Cybersecurity Stocks to Monitor on March 30th

Today, investors are keeping an eye on five key cybersecurity stocks: Alphabet, CrowdStrike, Palo Alto Networks, Dell Technologies, and Fortinet. These stocks are particularly noteworthy according to recent trading activity and are part of an industry focused on protecting digital assets from various cyber threats. Companies in this sector typically offer solutions that include firewalls, encryption, and threat detection, making them valuable as the need for digital security increases.

Alphabet (GOOGL)

Alphabet Inc. is a major player in the tech industry, providing a wide array of products and services across various regions including North America, Europe, and Asia. It operates through segments like Google Services, Google Cloud, and Other Bets. The Google Services segment encompasses services such as Search, YouTube, Google Drive, and Gmail.

• Shares of GOOGL experienced a decline of $7.91, bringing the price to $154.33 on Friday. This stock recorded a trading volume of 48,610,349 shares, surpassing its average of 27,276,841. With a market cap of $1.88 trillion and a P/E ratio of 19.17, it remains a significant entity in the stock market, given its 52-week price range of $147.22 to $207.05.

CrowdStrike (CRWD)

CrowdStrike Holdings, Inc. specializes in cybersecurity solutions globally, offering a unified platform for the protection of endpoints and data across cloud workloads. Their services include endpoint security, threat intelligence, and AI-driven automation for security processes.

• CRWD shares dropped by $9.45 to $357.11 on Friday, with a trading volume of 3,450,999, compared to an average of 4,901,131 shares. The stock holds a market cap of $88.52 billion and has a P/E ratio of 700.23, with a 1-year price range between $200.81 and $455.59.

Palo Alto Networks (PANW)

Palo Alto Networks, Inc. operates in the cybersecurity sector, providing products aimed at firewall management and threat prevention. Their services encompass a wide range of cybersecurity measures including malware protection and data loss prevention.

• PANW stock decreased by $1.68, trading at $172.76. The trading volume for the day was 6,244,293 shares, above its usual 5,908,199. The firm has a market cap of $114.38 billion and a P/E ratio of 97.33. This stock has similarly seen highs at $208.39 and lows at $132.50 over the past year.

Dell Technologies (DELL)

Dell Technologies Inc. focuses on developing and delivering comprehensive IT solutions, products, and services on a global scale. Their operations are divided into two main segments: Infrastructure Solutions and Client Solutions.

• On Friday, DELL shares fell by $4.75, reaching $92.35, with trading of 7,217,208 shares compared to an average of 10,260,063. The stock has a market cap of $64.68 billion and a P/E ratio of 16.32, fluctuating between $86.93 and $179.70 over the past year.

Fortinet (FTNT)

Fortinet, Inc. provides security and networking solutions globally, focusing on protecting networks and data from cyber threats. Their product offerings include various firewall solutions and network security appliances.

• FTNT shares declined by $2.94, trading at $96.60 with a volume of 4,499,314 shares, compared to an average of 4,970,900. The market cap stands at $74.28 billion with a P/E ratio of 42.74. The 52-week trading range for Fortinet is between $54.57 and $114.82.

Cybersecurity, Stocks, Investing