See some chatter picking up on this in trading floor so I started a thread to keep it all organized and not get lost in trade floor.
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Heres a list of 10 with their names and tickers.
Crowd Strike Holdings (CRWD)
Cloudflare (NET)
OKTA Inc (OKTA)
Palo Alto Networks (PANW)
Zscaler Inc (ZS)
Mimecast LTD (MIME)
Ping Identity Holding corp (PING)
Rapid 7 Inc (RPD)
Sail Point Technologies Holdings (SAIL)
Varonis Systems Inc (VRNS)
Crowd Strike Holdings (CRWD)
- CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services
Cloudflare (NET)
-Cloudflare, Inc. is an American web infrastructure and website security company that provides content delivery network and DDoS mitigation services. Its services occur between a website’s visitor and the Cloudflare customer’s hosting provider, acting as a reverse proxy for websites.
OKTA Inc (OKTA)
- Okta, Inc. is a publicly traded identity and access management company based in San Francisco. It provides cloud software that helps companies manage and secure user authentication into applications, and for developers to build identity controls into applications, website web services and devices.
Palo Alto Networks (PANW)
- Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. Its core products are a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security
Zscaler Inc (ZS)
-Zscaler is a cloud security company and a leader in zero trust, headquartered in San Jose, California.
Mimecast LTD (MIME)
- Mimecast’s services include leading-edge, patented technology for threat detection and prevention to defend against advanced threats like ransomware, impersonation fraud and spearfishing, as well as traditional threats like viruses, malware, spam and data leaks. A multipurpose archive.
Ping Identity Holding corp (PING)
- Ping Identity provides federated identity management and self-hosted identity access management (IAM) solutions to web identities and single sign-on solutions , being one of a number of organizations competing to provide standards to replace passwords for authenticating to web applications.
Rapid 7 Inc (RPD)
- Rapid 7 super charges your security impact by delivering shared visibility, analytics and automation to unite security, IT and DevOps teams.
Sail Point Technologies Holdings (SAIL)
- SailPoint Technologies Inc. is an Austin Texas tech company that provides Identity management and Governance for Unstructured Data access. Sailpoint was founded in 2005 by CEO Mark McClain, Chief Strategy Officer/President Kevin Cunningham and Jackie Gilbert.
Varonis Systems Inc (VRNS)
- Varonis Systems is a software company with headquarters in New York City with R&D offices in Herzliya, Israel. They developed a security software platform that allows organizations to track, visualize, analyze and protect unstructured data.
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I’ll add Splunk, $SPLK to this list: https://www.splunk.com/
It’s trading up today benefitting from serving in the cyber security space. They recently had a buyout offer from CSCO they turned down. Could potentially see it rising due to both of these catalysts.
I am going to do a DD on CVLT. Not exactly cybersecurity but it crosses into it periodically.
This is a great list, I’m not familiar with a few of these, gonna do some research.
I missed most of the discussion in TF, so was wondering, is the thesis that the Russia-Ukraine conflict will increase actual demand for these stocks, or that this is more of a short-term sentiment pump? I’m not sure I see either happening.
Generally speaking, companies that have not taken cybersecurity seriously in the last half decade (or more) have been knocked around not just by Russia but by China, North Korea, and a whole host of other state and non-state actors. Malicious destruction, industrial espionage, ransomware, even getting machines hijacked to become crypto miners (looking at NK here…) - it’s kinda insane out there. Any firm finally thinking of beefing up cybersecurity now is probably way too late. This is partly why late entrants to the field, like IRNT, can only come up with press releases sporting mediocre deals that don’t even solicit a yawn.
Which then leaves us with sentiment. Apparently cyber defense worked pretty well for Ukraine. They had some issues, with ATMs going offline and some online portals being unusable, but overall, they were able to keep things online and fend off attacks. No news is great news for cybersecurity professionals, but its not great for cybersecurity stocks. So I’m not sure these companies will benefit the same way that LMT does every time a pair of F-16s take off and light up FlightRadar24.
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I found a HackerNews article talking about a White House memo ordering all executive agencies to implement a zero trust security architecture by 2024. I’m not a big cybersecurity guy, but I do know that $ZS is one of the main providers of zero trust cloud access and how I connect to work applications. The software is slick and unobtrusive compared to older VPN models.
The memo was released on 1/26, so we missed the wave, but it appears ZS hit a bottom of 221 on 2/25 and immediately rebounded, up 8% today after getting an analyst upgrade. It looks like a nice stock to ride back up if it sinks with SPY on some Russia news so I wanted to point it out.
Article: The Far Reach of the White House's Zero Trust Memo - Pomerium
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