The cybersecurity industry is a quickly expanding market, growing in response to the rapidly developing need for computer security. On that thought, a Cybersecurity Ventures Report suggests cybercrime damage costs are expected to grow to $6 trillion each year by 2021, while the global industry is projected to reach $1 trillion by 2021.
Like the report highlights, plenty of new cybersecurity companies are coming onto the scene, including mergers and agreements, as well as investments and initial public offering activities. In sum, the release states that these additions are “constantly changing the vendor and service provider landscape.”
With that in mind, here, the Investing News Network (INN) profiles the 10 top public cybersecurity companies on the most recent Cybersecurity 500 list. The companies below are publicly traded across a range of stock exchanges. Private companies from the list were not included below, therefore the list numbers do not match the Cybersecurity 500 list, but all are in consecutive order.
1. IBM Security (NYSE:IBM)
Market cap: $140.58 billion; current share price: $149.30
IBM Security retained the second spot on the Cybersecurity 500 list, and is first on this list. Under its parent company, IBM, IBM Security protects businesses using a customized enterprise security portfolio to disrupt new threats, deploy security innovations and reduce the cost and complexity of IT security.
IBM Security’s primary services include: security intelligence and analytics; identity and access management; application security; advanced fraud protection; data security and privacy; and infrastructure protection.
2. Raytheon Company (NYSE:RTN)
Market cap: $62.20 billion; current share price: $211.61
Next on the top cybersecurity companies list is Raytheon Company, who is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. Raytheon Company operates Raytheon Cyber, which provides a number of managed services, including: cybersecurity assessments, virtual security operations center, digital forensics and incident response, as well as managed detection and response. Raytheon Company also operates Forcepoint, formerly known as Raytheon Websense, is number 12 on the Cybersecurity 500 top cybersecurity companies.
3. Mimecast (NASDAQ:MIME)
Market cap: $2.04 billion; current share price: $34.61
Mimecast is ranked #5 on the Cybersecurity 500 top cybersecurity companies, but third for the purposes of this list. Mimecast is focused on email and data security and protects organizations from spear-phishing, malware, data leaks, data loss and downtime. In June 2017 it announced the launch of the Mimecast Case Review App to its Mimecast Email Archiving service. Since then the company has announced it has expanded its workforce in both New Zealand and Australia.
4. Cisco (NASDAQ:CSCO)
Market cap: $206.57 billion; current share price: $41.14
Next on the top cybersecurity companies list is Cisco, who is still ranked #7th on the Cybersecurity 500 list. Cisco has a suite of cybersecurity products and services to detect and stop threats.
More specifically, those products range from advanced malware protection; next generation firewalls; security management; cloud security; next generation prevention systems; VPN security clients; email security; policy and access; web security; network visibility and enforcement; and router security, to name a few.
5. Sophos (LON:SOPH)
Market cap: GPB $2.00 billion; current share price: GPB$428.30
Headquartered in Oxford, UK, Sophos climbed to eighth position from its formerly ranked 10th on the Cybersecurity 500. The company offers complete security solutions using encryption and endpoint security. 2017, The company announced its partnership with Konica Kinolta in June 2017 to integrate Sophos XG Firewall and Sophos Wireless into Workplace Hub. In March of 2018, the company announced Synchronized App Control, a feature of its XG Firewall product.
6. Lockheed Martin (NYSE:LMT)
Market cap: $96.36 billion; current share price: $332.21
Ranked 10th on the Cybersecurity 500 list is Lockheed Martin. Lockheed is a security and aerospace company with headquarters in Bethesda, Maryland. The company is engaged in research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
Lockheed announced in March of 2018 that it had a successful launch of two of its Trident II D5 Life Extension missiles, resulting in the certification of a submarine for patrol.
7. BAE Systems (OTCMKTS:BAESY)
Market cap: $26.12 billion; current share price: $32.77.30
Next on the list of top cybersecurity companies is BAE Systems, a global defense, aerospace and security company. BAE provides advanced technology defence, and security solutions to governments as well as commercial markets.
More specifically, BAE Systems operates through five segments: the electronic systems; the cyber and intelligence systems; intelligence and security systems; applied intelligence; and the platforms and services.
8. CyberArk Software (NASDAQ:CYBR)
Market cap: $1.79 billion; current share price: $49.92
While CyberArk Software is 15th on the Cybersecurity 500 list, for the purposes of this top cybersecurity companies list, CyberArk ranks 8th. Headquartered in Israel and Massachusetts, the company’s unique focus is on threats using insider privileges to attack the enterprise.
Much like the companies listed above, CyberArk Software has a range of products and services, including: CyberArk-Conjur; shared technology platform; enterprise password vault; SSH key manager; privileged session manager; privileged threat analytics; application identity manager; on-demand privileges manager; endpoint privilege manager.
9. Rapid7 (NASDAQ:RPD)
Market cap: $1.18 billion; current share price: $24.93
Ranked 17th on the Cybersecurity 500 list, Rapid7 provides analytics for security and information technology (IT) operations that allow companies to implement analytics-driven approaches to cybersecurity and IT operations.
Rapid7’s products include: InsightVM; InsightIDR; AppSpider; Metasploit; and InsightOps.
In March 2018, Rapid7 was recognized in a vulnerability risk management report as a leader in the space by Forrester Research, an independent research firm.
10. Palo Alto Networks (NYSE:PANW)
Market cap: $16.97 billion; current share price: $183.39
Closing out the 10 top cybersecurity companies list is Palo Alto Networks, who comes in 18th on the Cybersecurity 500 list.
Palo Alto Networks’ security platform operates through three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. The company’s Next Generation Security Platform was built for breach prevention with threat information shared across a range of security functions that can operate over mobile networks.
Which cybersecurity company would you invest in?
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This is an update to an article originally published in 2017.
Securities Disclosure: I, Amanda Kay, hold no direct investment interest in any company mentioned in this article.