Here are the 10 top cybersecurity companies that are publicly traded, according to the latest data from Cybersecurity Ventures.
Cybercrime is a growing concern, and it’s estimated that cyber criminals will cost businesses US$10.5 trillion annually by 2025, up from US$3 trillion in 2015. The top cybersecurity companies are working to mitigate those expenses.
With that in mind, the Investing News Network (INN) is profiling the 10 top public stocks on Cybersecurity Ventures’ most recent list of 150 cybersecurity companies to watch.
Cybersecurity Ventures’ list features privately held and publicly traded companies across a range of stock exchanges, and the firm employed criteria such as problems solved, customer base, venture capital funding and company growth to evaluate companies in the cybersecurity sector.
INN’s list of top cybersecurity companies only includes publicly traded companies featured on the Cybersecurity Ventures list. These top cybersecurity companies are listed in order of market cap; all market cap figures and share prices were current as of market close on September 9, 2021.
1. CrowdStrike Holdings (NASDAQ:CRWD)
Market cap: US$60.7 billion; current share price: US$266
CrowdStrike Holdings is a software-as-a-service solutions provider. This team of cybersecurity professionals uses advanced endpoint detection and response applications and techniques to offer machine learning-powered antivirus protection to ensure breaches are stopped before they occur.
2. Fortinet (NASDAQ:FTNT)
Market cap: US$50.79 billion; current share price: US$311
Fortinet provides end-to-end cybersecurity infrastructure products and services, such as firewalls, antivirus tools, intrusion prevention and endpoint security. The company’s cybersecurity platform can address critical security challenges and protect data across digital infrastructure systems, whether in networked, application, multi-cloud or edge environments.
3. Okta (NASDAQ:OKTA)
Market cap: US$41.21 billion; current share price: US$266.45
Otka is an identity and access management company that provides cloud software solutions for managing and securing user authentication, as well as building identity controls into applications, website web services and devices.
4. Check Point Software (NASDAQ:CHKP)
Market cap: US$16.3 billion; current share price: US$122.73
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. Check Point recently acquired Avanan, a cloud email and collaboration security company.
5. Varonis Systems (NASDAQ:VRNS)
Market cap: US$7.59 billion; current share price: US$70.99
Varonis Systems designs and develops data security software solutions for customers worldwide. The company offers an enterprise data security platform that allows for the organization, management and protection of unstructured and semi-structured business data, such as documents, spreadsheets, presentations and media files. The platform combines cybersecurity and cost savings by automating repetitive manual data protection routines.
6. CyberArk Software (NASDAQ:CYBR)
Market cap: US$6.62 billion; current share price: US$166.38
CyberArk’s privileged access management solutions allow customers to: protect, manage and audit user and application credentials; provide least-privilege access; control applications on endpoints and servers; and monitor and analyze privileged activity.
7. FireEye (NASDAQ:FEYE)
Market cap: US$4.44 billion; current share price: US$18.58
The cybersecurity firm FireEye is classified for its advanced threat protection services. FireEye is in 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.
8. SailPoint Technologies (NYSE:SAIL)
Market cap: US$4.34 billion; current share price: US$46.65
Software company SailPoint Technologies provides identity security products and services to institutions and business with growing digital workforces, particularly in the banking, insurance, telecommunications and healthcare sectors. The company’s identity governance software integrates role, access request and file and compliance management solutions.
In mid-2021, the company introduced new security capabilities in the SailPoint Identity Platform, including: customized workflows that automate identity security; event-driven certifications that create reports to automatically review employee access; and automated outlier detection that identifies and prioritizes the most pressing threats across an organization.
9. IronNet (NYSE:IRNT)
Market cap: US$1.48 billion; current share price: US$17.54
Global cybersecurity company IronNet was founded in 2014 by Keith Alexander, a retired general, to improve the way organizations secure their networks from the increasing level of cyberattacks. The company developed its Collective Defense platform using behavioral analytics-based network detection and response capabilities, along with an operational model built on real-time, anonymized attack information and intelligence sharing.
Now operating at scale, the Collective Defense platform employs the expertise of a community of defenders, including former US National Security Agency cybersecurity operators with offensive and defensive cyber experience.
10. A10 Networks (NYSE:ATEN)
Market cap: US$1.06 billion; current share price: US$13.77
A10 Networks is a software and hardware solutions company that provides computer networking products and cybersecurity solutions, including DDoS protection. Its products enable service providers, cloud providers and enterprises to ensure their 5G networks and multi-cloud applications are secure.
This is an updated version of an article first published by the Investing News Network in 2016.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.