These Are the Top 5 Cybersecurity Stocks to Buy In 2022

What are the top cybersecurity stocks to buy in 2022? This is a question investors are asking as fears over cyber-attacks heighten.

Cybersecurity stocks are getting a big boost this week as companies are on high alert of Russian hackers. The war in Ukraine is going beyond the borders. Cyber-attacks are expecting to ramp up as a form of revenge.

With this in mind, security experts warn of a new form of malware that can harm data. As sanctions unfold in Russia, companies around the world are looking for protection.

If a company gets attacked, then it could cost millions to fix. In fact, research from IBM shows 2021 was the most expensive year for digital attacks so far at $4.24 million.

Many companies are shelling out money for protection rather than sitting back and waiting for an attack. According to Gartner, “cloud security is forecast to record the highest growth at 33.8%” in 2022.

Keep reading to discover the top cybersecurity stocks to buy looking to benefit from the growth.

The Top Cybersecurity Stocks of 2022

Although cybersecurity stocks have been outperforming the market, the recent tech stock selloff hit software particularly hard. Yet after a brief dip, security is back on top.

The Global X Cybersecurity ETF (BUG) is up 14% in the past five trading days. In particular, the threat of Russian hacks is stoking a fire under the sector. To list, here are the companies leading the rally:

• Zscaler (Nasdaq: ZS)
• CrowdStrike (Nasdaq: CRWD)
• Palo Alto Networks (Nasdaq: PANW)
• Check Point Software (Nasdaq: CHKP)
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With this in mind, let’s take a closer look at why these are the top cybersecurity stocks to buy in 2022.

No. 5 Zscaler

• Market Cap: 35.6B
• Specialty: Cloud & App Security
• 1 Yr. Revenue Growth: 63%

Zscaler helps protect businesses vital data and apps from attacks. The security firm’s Zero Trust Exchange platform helps companies reduce risk while enabling fast cloud access. The platform’s four primary features include: 1) internet access, 2) private access, 3) digital experience and 4) cloud protection.

Altogether the platform processes 160 billion transactions a day in 185 countries. Not only that, but the firm is partners with over 80 industry leaders such as Microsoft (Nasdaq: MSFT) and Amazon (Nasdaq: AMZN).

Despite strong revenue growth, ZS stock fell after earnings due to weaker than expected guidance.

No. 4 CrowdStrike

• Market Cap: $46.12B
• Specialty: Endpoint & Cloud Security
• 1 Yr. Revenue Growth: 64%

CrowdStrike is another top cybersecurity stock to buy with industry-leading protection. The company’s platform, Falcon, is trusted to protect Amazon Web Services and Google Cloud.

The Falcon platform now offers 21 cloud modules that can protect anything from the cloud, to identity, and everything between.

Most important, CrowdStrike has over $1.5 billion in recurring revenue with +97% customer retention. Even more, the company is expanding with new products. At the company’s IPO in 2019, its TAM was $25B. It has now doubled to $55B and expects to double again by 2025.

No. 3 Palo Alto Networks

• Market Cap: $57.88B
• Specialty: Network & Cloud Security
• 1 Yr. Revenue Growth: 30%

Another major online security provider, Palo Alto, is well known for its wide range of products. Palo Alto mainly works with large businesses with 1,077 millionaire accounts in Q2.

Moreover, the digital security firm has a three-platform strategy. Its platforms include: Network (Stata), Cloud Security (Prisma Cloud) and Security Automation (Cortex). So far, the plan is working with solid billings (+32%) and revenue (+30%) growth.

And lastly, Palo Alto expects the momentum to continue with 24-27% revenue/billings growth in Q3.

Keep reading to discover the top two cybersecurity stocks to buy in 2022.

No. 2 Check Point Software

• Market Cap: $19.29B
• Specialty: Network & Cloud Security
• 1 Yr. Revenue Growth: 6%

Check Point knows online security better than most. Founded in 1993, the Israel-based firm is now one of the largest global cybersecurity companies.

The company continues growing on all levels with double-digit growth in both its platforms. Furthermore, Check Point has a diverse client base, with EMEA (Europe, Middle East, & Africa) making up 49% of revenue. In comparison, 40% comes from the Americas while 10% is in Asia.

Most important, the cyber security firm makes significant moves to continue growing. For instance, its most recent acquisition of Spectral will further its cloud abilities.