On Wednesday, the largest coordinated social media cyber-security attack ever took place when 130 Twitter accounts were hijacked in a high-profile Bitcoin scam.
To be clear, Bitcoin did not get hacked – Twitter did.
The Twitter accounts of Elon Musk, Jeff Bezos, Warren Buffett, Barack Obama, and more, asked their followers to send BTC to the hackers address with a false promise they would receive double the BTC they sent back in return.
Fortunately, the hackers only made off with $121,000 worth of Bitcoin. It could have been much worse, monetarily…
But it did still forced Twitter to suspend the accounts of all its verified users for over 2 hours…
And that time is money.
In 2015, cyber-crime damages cost individuals, businesses, and governments around the world $3 trillion.
And by next year, Cybersecurity Ventures estimates that number will double to $6 trillion.
Because of that, demand is high for the top cyber-security companies around the globe.
Here are my 3 favorite cybersecurity stocks to buy now…
3.) Cyberark Software Ltd. (NASDAQ: CYBR)
CyberArk Software Ltd. provides information technology security solutions to protect data, infrastructure, and assets across the enterprise.
CyberArk’s software solutions focus on protecting privileged accounts, credentials, and secrets – which is obviously important to every individual, company, and government that uses the Internet around the globe.
Its products and services include Enterprise Password Vault, Privileged Session Manager, Privileged Threat Analytics, CyberArk Privilege Cloud.
Geographically, CyberArk generates most of its revenue from the United States. But it also has a strong presence in the United Kingdom, Europe, the Middle East, Africa, and other countries.
In total, CYBR has over 5,300 customers. That includes more than 50% of the Fortune 500 and 35% of the Global 2000.
Assuming cyber-crimes continue to rise, this company should continue increasing its client base and the stock will rise along with it.
I’m looking for 20-30% gains by the end of the year.
2.) Crowdstrike Holdings Inc. (NASDAQ: CRWD)
Founded in 2011 and headquartered in Sunnyvale, CA, CrowdStrike Holdings Inc. is a cyber-security vendor that specializes in endpoint protection, threat intelligence and hunting, attack remediation, and offers various solutions to supplement security and network operations teams.
Its cloud-based architecture collects data across all its endpoint agents, analyzes the information within its cloud platform, and updates all of its customers' security posture.
CrowdStrike sells packaged tiers of cyber-security protection and offers individual security modules via its online marketplace.
And it’s one of my favorites cyber-security companies to own right now because it has one of the most impressive client lists combined with exceptionally positive momentum in the underlying stock itself.
With customers like Verizon, Honeywell, and The Home Depot (with a combined $600 billion market cap), CrowdStrike is highly likely to continue growing revenues double- or triple-digit percentages for years to come.
Year-to-date, CRWD has outperformed the S&P 500 by 129%.
And if it continues this positive momentum, the company should easily be one of the top performing cyber-security stocks by the end of 2020.
1.) Qualys Inc. (NASDAQ: QLYS)
Founded in 1999, Qualys Inc. is a provider of cloud-based security and compliance solutions to enterprises, government entities, and small- and medium-sized businesses.
With over 10,300 customers in more than 130 countries, Qualys is a major player in the cyber-security world that most people don’t know about…
The stock only has a $4.2 billion market cap, but I think that could easily double or triple in the next few years.
The firm's solutions are delivered through the Qualys Cloud Platform and provide security intelligence by automating the life cycle of IT asset discovery, security assessment, and compliance management.
Its solutions enable customers to collect and analyze large amounts of IT security data, discover and prioritize vulnerabilities, and recommend actions.
And that’s why I love this business so much. Analyzing big data is one of the best ways to prevent future attacks.
So, buy QLYS now and enjoy its probable outperformance to come.
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BEFORE this news breaks.
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