Cybersecurity Stocks To Add to Your Watchlist – August 12th

Alphabet, Palo Alto Networks, and Fortinet are the three Cybersecurity stocks to watch today, according to MarketBeat’s stock screener tool. Cybersecurity stocks are shares of companies whose primary business is developing, selling, or managing products and services designed to protect networks, devices, and data from digital threats. Investors buy these equities to gain exposure to the growing demand for solutions like firewalls, encryption, intrusion detection, and incident-response services. Their performance often correlates with the frequency and sophistication of cyberattacks and broader technology spending trends. These companies had the highest dollar trading volume of any Cybersecurity stocks within the last several days.

Alphabet (GOOGL)

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

NASDAQ:GOOGL traded up $3.10 on Tuesday, hitting $204.10. 16,502,677 shares of the company’s stock were exchanged, compared to its average volume of 36,722,973. The firm has a 50-day moving average price of $181.53 and a 200-day moving average price of $172.81. Alphabet has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $2.47 trillion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 1.36 and a beta of 1.01.

Palo Alto Networks (PANW)

Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.

PANW stock traded up $7.10 during trading hours on Tuesday, reaching $175.27. The stock had a trading volume of 5,873,125 shares, compared to its average volume of 6,093,202. The stock has a 50-day simple moving average of $193.70 and a 200 day simple moving average of $186.78. The stock has a market capitalization of $116.87 billion, a PE ratio of 100.19, a price-to-earnings-growth ratio of 3.96 and a beta of 0.94. Palo Alto Networks has a fifty-two week low of $144.15 and a fifty-two week high of $210.39.

Fortinet (FTNT)

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.

Shares of NASDAQ FTNT traded up $3.95 during midday trading on Tuesday, hitting $78.52. 7,242,348 shares of the company’s stock were exchanged, compared to its average volume of 5,207,349. The company has a quick ratio of 1.24, a current ratio of 1.33 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $60.10 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.50 and a beta of 1.07. Fortinet has a 12 month low of $69.65 and a 12 month high of $114.82. The company’s 50 day moving average price is $101.20 and its 200 day moving average price is $101.49.