Buy Now 3 Top Cybersecurity Stocks
Some admins logged in last week discovered that their on-premises Microsoft SharePoint servers were quietly uploading web shells instead of documents. One carefully forged packet passed all the guardrails and granted the attacker full remote control before a human could enter a password.
The deployed ones are now known as the Toolshell Exploit Chain. A security researcher at a company in the Netherlands noticed an abnormal file on a client’s server and sounded an alarm.
Thousands of organizations around the world use SharePoint.
Does this prove that hackers are getting better and more dangerous? The unpleasant answer is yes. Cybersecurity only becomes more important when the internet becomes a major place to store valuable data.
Below are three cybersecurity stocks that have seen positive price action since the exploit: It also broke through BarChart’s cybersecurity stock list sorted by analyst recommendations.
Cyberark Software (CyBR) is less familiar to the name than Crowdstrike (CRWD) or Palo Alto (Panw), but Israeli companies have built a reputation based on privileged access control. Over half of Fortune 500 companies and around 35% of Global 2000 rely on Cyberark to lock down the credentials that attackers praise most.
Its solution portfolio has grown from classic privileged access managers to new software products as services, such as privileged clouds, endpoint privileged managers and secure cloud access. All of these are integrated with machine identity and, more recently, identity security platforms, including artificial intelligence agents.
First quarter revenue rose 43% to $318 million. Subscription sales increased 60% year-on-year, with annual recurring revenues surpassing the $1.2 billion mark for the first time at $1.2115 billion. 85% of that total comes from subscriptions rather than from old perpetual licenses.
Management has led its full-year revenue to around $1.3 billion, meaning growth of 31.5% without the expectation of additional large transactions.
The average price target here is $449, with a target of up to $500.
Broadcom (AVGO) is just as cybersecurity company as chip designers. They acquired the Symantec division in 2019, and completing its endpoint security has become a default option for companies running virtual machines such as VMware.