Here are the 10 top publicly traded cybersecurity companies, according to the latest data from Cybersecurity Ventures.
With cybercrime remaining a growing concern, it is estimated that cybercrimes will cost the world US$6 trillion annually by 2021, up from US$3 trillion in 2015, according to a Cybersecurity Ventures report.
In order to minimize cybercrimes, companies in the space are no doubt putting forth their best efforts in combating cyber threats. With that in mind, here the Investing News Network (INN) is profiling the 10 top public companies on Cybersecurity Ventures’ most recent Cybersecurity 500 list.
The list features companies that deal with cybersecurity, and it includes companies based on the following criteria: the problems solved, customer base, venture capital (VC) funding and company growth.
The companies below trade across a wide range of stock exchanges. INN’s list does not include any of the private companies that are listed on the Cybersecurity 500 list, so although they are listed in sequential order the numbers for each company will differ. All numbers and figures are current as of market close on July 31, 2019.
Here’s a closer look at those companies.
1. CyberArk Software (NASDAQ:CYBR)
Market cap: US$5.29 billion; current share price: US$140.77
CyberArk is a company that is classified by the Cybersecurity 500 list as part of the privileged access security sector.
The company offers features that include credential protection and management, session isolation and monitoring.
2. Cisco (NASDAQ:CSCO)
Market cap: US$242.01 billion; current share price: US$56.35
Cisco is best known for its host of security products and services to detect and stop threats.
The company’s products and solutions include cloud and email security, multi-factor authentication, firewalls and VPN clients. The San Jose company is classified under the threat protection and network security sector.
3. IBM (NYSE:IBM)
Market cap: US$132.81 billion; current share price: US$149.79
IBM’s IBM Security platform is classified in the enterprise IT security solution sector, and it creates solutions for mobile and PC, networks and information protection. IBM uses artificial intelligence (AI) and cloud platforms to detect threats and protect against them.
4. Microsoft (NASDAQ:MSFT)
Market cap: US$1.06 trillion; current share price: US$138.71
Microsoft is classified as part of the datacenter to endpoint protection sector. The company provides numerous offerings to counter cybercrime, including its prime Windows Defender product, its cloud based Azure and its Office 365 security compliance centers. Its Azure platform includes multi-factor authentication, machine learning and advanced threat detection features.
5. Amazon (Amazon Web Services) (NASDAQ:AMZN)
Market cap: US$934.34 billion; current share price: US$1,888.86
Amazon is classified as being a part of the cloud powered security solution sector. The company claims to use its security solutions to keep data safe and meet compliance requirements. Its platform features infrastructure security and DDoS mitigation.
6. FireEye (NASDAQ:FEYE)
Market cap: US$3.08 billion; current share price: US$15
The cybersecurity firm FireEye is classified for its advanced threat protection services. FireEye is among the top ranks of cybersecurity solution providers, offering numerous security solutions including endpoint security and threat intelligence, in addition to enterprise security solutions for small and large businesses with its advanced cybersecurity software.
7. Lockheed Martin (NYSE:LMT)
Market cap: US$103.39 billion; current share price: US$366.11
Lockheed Martin has interests in aerospace, defense, security and advanced technologies, and it is classified under cybersecurity solutions and services. It has forged strategic partnerships with healthcare organizations to provide its security consulting services for the protection of medical devices and to protect against data breaches and cyber threats.
8. Check Point Software (NASDAQ:CHKP)
Market cap: US$17.52 billion; current share price: US$112.77
Check Point Software is classified as part of the unified threat management sector, and it offers numerous products to protect users on mobile, networks and the cloud. It also provides users with various security management services to prevent future cyber attacks and data breaches.
9. Symantec (NASDAQ:SYMC)
Market cap: US$13.52 billion; current share price: US$21.89
Symantec has been providing security software for more than three decades. The company is involved in the endpoint security, cloud and mobile security sectors.
Like many other companies on the list, Symantec provides various solutions, including advanced threat protection and email, cloud and network security services. Symantec also runs Norton, one of the most popular antivirus software products in the world. Originating in 1991, its antivirus software prevents malware attacks across mobile apps and mobile devices as well as PCs.
10. BAE Systems (OTC Pink:BAESY)
Market cap: US$21.45 billion; current share price: US$26.79
BAE Systems is a British multinational defense, security and aerospace company. The company is classified as part of the cybersecurity risk management sector.
BAE Systems provides a host of managed services across different segments of the security industry. It deals with email security, fraud detection and prevention, AML regulatory compliance and national threat defense solutions.
The company operates through five segments: the electronic systems, the cyber and intelligence systems, intelligence and security systems, applied intelligence, and the platforms and services.
Its advanced threat detection for government agencies extends through to protecting sensitive data on mobile devices and preventing security threats on sensitive healthcare records. Through partnerships with the Ministry of Justice and the Crown Commercial Service in the UK, BAE provides its risk assessment and consulting services to curtail any impending security breaches.
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Securities Disclosure: I, Dorothy Neufeld, hold no direct investment interest in any company mentioned in this article.