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8 cybersecurity companies that investors should have on their radar

Renowned cyber security companies
Image: Gorodenkoff/Adobe Stock

Cybersecurity is a must nowadays

Digitalization is rapidly transforming our lives. Technological progress is opening up opportunities for growth in daily digital business, particularly in the field of cybersecurity. So it’s no wonder that more and more innovators from the tech scene are choosing to launch IT security startups. But what cybersecurity companies have already established themselves? And what makes their business models stand out? Below, we’ve put together 8 especially attractive cybersecurity companies – including their latest stock prices (effective April 14, 2022 I source: MarketScreener):

#1 Cloudflare

Cloudflare is a U.S. cybersecurity company founded in 2010. With the mission of creating a better Internet, Cloudflare hosts millions of websites. The company also protects websites from malicious activities such as DDoS attacks.

  • Average target price: 154.00 USD
  • Price: 121.63 USD
  • Spread / average target: 26.61%

#2 Okta

Okta is an independent on-demand identity and access management service that was launched in 2009. The company, which specializes in reliably protecting digital interactions, is headquartered in San Francisco.

  • Average target price: 225.67 USD
  • Price: 150.25 USD
  • Spread / average target: 50.19%

#3 Splunk

Splunk is the world’s first data-to-everything platform. Founded in San Francisco in 2003, the cybersecurity company now has more than 5,000 employees and over 25 subsidiaries worldwide.

  • Average target price: 161.82 USD
  • Price: 140.66 USD
  • Spread / average target: 15.04%

#4 Fortinet

Founded in 2000 and based in Sunnyvale, Fortinet is a long-established name when it comes to IT security. The cybersecurity company develops and sells software, appliances, and services such as firewalls and antivirus programs.

  • Average target price: 364.46 USD
  • Price: 337.07 USD
  • Spread / average target: 8.02%

#5 Palo Alto Networks

Cybersecurity company Palo Alto Networks, founded in 2005, is a world-leading provider of cybersecurity solutions. In addition to cloud protection, it offers automated security processes with a particular focus on hybrid teams.

  • Average target price: 632.59 USD
  • Price: 629.01 USD
  • Spread / average target: 0.57%

#6 Zscaler

Zscaler is headquartered in San José, California, and was formed in 2007. The cybersecurity company is known for its zero trust solutions. Zscaler offers a wide range of services, including web security, sandboxing, SSL verification, virus protection, and insights into user activities.

  • Average target price: 632.59 USD
  • Price: 629.01 USD
  • Spread / average target: 0.57%

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#7 Akamai Technologies

Founded in 1998, Akamai Technologies offers security solutions for clouds, apps, APIs, and users. The brand’s mission is to provide solutions that combine security and performance. And it fulfills that goal: Akamai Technologies is now one of the leading companies on the global market.

  • Average target price: 131.25 USD
  • Price: 118.91 USD
  • Spread / average target: 10.38%

#8 Rapid7

Rapid7 was formed in 2007 in Boston. The company’s cybersecurity platform offers transparency, analyses, and automation. The data collected via the Rapid7 Insight cloud allows security vulnerabilities to be identified and rectified before it’s too late.

  • Average target price: 130.75 USD
  • Price: 117.14 USD
  • Spread / average target: 11.62%