3 “Strong Buy” Cybersecurity Stocks – Week of 7/2

In an increasingly interconnected world, cybersecurity has become paramount to safeguarding sensitive data and protecting against cyber threats. As businesses and individuals alike recognize the critical importance of digital security, the demand for robust cybersecurity solutions continues to grow at an unprecedented rate.

With this burgeoning market in mind, investing in cybersecurity stocks has emerged as a compelling opportunity for investors seeking long-term growth and resilience.

Here are three “Strong Buy” cybersecurity stocks from Wall Street –

CrowdStrike Holdings, Inc. – SYM: CRWD
Recent Price: $145.39
Price Target: $176.77
Firms with Buy Rating: Needham, Piper Sandler, Goldman Sachs
Description: CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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SentinelOne, Inc. – SYM: S
Recent Price: $14.99
Price Target: $17.81
Firms with Buy Rating: Morgan Stanley, J.P. Morgan, UBS
Description: SentinelOne, Inc. operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization’s endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats. The company was formerly known as Sentinel Labs, Inc. and changed its name to SentinelOne, Inc. in March 2021. SentinelOne, Inc. was incorporated in 2013 and is headquartered in Mountain View, California.

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Fortinet, Inc. – SYM: FTNT
Recent Price: $74.48
Price Target: $76.48
Firms with Buy Rating: Wells Fargo, Goldman Sachs, Morgan Stanley
Description: Fortinet, Inc. provides cybersecurity and networking solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides centralized network logging, analyzing and reporting solutions. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiAuthenticator, a zero trust access solution; FortiGate VM, a network firewall virtual appliance; FortiToken, product family for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both machine-learning anti-malware protection and remediation. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.