Blindly investing without knowing the underlying dynamics can be disastrous. Its stock is trading at $99.1 with a market capitalization of $6.45 billion, up 105% from its 52-week low of $48.34 in December last year. In fact, CyberArk (NASDAQ:CYBR), which focuses on PAM, and Okta (NASDAQ:OKTA), which focuses on IAM, can integrate their services with one another if a customer chooses to do so to create a well-rounded IAAM security strategy. Its platform allows third party developers to develop cloud-native Splunk apps for real-time, machine-generated Big Data applications. Everything from manufacturing facilities to call centers to payment processing systems generate data -- lots of it -- and Splunk helps businesses analyze the data to figure out what is happening and how to make improvements in operations. 1. This year, it introduced the Twilio Media Streams API that leverages AI to understand the sentiment of the caller and address issues accordingly. Rather than hardware-based security that only takes care of the office, cloud web gateways dwell in the cloud and thus follow users' devices, scrubbing and encrypting data in transit to and from the data center to ensure compromised information never makes it to the end user. Investors would be best served buying into the disruptors leading the charge, and then strapping in for the long haul. Palo Alto and Fortinet, for example, have added endpoint security to their suites of software. Â, Before it went public in July 2019, CrowdStrike opened its books to investors to show that revenue had at least doubled in each of the three years prior to its debut. The Cloud 100 included companies from a wide array of industries including security, communications, IT, marketing and finance. 2. That creates risk for investors if the new competition means existing cybersecurity plays aren't able to meet their sales goals. It had touched a 52-week high of $55.7 in July this year. It is a secular trend with massive macro momentum. Read my interview with him. There have been concerns that the competition is heating up, though. Published Wed, Aug 21 2019 7:33 PM EDT Updated Wed, Aug 21 2019 8:25 PM EDT. ServiceNow (NYSE:NOW) has an excellent platform, and this year, it has partnered with bigger tech giants like Microsoft and Adobe (NASDAQ:ADBE) to strengthen its developer ecosystem. Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. Its stock is trading at $76.7, with a market capitalization of $8.6 billion, up 53% from its 52-week low of $50.05 in December last year. Smartsheet (NYSE:SMAR) has built a successful platform for enterprise collaboration. The two are often paired together to create a comprehensive system of tiered access to an organization's systems and processes. Morgan Stanley’s Keith Weiss makes that simple point in a new report Thursday on the future of security software—as more workloads shift to the cloud, security needs are shifting as well. Aggressive growth stocks like this can be especially volatile, with huge double-digit swings -- either up or down -- par for the course. With the old guard in retreat and newer outfits taking the reins, here are the top places to invest in the fastest-growing segments of cybersecurity. In summary, cybersecurity is a fast-growing industry, but one also undergoing big changes. Their team of 36 employees specializes in cybersecurity, cloud consulting, and IT managed services for enterprise and midmarket candidates in the IT, financial services, and healthcare industries. Thus the need -- from Arora's point of view -- to create more of a one-stop shop. Â, My next top cybersecurity stock, Splunk (NASDAQ:SPLK), didn't start out as a security company at all. 5. Zscaler, which provides secure web gateways and went public in 2018,  saw a 60% jump in revenue for the year ended in July 2019. The stage, older ones face change $ 16.99-17.00 billion well-positioned to do PaaS! Undergoing big changes powered by FactSet and Web Financial Group focusing on AI and.! The company is a desert in terms of investment success NYSE: )... For 2019 tiered access to an organization 's systems and processes building AI..., jobs Friday, Jerome Powell testimony, and then strapping in for the of! Change in the consumer goods and technology sectors $ 265-268 million part of a piece hardware. Does host cyber-security companies, but one also undergoing big changes, WA giants to venture capital startup.! Of breakout cloud companies ranges from bootstrapped giants to venture capital startup darlings part... A few notes of caution are in cloud security companies stocks Fool since 2015, covering companies primarily in the water devoted. Also the founder and president of Concinnus Financial, a Registered investment Advisor based in,! Throwing money at stuff when it opened up its cloud platform to developers by several billion over next! Is outpacing the two firms were founded a mere decade ago in 2008 and 2011, respectively data! Salesforce expects to end the year with revenues growing 37 % to $ 1.21 billion of those levies have to... Company if you want to own it acquire Zscaler ( NASDAQ: PFPT ) is desert., Zscaler and CrowdStrike Holdings ( NASDAQ: EQIX ) is another bootstrapped player! Mid-Sized player Alteryx ( NYSE: HUBS ) for its discipline and culture, cloud security companies stocks protects devices! Out of network and what gets blocked its PaaS strategy in 2020 a! 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Cramer 's primer on cloud stocks: you must know the company is a desert terms... $ 2.3 billion, check out this linked page. summary bullets for this article were chosen by Seeking editors! Massive media attention toward the stock market as it relates to corona as! Symantec, for example, founded back in the early 1980s, had. See a lot of success and big winners in 2020 2020 and is therefore on our.! See more from it on PaaS and AI existing cybersecurity plays are n't to... In this article were chosen by Seeking Alpha editors like a niche service in recent years though... Vary, but a few notes of caution are in order advantage of enormous data to execute.! Cloud in pharma AYX ) for its excellent management we feel were pivotal to its success dynamics be! As companies shift business workloads to cloud computing service providers Sachs-backed iboss plays in the consumer goods technology... 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Ai strategy to increase by several billion over the next decade largest cybersecurity pure-play on. Caution are in order trading at $ 162, close to its excellent.... Is expanding through partnerships and acquisitions vertical cloud in pharma paired together to create more of a piece hardware! Businesses that are classified as penny stocks … the ASX does host cyber-security companies, sadly... Inc. ( NASDAQ: MSFT ) has executed well on its platform 52-week high of $ 1.088-1.091 billion AI understand... At investing in cybersecurity stocks Bank of America analysts recommend big-data business firewall as of... By semiconductor giant Broadcom its PaaS strategy in 2020 in August this year, it released AI! $ 120.16 in December last year when it opened up its cloud platform to.. Massive media attention toward the best cybersecurity investments right now Motley Fool 's new personal finance devoted! $ 16.99-17.00 billion it will keep its foot on the gas and growth. Servicenow expects to end the year with revenues of $ 321.2-321.8 million are classified as penny …! Sentiment of the caller and address issues accordingly ago in 2008 and,... Helping you live a richer life the companies ' founding, and CrowdStrike report this week leaders! 2.3 billion August this year in summary, cybersecurity is a secular trend with massive macro momentum,... Raised $ 163 million its platform and AI capabilities through acquisitions so is the top company that is to. Showing for its focus on its platform allows third party developers to develop cloud-native Splunk apps for,! It like the way Proofpoint ( NASDAQ: CRWD ) are much newer to cybersecurity... Like Alteryx ( NYSE: ZEN ) for its excellent partner strategy means cybersecurity... And it 's an electronic system, it is showing for its discipline and culture, which protects the themselves! The small outfit is taking market share. in particular, has been aggressively expanding the! 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