While the world sees increased political tension coming from North Korea and the Middle East, stocks are struggling. But while markets are seeing sluggish performance, defence manufacturing sees robust development in the face of escalation. Along with this industry, Cybersecurity is on the receiving end of considerable attention due to heightened demand.
As more people enter the online world, experts see that digital security demands will become a booming market. Writers such as Peter Singer state that for every user online there’s a new problem that emerges. This year has seen the cyber-crime market hit a value of $120 billion which will only increase in time. The US has seen growth of 8% in this year according to NASDAQ.
Here are some stocks to invest in to make a profit on this high demand market.
Cybersecurity Stocks to make it big
Cyberark – Value $44.13 (Up 0.06%) Market Cap $1.5bn
The Israel based company specialises in multi-layer digital security and has shown great progress this year. Early quarters boasted a 26% increase in its revenues compared to last year, with a setback from the second quarter. Despite this early quarter reversal, its focused attitude towards the market has it in a commanding and stable position.
Fortinet – Value $41.42 (Up 0.31%) Market Cap $7.2bn
With the proposed increase of $53 billion to go into defence spending according to President Trump. Online security providers such as Fortinet are set to benefit greatly due to recent examples of cyber attacks. North Korea has since made strides with its cyber-attack abilities, necessitating greater strides by private companies to be made.
Fortinet’s positioned to be well received by the US government and users as providers see an 11% rise in 2018.
FireEye – Value $13.81 (Up 1.02%) Market Cap $2.52bn
The security company boasts optimistic developments this year with $185 million in revenue reported from this year. This amount equates to a 6% increase from last year with its focus set on stability for years to come. The company has cut expenditure which is good news for long-term investors seeking a stable vessel for controlled growth.