As we head into Q3, here’s a look back at the three top-performing cybersecurity stocks on the NASDAQ year-to-date.
With ransomware expected to cost the world US$8 billion in 2018 and US$11.5 billion by 2019, investments in the cybersecurity space is expected to reach new heights as we move into the latter half of 2018.
Case in point according to Statista, the global cybersecurity market worldwide will reach US$231.94 billion by 2022, up from US$137.85 billion by 2017.
As we head into Q3, the Investing News Network (INN) takes a look back at the five top NASDAQ cybersecurity stocks year-to-date. The companies below all have market caps of less than US$500 million and are listed by percentage increases. All numbers and figures are current as of market close on July 11, 2018.
1. Finjan Holdings (NASDAQ:FNJN)
Market cap: US$114.81 million; year-to-date percentage gain: 100.46 percent; current share price: US$4.32
First on our top NASDAQ cybersecurity stocks list year-to-date is a company that was established more than 20 years ago, Finjan Holdings. This cybersecurity company has a strong portfolio of patents focusing on software and hardware technologies capable of proactively detecting unknown and emerging threats on a real-time, behavior-based basis.
One of the major news from Finjan last quarter was the company’s patent infringement lawsuit against Check Point Software Technologies (NASDAQ:CHKP). The company in a press release said that the lawsuit was filed after unsuccessful attempts to engage in licensing discussions with Check Point. Finjan’s lawsuit is against numerous products of Check Point including the company’s Next Generation Firewalls, Endpoint protections products and more.
Prior to that, in April Finjan entered into a patent license agreement with Carbon Black. Further, the company reported its first quarter 2018 results where it reported a 160 percent year-over-year revenue of US$65 million.
2. KeyW Holding (NASDAQ:KEYW)
Market cap: US$467.06 million; year-to-date percentage gain: 55.71 percent; current share price: US$9.14
The company that provides engineering and technology solutions to support the intelligence, cyber and counterterrorism communities is second on our top NASDAQ cybersecurity stocks year-to-date list. Founded in 2008, KeyW supports the collection, processing, analysis and dissemination of information across the full spectrum of its missions.
In June, the company won the prime award for Defense Information Systems Agency (DISA) US$7.5 billion Systems Engineering, Technology and Innovation (SETI) contract where KeyW competed with 35 other companies.
KeyW in May announced its first quarter results where it reported revenue of US$125.7 million, an increase of 84 percent compared to the company’s prior year quarter.
3. Zix (NASDAQ:ZIXI)
Market cap: US$286.41 million; year-to-date percentage gain: 22.83 percent; current share price: US$5.38
Pioneers of email encryption, Zix offers solutions in prevention of email data loss and bring-your own-device security. Some of Zix products include ZixEncrypt, ZixProtect, ZixMail and ZixArchive.
At the beginning of the quarter, the company announced that it will acquire Seattle-based Erado to expand its unified archiving, eDiscovery and compliance solutions. Erado has 18,000 customers across the financial services vertical. Shortly after that announcement,, the company strengthened its managed service providers program as it integrated additional offerings to administer email threat protection and email archiving.
In May, the company released its first quarter results and it reported a revenue increase of five percent to US$16.7 million. Further, Zix said that its annual contract value increased seven percent to US$68.4 million.
4. MobileIron (NASDAQ:MOBL)
Market cap: US$478.02 million; year-to-date percentage gain: 21.15 percent; current share price: US$4.73
MobileIron is a company that provides security solutions for mobile which helps companies around the world to transform into mobile first organizations.
Later in the quarter, the company modernized multi-factor authentication for its MobileIron Access cloud security solution through the addition of its MobileIron Authenticator. MobileIron’s multi factor authentication verifies a user identity using the phone thereby protecting users from various hacks.
5. Cyren (NASDAQ:CYRN)
Market cap: US$154.54 million; year-to-date percentage gain: 16 percent; current share price: US$2.90
Last on our list is Cyren, a company that engages in the provision of cloud-based security solutions whose product portfolio range from web and electronic mail security to cyber intelligence suite.
Founded in 1991, the company in April advanced its cloud security by launching a new capability to protect users from cryptomining risks and impostor email threats.
In May, the company entered into a strategic partnership with Meta Networks to provide next generation network security with the company saying that will have a positive revenue impact beginning Q2 itself.
Don’t forget to follow us @INN_Technology for real-time news updates.
Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article
**This article is updated each quarter. Please scroll to the top for the most recent information**
3 Top NASDAQ Cybersecurity Stocks Year-to-Date
By Jocelyn Aspa, March 27, 2018
In 2017, we no doubt learned the vital importance of the cybersecurity sector and the role the technology will play in our everyday lives going forward.
So far in 2018, the sentiment still rings true, and companies in the space – big and small – are ensuring they have a handle on the inevitability of future cyber attacks. While cyber attacks will only continue to grow, the companies below have been impactful in some way so far this year.
With Q1 2018 nearing its end, here the Investing News Network (INN) takes a look back at the three top NASDAQ cybersecurity stocks year-to-date. The companies below all have market caps of less than $500 million and are listed by percentage increases. Although this list only profiles three companies in the space, their performances so far this year have yielded massive returns for their investors.
1. Finjan Holdings (NASDAQ:FNJN)
Market cap: $87.04 million; year-to-date percentage gain: 34.18 percent; current share price: $3.14
First on our top three top gaining NASDAQ cybersecurity stocks list is Finjan Holdings, a well-diversified cybersecurity company that is focused in four areas: intellectual property licensing and enforcement, advisory services, mobile security application development, and investing in cybersecurity technologies and intellectual property.
Finjan’s had a busy Q1 of 2018, which may be the reason it’s at the top of this list. At the start of the year Finjan announced that it and FireEye (NASDAQ:FEYE) had entered into patent license agreement where the two companies resolved all litigation matters and granted each other cross-licenses moving forward. Later that month, the company announced that its revenue for 2017 increased to $50 million, representing a 175 percent increase from the previous year.
Other big company news in the first quarter of the year includes a confidential definitive agreement with Symantec (NASDAQ:SYMC), announced in March; and the filing of a patent infringement complaint against Carbon Black, announced later in March.
TradingView analyst summary consensus currently ranks Finjan Holdings as a “buy,” with 14 ranking it as such, nine as neutral and three as a sell. Analyst consensus on TipRanks has Finjan at a “moderate buy” with an average price target of $5 over a 12 month period.
2. KeyW Holding (NASDAQ:KEYW)
Market cap: $392.41 million; year-to-date percentage gain: 32.26 percent; current share price: $7.87
KeyW Holding is our second top gaining NASDAQ cybersecurity stock year-to-date. For the better part of a decade since it opened up shop in 2008, KeyW Holding has grown to provide mission-critical cybersecurity, geospatial, cloud and data analytics and analysis, operations and engineering solutions. Through those platforms, the company is able to support collection, processing, analysis and dissemination of information via its Intelligence, Cyber and Counterterrorism communities.
In early January, KeyW Holding has obtained a contract from the US Navy’s Space and Naval Warfare Systems Center Atlantic to provide tagging, tracking and locating equipment and support over the next five years in a $182 million deal, which has been the company’s biggest news so far in 2018. Because of this contract, KeyW Holding will be an interesting company to watch throughout the year.
According to TradingView, technical analysis summary currently ranks the company as a “buy,” whereas TipRanks’ analysis consensus has KeyW Holding at “moderate buy” based on five analysts with an average price target of $9.33 over a 12 month period.
3. MobileIron (NASDAQ:MOBL)
Market cap: $487.72 million; year-to-date percentage gain: 21.25 percent; current share price: $4.85
Closing out our 3 top NASDAQ cybersecurity stocks year-to-date list is MobileIron, a company that–as its name suggests–provides security solutions for mobile-based applications. The MobileIron platform includes mobile device management, mobile application management, and mobile content management capabilities.
MobileIron has a wide range of products, such as: MobileIron Access; MobileIron Threat Defense; Desktop Security; and Internet of Things to name a few.
Similar to the companies listed above, MobileIron has had a lot on its plate so far in 2018: the company announced in late January a collaboration with Google Cloud on an end-to-end platform for enterprise cloud services that will bring Google Cloud’s Orbitera commerce platform together with MobileIron’s app distribution, security and analytics capabilities, which has no doubt kept the company busy since the start of the year.
TradingView technical analysis currently shows the company as a “buy,” while TipRanks lists MobileIron as a “moderate buy” with an average price target of $6.17, a high of $7 and a low estimate of $5.
Although this quarter’s list only highlights three cybersecurity companies, investors can take comfort in knowing the cybersecurity industry is stronger–now more than ever–and with no shortage of investment opportunities.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article