In 2020, security software and cybersecurity equities are expected to skyrocket. SolarWinds Corporation was the victim of a cyberattack in December 2020. CrowdStrike Holdings, Inc., Palo Alto Networks, Inc., and Cloudflare, Inc. are all gaining ground in the cybersecurity space. The security industry is expected to grow in profitability day by day. Last year, the market for home security systems in North America was valued at $7.23 billion. Canalys has put up a list of the 15 greatest security stocks to buy right now, with pre-owned shares available.
Insider Monkey looks at the 15 best security stocks to buy now. On the list of the best security stocks to purchase right now, Ping Identity Holding Corp. is ranked 15th. In the United States and globally, the company delivers intelligent identity solutions for businesses. Forbes estimates that Ping Identity Holding Corporation is worth $25 billion. Ribbon Communications Inc. is ranked 14th among the best security stocks to purchase right now on the list. Along with other goods and services, the company creates IP-based real-time communications security and related software solutions. Its stock is up 6.31 percent in the last six months and 15.35 percent for the year. On the list of the finest security stocks to purchase right now, ADT Inc. is ranked 13th. Consumers and businesses in the United States can rely on the corporation for fire detection, fire suppression, video surveillance, and other related goods and services. OSI Systems, Inc. is ranked 12th. Security, Healthcare, and Manufacturing are the company’s three segments. Its stock is up 2.92 percent in the last six months and 7.56 percent for the year. CACI International Inc. is ranked 11th. For federal customers and the intelligence community, the firm provides cybersecurity solutions and cyber assistance. In June, it was awarded an $82 million contract by the US Army. Commvault Systems, Inc. is ranked 10th. Revenue was $191.34 million, up 16.14 percent year over year and $9 million higher than expected. Fortinet, Inc. is ranked 9th. In the United States, Europe, and other parts of the world, the company offers comprehensive, integrated, and automated cybersecurity solutions. Wedbush Securities listed it as one of their top cybersecurity stock ideas in June. For more details, click 15 Best Security Stocks to Buy Now.
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