multi-platform ad blocking and content filter app that will assist the Company in developing new solutions to tackle increasing cyber threats and attacks."
"Just Content is an efficacious and multi-functional ad blocking app currently available on iTunes (https://itunes.apple.com/app/id1031003372). The app utilizes proprietary "Home Safe Filter" and "Business Filter" products to help safeguard families and businesses from unsafe links, adult content, phishing sites and inflammatory hate speech found on the Internet."
They also said to investors, "Cyberfort is taking steps to uplist to the OTCQB® Venture Market."
For investors following the sector, there is no doubt about the growing demand - do your homework on trends and solutions for the future. A broader way to participate in the sector is with an ETF. The ETFMG Prime Cyber Security ETF (NYSEARCA: HACK) is considered as one of the best.
HACK is the first ETF on the market that focuses on cybersecurity. The index it follows splits the industry into 2 types of firms: 1) those that create cybersecurity hardware and software; 2) those that provide cybersecurity as a service. Their top ten holdings include Imperva, Inc. 4.72%,
Cisco Systems, Inc. 4.67%, FireEye, Inc. 4.61%, Symantec Corporation 4.54%, Juniper Networks, Inc. 4.18%, CyberArk Software Ltd. 4.03%, Akamai Technologies, Inc. 3.82%, Check Point Software Technologies Ltd. 3.81%, Trend Micro Incorporated 3.71% and CACI International Inc. Class A 3.70%.
One of their top ten holdings, CyberArk (NASDAQ: CYBR) just announced yesterday it was "named a Leader in "The Forrester Wave™: Privileged Identity Management, Q4 2018."1 Based on Forrester's evaluation of the 11 most significant privileged identity management vendors, CyberArk ranks highest in both the current offering and market presence categories."
Continued: According to the report, "The [CyberArk] solution has strong password safe, session management, and privileged threat analytics, as well as the broadest DevOps support of any vendor evaluated in this Forrester Wave." CyberArk received the highest possible score in report criteria including customer satisfaction; privileged threat/behavior analytics; privilege delegation and escalation; privileged session monitoring plans; and container support plans.
Continued: The CyberArk Privileged Access Security Solution is the most comprehensive solution on the market for protecting against the exploitation of privileged accounts, credentials and secrets anywhere - including on the endpoint and across on-premises, hybrid cloud and DevOps environments.
FireEye, Inc. (NASDAQ: FEYE), another top ten holding of the ETF, reporting their Third Quarter earnings at the end of October is indicative of the growth the sector is experiencing. The Company highlights included: "Accelerating innovation across products and services resulted in strong performance on key financial metrics:
- Q3 revenue of $212 million increased 7 percent from the third quarter of 2017
- Q3 billings of $219 million increased 8 percent from the third quarter of 20171
- Q3 ending annual recurring revenue of $538 million increased 10 percent compared to the end of the third quarter of 2017
- Q3 cash flow generated by operations of $22 million increased 75 percent from the third quarter of 2017"
Looking at the performance of ETF's, Zacks.com also noted, "The string of earnings beat and solid outlook has led cyber security ETFs to perform better than the other technology peers."
For other research, Investor Ideas has created a directory of defense and security stocks including cyber stocks for investors following the sector wanting to do their own due diligence. See the preview here.
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