Three Cybersecurity Stocks that you can buy and hold over the next decade
Cybersecurity stocks have not been spared from recent market sales, opening an attractive entry point for some of the top companies in the space. Meanwhile, cyberattacks are not gone, and are more frequent and refined. So these are the types of stocks that you can buy and hold for a long time.
Let’s take a look at three cybersecurity stocks you might want to buy now.
It is known for its next-generation firewalls, Palo Alto Network(Nasdaq: Pan) It has been transformed into something more complete Cybersecurity company.
Seeing customers get frustrated with different points-cybersecurity solutions, the company made a bold move last year when it introduced a new “platform” strategy. Under this strategy, we have stopped selling new points solutions and started integrating our customers into one of three major cybersecurity platforms.
To encourage our customers to do this, we have decided to make some of the services available for free while our customers have contracts with other cybersecurity companies for similar services. At the time, it said it amounted to providing customers with approximately six months of free product features.
The strategies so far seem to be working. Within the top 5,000 customers, 1,150 platforms ended with 1,150 platforms, most of which were on network security platforms. It also noted that customers using the two platforms have increased by 50%, tripling the number of customers using all three platforms. Its two new platforms are comprehensive threat detection and response solutions cortex and cloud security solution Prisma Cloud. The goal is to have 2,500-3,500 platform customers by fiscal year 2030.
Overall, Palo Alto’s platforming strategy is the right strategy and should help drive stocks in the long term.
Image source: Getty Images.
Cloud Strike(NASDAQ: CRWD) He is a leader in endpoint security with a Falcon platform. Endpoint Security protects network-connected devices such as smartphones, laptops, and servers from malicious attacks.
The company benefits from trends in the sector of organizations looking to integrate cybersecurity into a single platform along with one vendor. This will help customers continue to employ more modules. In fact, 67% of CrowdStrike customers deploy 5 or more modules, while 21% use 8 or more.
Customers will also be drawn to the company’s Falcon Flex Solution. The FalconFlex solution is a flexible licensing and procurement model that gives you easy access to CrowdStrike’s complete cybersecurity portfolio. Falcon Flex allows customers to quickly deploy the cloud strike solutions they need, if they need them. This allows customers to have more flexibility in ensuring they can better manage their cybersecurity spending while dealing with cybersecurity threats.
CrowdStrike has slowed revenue growth after a well-known shutdown last year, but its customer retention remains strong. Meanwhile, you should see the boost given to customers that the customer’s commitment package (which consisted of additional modules or flex dollars) gave to customers that were affected later this year.
As a leader in the space, Crowdstrike stock should be a long-term winner.
Like cloud strike, Sentinelone (nyse:s) Endpoint Cybersecurity Company. Its specificity platform uses Artificial Intelligence (AI) Machine learning that analyzes behavior and detects and eliminates threats in real time. You can also automatically roll back changes to the point before the cybersecurity attack occurs.
The company is rapidly increasing its revenue, including 29%, including the previous quarter, but remains focused on growth rather than profitability, making it hardly profitable on a adjusted EPS basis. On a forward price-to-selling (P/S) basis, the stock is very cheap for the type of revenue growth that is being generated, trading at about 5.7 times. This is half the multiple of Palo Alto and a third of the cloud strike.
Meanwhile, it is worth noting that Red Hot cybersecurity company Wiz has agreed to it being acquired by it alphabet, I bought a Sentinel loan in 2023 and tried to merge the companies. It speaks to the value Wiz saw with Sentinelone’s technology.
Meanwhile, Sentinel Loans have a great opportunity to trade with them later this year Lenovo PC (PC) vendors preinstall Sentinelone’s singularity platform on every new PC they sell, providing existing users with the ability to upgrade security to the platform. It also uses AI and EDR (Endpoint Discovery and Response) capabilities based on singularity platforms to create new managed detection and response (MDR) services.
Lenovo is the world’s largest enterprise PC vendor, selling 61.8 million PCs last year. So this is a huge potential growth driver and catalyst for companies of the size of Sentinelon.
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Suzanne Frey, an executive at Alphabet, is a member of the board of directors of Motley Fool. Jeffrey Sayler It is located in the alphabet and Sentinelon. Motley Fools introduces and recommends Alphabet and Crowdstrike. Motley Fool recommends Palo Alto Networks. To Motley’s fool Disclosure Policy.
