3 Cheap Cybersecurity Stocks to Buy ASAP – 6/23

Cyberattacks are only getting worse.

And unfortunately, many government agencies, companies, schools, and millions of people still aren’t prepared for future attacks – meaning we’re all sitting ducks.

Most recently, CDK Global, a company that provides U.S. auto dealers with software for sales management, was shut down for the third day because of new attacks.

“The outage is disrupting roughly 15,000 car sellers that depend on CDK’s dealer management software to run their businesses, including vehicle sales. Some dealership employees have resorted to pen and paper to handle transactions, but said most deals had ground to a halt. CDK has not indicated when its systems will be back up and running, but suggested the outage could last several days,” says CBS News.

While that’s bad news for government agencies, companies, schools, and millions of people, it is good news for cybersecurity stock investors.

Company: Palo Alto Networks (SYM: PANW)

Look at Palo Alto Networks (SYM: PANW), for example.

Up about $8 on the latest cyberattack, it’s also being supported by a recent upgrade. 

D.A. Davidson, for example, just initiated a buy rating on the stock with a price target of $380.

“PANW has best-of-breed cybersecurity technology across Network Security / SASE, Cloud Security, & Security Operations / Endpoint Security, something no other cybersecurity vendor can say,” said the firm, as quoted by CNBC. “While there is room for greater integration within each platform & between each platform, PANW still enables greater vendor consolidation than any other pure play cybersecurity vendor in the market.”