3 Cybersecurity Stock Plays Going Into 2016

Cybersecurity is on its way to a $150 billion plus industry by the year 2019 according to Forbes and many experts in the industry don’t disagree.

The Economist just published a piece in regards to cybercriminals hacking everything under the sun from crucial medical devices to cars to barbie dolls (“Their own devices” Jul 18th 2015). This is a unique opportunity for investors to get in on a industry that is just starting to heat up. Here are 5 solid cybersecurity stock picks (plus one EFT) heading into 2016.

  1. PANW – Palo Alto Networks, Inc – Current Analyst Opinion 1.8* – Based at 4401 Great America Parkway, Santa Clara, CA 95054 | 408-753-4000 – Currently trades at 175.52 –  PANW shares are up 43.20% year-to-date as of the close of trading on Friday with 30 brokers predicting a mean target of 193.20… whats not to like here?
  2. FTNT – Fortinet Inc. –  Current Analyst Opinion 2.0 – Based at 899 Kifer Road, Sunnyvale, CA 94086 | 408-235-7700 – Currently trades at 46.90 – Recently raised its revenue forecast from $935–$940 million to $1.0–$1.1 billion… FTNT shares are up 52.97% year-to-date as of the close of trading on Friday
  3. HACK – PureFunds ISE Cyber Security ETF – A SOLID EFT play for those who do not want to put all their eggs in one cybersecurity basket… HACK top holdings include: Fortinet Inc (see above), PTPT, PANW (see above), SAIC and IMPV

*Analyst Opinion is based on a scale of 1 to 5 with 1 being a STRONG BUY and 5 being a STRONG SELL

Leave a Reply