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Plymouth Rock Technologies Inc. (PRT) has announced a name and symbol change to Aether Global Innovations Corp. (AETH)
Shares will begin trading under the new name and symbol and with a new CUSIP number on August 1, 2023.
June 28, 2023
Plymouth Rock Technologies Inc. ( CSE:PRT ) ( OTC:PLRTF ) ( Frankfurt:4XA ) ( WKN# A2N8RH) (“ Plymouth Rock ”, “ PRT ”, or the “ Company ”), announces that it has arranged a non-brokered private placement financing of up to 16,666,667 units (the “Units”) of securities at a price of $0.06 CAD per Unit for aggregate gross proceeds of up to $1,000,000.00 CAD (the “Offering”).
The terms of each Unit will be comprised of one (1) common share and one (1) fully transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.10 CAD for five (5) years from closing of the Offering. Finders’ fees may be payable on a portion of the Offering at the discretion of the Company.
The net proceeds of the private placement will be used for working capital and business development.
About Plymouth Rock Technologies Inc.
Plymouth Rock Technologies (PRT) is an innovative UAV drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include (i) drone management and surveillance monitoring, (ii) automation and integration for flight planning, new, innovative sensor payloads, stand alone power source and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging and takeoff.
ON BEHALF OF THE BOARD OF DIRECTORS
Philip Lancaster, CEO
+1 (250) 863-3038
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward – looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
PRT:CNX
28 July 2023
CSE Bulletin: Name and Symbol Change - Plymouth Rock Technologies Inc.
Disclosure documents are available at www.thecse.com.
Please note that all open orders will be canceled at the end of business on July 31, 2023. Dealers are reminded to re-enter their orders.
_________________________________
Plymouth Rock Technologies Inc. (PRT) a annoncé un changement de nom et de symbole pour Aether Global Innovations Corp. (AETH)
Les actions commenceront à être négociées sous le nouveau nom et le nouveau symbole et avec un nouveau numéro CUSIP le 1 août 2023.
Les documents d'information sont disponibles sur www.thecse.com.
Veuillez noter que toutes les commandes ouvertes seront annulées à la fin des activités le 31 juillet 2023. Les concessionnaires sont priés de saisir à nouveau leurs commandes.
| Effective Date/ Date Effective : | Le 1 août/August 2023 |
| Old Symbol/Vieux Symbole : | PRT |
| New Symbol/Nouveau Symbole : | AETH |
| New CUSIP/ Nouveau CUSIP : | 00810E 10 9 |
| New ISIN/ Nouveau ISIN : | CA 00810E 10 9 7 |
| Old/Vieux CUSIP & ISIN : | 730020104/CA7300201042 |
If you have any questions or require further information, please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com.
Pour toute question, pour obtenir de l'information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l'adresse: Listings@thecse.com.
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27 July 2023
Plymouth Rock Technologies Changes Name to Aether Global Innovations Corp. and Launches New Website
(TheNewswire)
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Plymouth Rock Technologies Inc. ( CSE:PRT ) ( OTC:PLRTF ) ( Frankfurt:4XA ) ( WKN#A2N8RH) (" Aether Global Innovations ", " AETH ", or the " Company "), is pleased to announce it has changed its name to Aether Global Innovation s Corp . Effective at the opening August 1, 2023, the Company will begin trading on the CSE under the symbol AETH . The Company's new CUSIP is 00810E109 and ISIN is CA00810E1097. The new website for Aether Global Innovation Corp (CSE: AETH ) is www.aethergic.com
Aether Global Innovations Corp., "The Fifth Element - The Medium of Space" signifies the transformative power of AI, data, and automated drones in domestic services and security. It represents the integration of advanced technologies, where AI processes real-time data for insights and automated drones to execute tasks efficiently. This paradigm shift enhances situational awareness, response, and resource allocation, revolutionizing domestic and security applications.
"We're excited to introduce Aether Global Innovations to the marketplace," shared Phil Lancaster CEO and President of Aether Global Innovations. "We spent a lot of time exploring what was and what wasn't working within the organisation and speaking with industry leaders in the drone space regarding the future of drone technology. Drones have seen a remarkable rise in adoption, with applications ranging from domestic to defense scenarios. As we look towards the future, we firmly believe that automation and AI will continue to play a pivotal role in enhancing the capabilities and services provided by drones. Our focus is now serving large property and critical infrastructure owners, operators, and their management teams, by delivering bespoke services, allowing them to make well-informed decisions that can significantly impact their operations. As we move the company forward, we would like to thank those shareholders, partners, and clients that remain steadfast in supporting us".
The Company announced its rebranding on June 16, 2023 and welcomes all to visit it new website at www.aethergic.com , where visitors will find more detail on the Company's overall vision and mission in bringing innovative management, automation and technologies to the drone and UAV marketplace.
About Aether Global Innovations Corp.
Aether Global Innovations (AETH) is an innovative UAV drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include (i) drone management and surveillance monitoring, (ii) automation and integration for flight planning, new, innovative sensor payloads, stand-alone power source and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging, and take off. www.aethergic.com
ON BEHALF OF THE BOARD OF DIRECTORS
Philip Lancaster, President and CEO
Aether Global Innovations Corp.
info@aethergic.com
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward – looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Copyright (c) 2023 TheNewswire - All rights reserved.
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24 July 2023
Amended: Plymouth Rock Announces Closing of First Tranche of Non-Brokered Private Placement Financing
(TheNewswire)
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Plymouth Rock Technologies Inc. ( CSE:PRT ) ( OTC:PLRTF ) (Frankfurt:4XA ) ( WKN#A2N8RH) (" Plymouth Rock ", " PRT ", or the " Company "), a drone management and automation company, today announced it has completed a first tranche its previously announced non-brokered private placement by the issuance of 9,907,000 units (the "Units") at a price of $0.06 per Unit for aggregate gross proceeds of $594,420.00 (the "Offering"). Each Unit is comprised of one (1) common share and one (1) common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.10 for five (5) years from closing of the Offering
Finders' fees in the aggregate of $59,442.00 and 990,700 finders' b-warrants were paid on a portion of the Offering. Each finder's b-warrant entitles the holder to purchase one additional common share at a price of $0.10 for five (5) years from closing of the Offering.
The Units, common shares, share purchase warrants, finders' b-warrants and shares issued upon exercise of the share purchase warrants and / or the finders' b-warrants are subject to a four month hold period, expiring November 25, 2023.
The net proceeds of the private placement will be used for working capital and business development.
About Plymouth Rock Technologies Inc.
Plymouth Rock Technologies (PRT) is an innovative UAV drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include (i) drone management and surveillance monitoring, (ii) automation and integration for flight planning, new, innovative sensor payloads, stand-alone power source and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging, and take off. www.plyrotech.ca
ON BEHALF OF THE PRT BOARD OF DIRECTORS & PROTEGIMUS PROTECTION
Philip Lancaster, President and CEO
Plymouth Rock Technologies Inc.
info@plyrotech.ca
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward – looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Copyright (c) 2023 TheNewswire - All rights reserved.
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24 July 2023
Plymouth Rock Announces Closing of First Tranche of Non-Brokered Private Placement Financing
(TheNewswire)
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Plymouth Rock Technologies Inc. ( CSE:PRT ) ( OTC:PLRTF ) (Frankfurt:4XA ) ( WKN#A2N8RH) (" Plymouth Rock ", " PRT ", or the " Company "), a drone management and automation company, today announced it has completed a first tranche its previously announced non-brokered private placement by the issuance of 9,907,000 units (the "Units") at a price of $0.06 per Unit for aggregate gross proceeds of $594,420.00 (the "Offering"). Each Unit is comprised of one (1) common share and one (1) common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.10 for three (5) years from closing of the Offering
Finders' fees in the aggregate of $59,442.00 and 990,700 finders' b-warrants were paid on a portion of the Offering. Each finder's b-warrant entitles the holder to purchase one additional common share at a price of $0.10 for three (5) years from closing of the Offering.
The Units, common shares, share purchase warrants, finders' b-warrants and shares issued upon exercise of the share purchase warrants and / or the finders' b-warrants are subject to a four month hold period, expiring November 25, 2023.
The net proceeds of the private placement will be used for working capital and business development.
About Plymouth Rock Technologies Inc.
Plymouth Rock Technologies (PRT) is an innovative UAV drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include (i) drone management and surveillance monitoring, (ii) automation and integration for flight planning, new, innovative sensor payloads, stand-alone power source and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging, and take off. www.plyrotech.ca
ON BEHALF OF THE PRT BOARD OF DIRECTORS & PROTEGIMUS PROTECTION
Philip Lancaster, President and CEO
Plymouth Rock Technologies Inc.
info@plyrotech.ca
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward – looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Copyright (c) 2023 TheNewswire - All rights reserved.
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20 July 2023
Plymouth Rock Technologies Signs Strategic Partnership MOU with Protegimus Protection
(TheNewswire)
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Plymouth Rock Technologies Inc. (CSE:PRT) (OTC:PLRTF) (Frankfurt:4XA ) ( WKN#A2N8RH) (" Plymouth Rock ", " PRT ", or the " Company "), a drone management and automation company, today announced the Company has signed a memorandum of understanding (MOU) for a Strategic Partnership with Protegimus Protection Ltd ("Protegimus"). The Strategic Partnership MOU is non-binding until finalized and will focus initially on Collaborative Business Development efforts specifically focused on critical infrastructure and security applications for remote monitoring (DiaB), this includes, (i) establishing key strategic objectives and client programs for new regions, specifically Asia Pacific and the Middle East and (ii) identifying additional services and capabilities for fixed and mobile aerial support operation center (ASOC) services, which are all of mutual interests to PRT and Protegimus
Plymouth Rock believes this Strategic Partnership with Protegimus will help further the Company's overall three (3) pronged business strategy for supporting critical infrastructures and large scale facilities, which includes: (i) drone management and surveillance monitoring, (ii) automation and integration for flight planning, new, innovative sensor payloads, stand-alone power source and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging and take-off.
"We are excited with our ongoing discussions with Protegimus around our strategic partnership," shared Phil Lancaster, CEO and President of Plymouth Rock Technologies. "Protegimus has developed exceptional solutions designed for the surveillance and protection of critical infrastructure facilities, including power stations, oil refineries and water treatment facilities, as well as these facilities' diverse networks of pipelines, waterways and energy grids. Protegimus' unique drone and UAV monitoring and surveillance services, through fixed and mobile aerial support operation centers (ASOC), offer customers better situational awareness, increased safety through proactive counter measures, and solutions for reducing costs while maintaining reliability. All are key to supporting PRT's mission to bring better, more robust drone and UAV management and monitoring solution to the marketplace."
"Our Protegimus team is very pleased about this opportunity to work with Plymouth Rock Technologies on this Strategic Partnership," shared Stephen O'Callaghan, CEO and Founder of Protegimus Protection. "The consortium of strategic partners that Plymouth Rock has been assembling is impressive and is bringing together a much needed fully integrated solution for large facilities and critical infrastructures. Protegimus is excited to add our expertise in surveillance, security and emergency response solutions that will be integrated in Plymouth Rock's complete management and monitoring offering."
Plymouth Rock and Protegimus have begun working on the final details of the Strategic Partnership. The companies will update the marketplace, clients, partners and shareholders as market impacting achievements are delivered.
In other news, Plymouth Rock Technologies UK Ltd., a previous subsidiary of the Company, is now in liquidation. Furthermore, the Company has ceased operations with its U.S. subsidiary.
About Plymouth Rock Technologies Inc.
Plymouth Rock Technologies (PRT) is an innovative UAV drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include (i) drone management and surveillance monitoring, (ii) automation and integration for flight planning, new, innovative sensor payloads, stand-alone power source and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging, and take off. www.plyrotech.ca
About Protegimus Protection Ltd.
Protegimus Protection is a licensed bodyguard, executive protection and security consultancy company that operates from within the United Kingdom. We are raising the standards in the industry and have goals that are client-focused and result-driven. Our security consultancy outfit provides a multitude of bespoke security services to the highest of standards. All Protegimus Protection security personnel are carefully and meticulously selected, through a strict and professional vetting process. This ensures that our clients have the best-suited personnel providing their security services to the highest of standards.
ON BEHALF OF THE PRT BOARD OF DIRECTORS & PROTEGIMUS PROTECTION
Philip Lancaster, President and CEO
Plymouth Rock Technologies Inc.
info@plyrotech.ca
Steve O'Callaghan, Founder & CEO
Protegimus Protection Ltd.
steve@protegimusprotection.com
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward – looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Copyright (c) 2023 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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16 July
Biggest Canadian Defense Contractors and ETFs in 2025
Governments and militaries around the world are beefing up their defense budgets as geopolitical and trade tensions mount. Unsurprisingly, aerospace and defense stocks are looking more attractive to investors.
The aerospace and defense industry comprises covers a large array of products, including aircraft, autonomous vehicles, marine vessels, satellites, electronic systems, software, missiles, drones and tanks.
Global defense spending increased by 9.4 percent in 2024 to US$2.72 trillion, led by the United States, China, Russia, Germany and India.
For its part, Canada spent US$29.3 billion on defense in 2024, making it the 15th highest spender globally. The country has yet to meet NATO member country spending targets of 2 percent of gross domestic product (GDP), coming in at 1.37 percent last year. However, this is expected to change in 2025.
In June, the Canadian government announced plans to invest an additional C$9 billion in the Canadian Armed Forces for the 2025/2026 fiscal year. The funds will go towards a wide array of improvements, including new aircraft, armed vehicles and drones.
“In an increasingly dangerous and divided world, Canada must assert its sovereignty," Prime Minister Mark Carney stated. "We will rapidly procure new equipment and technology, build our defence industrial capacity, and meet our NATO defence commitment this year. Canada will seize this opportunity with urgency and determination.”
Top 5 Canadian Defense Stocks
Canada’s aerospace and defense industry plays a large role both domestically and through exports. The Canadian Armed Forces prioritizes domestic equipment and services procurement, with 55 percent of expenditures made to Canadian suppliers in 2022.
The Canadian defense sector has historically outperformed the broader manufacturing sector in terms of industrial growth, according to a Government of Canada report.
Exports represent a significant portion of revenues for land and marine military goods and services. GlobalData reports that naval vessels and surface combatants, military fixed-wing aircrafts and military satellites are currently the most attractive segments of the country’s defense market.
Here, the Investing News Network examines the biggest defense stocks by market cap traded on the TSX. Market cap data for these publicly traded defense companies from TradingView's Stock Screener was accurate as of June 30, 2025.
1. CAE (TSX:CAE)
Market cap: C$12.33 billion
Established in 1947, CAE manufactures simulation technologies and digitally immersive training services for the aerospace, defense and healthcare industries. The company’s defense and security business unit provides training and mission support solutions for air, land, maritime, space and cybersecurity operations.
The company has regional defense and security training facilities in many countries and regions globally, namely the US, Canada, the United Kingdom, Europe, the Indo-Pacific and the Middle East. CAE's annual revenue for its 2025 fiscal year ending March 31, 2025, was C$4.71 billion, up 10 percent year-over-year.
2. Bombardier (TSX:BBD.B)
Market cap: C$11.57 billion
A global leader in aviation, Bombardier is headquartered in Québec, Canada, and operates aerostructure, assembly and completion facilities in Canada, the US and Mexico. Although best known for its business jets, the company has also earned the distinction of being a trusted designer and manufacturer of military special-mission aircraft under its Bombardier Defense unit.
Bombardier Defense has a multi-year US$465 million contract to sell its Global 6000 jets to the US Air Force under the Battlefield Airborne Communications Node program, which began in 2021 and extends through 2026. Under the contract, Bombardier is selling modified Global aircrafts to the US Air Force. These aircrafts are specialized communications platforms that help bridge voice and data between forces on the ground and in the air.
Bombardier reported US$8.7 billion in revenue for 2024, up 8 percent year-over-year.
3. MDA Space (TSX:MDA)
Market cap: C$4.25 billion
MDA calls itself “an international space mission partner and a robotics, satellite systems and geointelligence pioneer.” The company is responsible for Canada’s first military satellite, Sapphire, which is designed to monitor Earth’s orbit and surveil outer space for man-made space debris and other satellites. Classified as a Space Situational Awareness small-satellite system, Sapphire was created for Canada’s Department of National Defence. MDA also provides satellite capabilities to the Department of National Defence’s Polar Epsilon satellite ground stations.
MDA reported strong top-line growth in 2024, with revenues of C$1.08 billion, up 34 percent year-over-year. The company expects 2025 full year revenues to be between C$1.5 billion and C$1.65 billion.
4. Magellan Aerospace (TSX:MAL)
Market cap: C$1.06 billion
Magellan Aerospace designs, manufacturers and services aeroengine and aerostructure assemblies and components for the global aerospace market, as well as proprietary products for the military and space submarkets.
In April of this year, the company signed an amendment to an important long-term revenue sharing agreement with GE Aerospace (NYSE:GE). The amendment includes the production of major components for the F414-GE-400K aircraft engine over a seven-year period for the Korean KF-21 fighter aircraft program for South Korea’s national arms procurement agency.
Magellan’s total revenue for 2024 came in at C$942.37 million, up 7.1 percent over the previous year.
5. Kraken Robotics (TSXV:PNG)
Market cap: C$767.92 million
Marine technology company Kraken Robotics provides advanced subsea sonar and laser systems, as well as batteries and robotics systems for unmanned underwater vehicles used in the military and commercially. According to Kraken, it is best known for its high-resolution 3D acoustic imaging solutions and services.
In February of this year, Kraken announced plans to open a new battery production facility in Nova Scotia, stating it aims to meet increasing demand for uncrewed underwater vehicles from the defense sector.
Kraken’s consolidated revenue for 2024 reached C$91.3 million, up 31 percent year-over-year. The company’s guidance for 2025 revenue is C$120 million to C$135 million.
Top Canadian Defense ETFs
Exchange-traded funds (ETFs) are marketable securities that track an index, a commodity, bonds or a basket of assets like an index fund. Investors can diversify their portfolio and lower the risk of investing in individual stocks with defense ETFs.
ETF Portfolio Blueprint has identified two Canadian Defense ETFs worthy of investor attention. All data was current as of June 30, 2025.
1. iShares U.S. Aerospace & Defense Index ETF (TSX:XAD)
Assets under management: C$50.57 million
iShares U.S. Aerospace & Defense ETF launched in September 2023, and has an expense ratio of 0.44 percent. This fund replicates the iShares U.S. Aerospace & Defense ETF (BATS:ITA) and tracks the Dow Jones US Select Aerospace & Defense Index.
These defense stocks are typically stable companies in the sector whose revenues are mainly tied to long-term government contracts. Top holdings include RTX (NYSE:RTX), The Boeing Company (NYSE:BA), Lockheed Martin (NYSE:LMT), General Dynamics (NYSE:GD) and L3Harris Technologies (NYSE:LHX).
2. Global X Defence Tech Index ETF (TSX:SHLD)
Assets under management: C$28.88 million
Launched in April 2025, the Global X Defense Tech Index ETF is the Canadian version of the Global X Defense Tech ETF (NYSEARCA:SHLD). Like its US equivalent, the ETF tracks the proprietary Global X Defense Tech Index, meaning this ETF differs from XAD by offering exposure to a mix of US and global defense stocks. As it is a brand new ETF, an expense ratio has not yet been calculated, but it has a management fee of 0.49 percent.
Its only holding is the US Global X Defense Tech ETF, which includes some of the biggest defense stocks such as Lockheed Martin and General Dynamics, and is also heavily weighted in Palantir Technologies (NASDAQ:PLTR) and L3Harris Technologies.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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15 July
Biggest US Defense Contractors and ETFs in 2025
Geopolitical tensions are rising in several regions of the world, and governments are expected to increase their defense spending in the years ahead. This has investors looking to aerospace and defense stocks.
The entrenched Russia-Ukraine war, widespread conflict in the Middle East, military posturing in the ongoing US-China trade conflict and the spread of cybersecurity attacks on critical infrastructure — all of these developments and more are driving demand in the global defense market.
In 2024, the five countries spending the most on their militaries were the United States, China, Russia, Germany and India, according to data from the Stockholm International Peace Research Institute.
For the most part, the aerospace and defense industry provides equipment, technologies and services to national governments through contracts. The players in this space are typically defense contractors that design and manufacture aircraft, satellites, electronic systems, software, missiles, drones, autonomous vehicles, tanks and marine vessels.
Global aerospace and defense revenue reached record highs in 2024, according to PwC in its latest annual sector report, totaling US$922 billion across the top 100 companies. However, the firm reports that increased demand is outpacing supply and capacity from defense companies.
5 Biggest US Defense Stocks
Today, the US accounts for the largest share of global defense spending, representing about 37 percent of worldwide military outlays. In fact, military spending represents about 12 percent of the US federal budget for fiscal year 2025. Worsening geopolitical tensions are expected to increase the US government's spending on defense technology.
Here, the Investing News Network takes a look at the biggest defense stocks by market cap traded on the NASDAQ and NYSE. Market cap data for these publicly traded defense companies per TradingView's stock screener was accurate as of June 24, 2025.
1. RTX (NYSE:RTX)
Market cap: US$189.46 billion
One of the most well-known American defense companies, RTX operates in the defense, aviation, space, electronics and cybersecurity sectors. The company captured more than US$80.7 billion in revenue for 2024, up 17.15 percent from the previous year.
The company's defense solutions arm Raytheon was awarded a US$250 million contract in June 2025 from Japan's Mitsubishi Electric (TSE:6503) for licensed production of ESSM Block 2 short to medium-range guided missiles.
"Under the Direct Commercial Sale contract, Raytheon will provide missile kits, parts, and components as well as technical support for missile production at (Mitsubishi Electric) in Japan," the press release stated.
2. The Boeing Company (NYSE:BA)
Market cap: US$151.52 billion
Another heavyweight in the aerospace and defense industry, Boeing designs and manufactures airplanes, rotorcraft, rockets, satellites, telecommunications equipment and missiles.
Revenue for the company declined by 14.5 percent in 2024 over the previous year to come in at US$66.5 billion. The majority of that loss was driven by its airplane segment; its defense segment revenue dropped 4 percent over the same period. The company's aviation sector has faced heavy scrutiny in recent years after several disastrous incidents linked to the Boeing 737.
As for its defense business, in March 2025, Boeing reported that production of its air defense systems, Patriot Advanced Capability-3 seekers, reached an all-time high in 2024. According to the release, the company produces the seekers as a subcontractor for Lockheed Martin and has sold them to 17 countries, including the US and Ukraine.
3. Honeywell International (NASDAQ:HON)
Market cap: US$144.57 billion
Engineering and technology company Honeywell International develops and manufactures technological solutions for a variety of sectors. The company’s four business divisions are aerospace technologies, building automation, energy and sustainability solutions, and industrial automation. Honeywell's sales came in at US$38.5 billion in 2024, up 5 percent from the previous year.
Honeywell has numerous defense contracts with government agencies around the world, including right at home with the US Department of Defense (DoD) and US Armed Forces. In May 2025, the company’s JetWave X satellite communication system was selected for use in the advanced US Army aircraft ARES.
4. Lockheed Martin (NYSE:LMT)
Market cap: US$107.57 billion
Lockheed Martin’s business is concentrated on aerospace products and advanced defense technology systems. The F-16 Fighting Falcon fighter jet is among its most notable products, but Lockheed is also well known for its space launchers, ballistic missiles and satellites. The company's 2024 net sales increased by 5.15 percent from the previous year to just over US$71 billion.
Unsurprisingly, about half of Lockheed Martin’s annual sales are made to the US DoD. However, governments around the world have purchasing contracts with the company to supply their militaries with defense products such as F-16 and F-35 fighter jets. In April 2025, the Royal Norwegian Air Force received the last two F-35 fighter jets of the 52 ordered in its most recent supply contract.
5. General Dynamics (NYSE:GD)
Market cap: US$76.57 billion
Although best known for its Gulfstream business jets, General Dynamics designs and manufactures wheeled and tracked combat vehicles, submarines, weapons and communications systems, as well as munitions. The company garnered more than US$47.72 billion in revenue for 2024, up 12.88 percent from the previous year.
General Dynamics is a major defense contractor for the US military as well as allied nations abroad. In April 2025, the company was awarded US$12 billion in contract modifications for the construction of two Virginia-class submarines for the US Navy, bringing the potential value of the contract to US$17.2 billion. This type of sub is designed for anti-submarine and surface ship warfare and special operations support.
5 Biggest US Defense ETFs
Investors looking to mitigate the risk of investing in individual stocks can diversify their portfolio with defense ETFs. While ETFs aren’t without risk, they are often considered a more stable investment compared to stocks as they allocate funds across a variety of stocks that are rebalanced by an asset manager to meet the return goals of the fund.
The biggest US Defense ETFs by assets under management are listed below according to data from ETF Database.
1. iShares U.S. Aerospace & Defense ETF (BATS:ITA)
Assets under management: US$7.83 billion
The iShares U.S. Aerospace & Defense ETF launched in May 2006. This fund invests in large, generally stable companies in the aerospace and defense sector, particularly those with the majority of their revenues based on long-term government contracts.
The ETF has 40 holdings and an expense ratio of 0.4 percent. IShares U.S. Aerospace & Defense ETF’s top holdings include RTX, Boeing, Lockheed Martin and General Dynamics as well as another important name in the industry, L3Harris Technologies (NYSE:LHX).
2. Invesco Aerospace & Defense ETF (NYSEARCA:PPA)
Assets under management: US$5.41 billion
Invesco Aerospace & Defense ETF launched in October 2005. Like ITA, it also tracks large, stable aerospace and defense stocks with steady revenue streams from long-term government contracts.
While it has more holdings than ITA at 57, it also has a higher expense ratio at 0.58 percent. Unlike ITA, Honeywell is listed among Invesco Aerospace & Defense ETF's top holdings in addition to the other biggest US defense stocks.
3. SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)
Assets under management: US$3.76 billion
SPDR S&P Aerospace & Defense ETF, which launched in September 2011, offers exposure to large cap stocks in this sector. It has the lowest expense ratio on this list at 0.35 percent.
Of the 40 holdings XAR tracks, the most heavily weighted US defense stocks include RTX, Boeing, Lockheed Martin and General Dynamics as well as Rocket Lab (NASDAQ:RKLB) and AeroVironment (NASDAQ:AVAV).
4. Global X Defense Tech ETF (NYSEARCA:SHLD)
Assets under management: US$2.69 billion
Launched in September 2023, Global X Defense Tech ETF is the newest defense ETF on the market. While it does offer a geographic diversity of exposure to the overall defense sector, its holdings are just over 50 percent based in the United States. This ETF has an expense ratio of 0.50 percent.
SHLD has 43 holdings, including the biggest US defense stocks such as Lockheed Martin and General Dynamics, but is also heavily weighted in Palantir Technologies (NASDAQ:PLTR) and L3Harris Technologies.
5. Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN)
Assets under management: US$249.19 million
Direxion Daily Aerospace & Defense Bull 3X Shares launched in May 2017 with the goal of tripling the daily return of an index of major defense industry stocks.
DFEN has the highest expense ratio on this list at 0.95 percent. Some of the most heavily weighted stocks of its 39 holdings are Boeing, Lockheed Martin and RTX.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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28 April
4 Biggest Cybersecurity ETFs in 2025
As data breaches and cyberattacks rise, cybersecurity exchange-traded funds (ETFs) are gaining traction.
The term cybersecurity originated in 1989, and today is defined as the measures taken to protect a computer or computer system against unauthorized access or cyberattack threats. These measures can include people, policies and processes.
The number of security incidents is increasing every year, as are the costs companies must pay. In fact, according to a 2024 research report from IBM (NYSE:IBM), the average cost of a single data breach event globally was US$4.48 million — up 10 percent over the previous year and the highest cost in the 19 years since the first report was issued.
These threats are unlikely to fade anytime soon. The forecast for the cybersecurity market is strong through 2030, with trends in the space including the threats posed by AI and quantum computing.
There are multiple ways to invest in the cybersecurity market, including cybersecurity ETFs, which offer a low-cost way to enter the space. ETF fees and expenses are typically lower than those associated with mutual funds or other types of actively managed financial instruments. What's more, ETFs provide exposure to a basket of stocks, meaning investors can spread their risk around.
According to ETF.com, there are nine cybersecurity ETFs listed in the US. Here's a closer look at the top four cybersecurity ETFs by assets under management (AUM). ETFs with assets under management above US$500 million are included in this list. All numbers and figures were current as of April 28, 2025.
1. First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR)
AUM: US$8.00 billion
Expense ratio: 0.59 percent
Launched in July 2015, this ETF tracks the NASDAQ CTA Cybersecurity Index (INDEXNASDAQ:NQCYBR) and includes companies categorized by the Consumer Technology Association as cybersecurity. The ETF's 33 holdings are largely tech firms, but it also offers some exposure to the defense and aerospace sectors.
The First Trust NASDAQ Cybersecurity ETF's top holdings include CrowdStrike Holdings (NASDAQ:CRWD) at a weight of 8.79 percent, Broadcom (NASDAQ:AVGO) at 7.78 percent, Palo Alto Networks (NYSE:PANW) at 7.58 percent and Cisco Systems (NASDAQ:CSCO) at 7.13 percent. Infosys (NYSE:INFY)
2. Amplify Cybersecurity ETF (ARCA:HACK)
AUM: US$1.89 billion
Expense ratio: 0.6 percent
The oldest cybersecurity ETF on this list is the Amplify Cybersecurity ETF. Previously called ETFMG Prime Cyber Security ETF, this ETF began trading in November 2014 and tracks the ISE Cyber Security Index (INDEXNASDAQ:HXR).
HACK is run by ETFMG, a lesser-known company among the goliath ETF managers, and it has had a 12.19 percent annualized return over the past five years.
The cybersecurity ETF has 25 holdings, and its top holdings by weight include Broadcom at 8.67 percent, CrowdStrike Holdings at 6.84 percent and Cisco Systems at 6.25 percent.
3. Global X Cybersecurity ETF (NASDAQ:BUG)
AUM: US$986.89 million
Expense ratio: 0.51 percent
The newest ETF on this list is the Global X Cybersecurity ETF, which was founded in October 2019. The ETF tracks a market-cap-weighted global index of companies selected based on revenue related to cybersecurity activities, as companies must generate at least 50 percent of their revenue from cybersecurity to be included.
The ETF has 23 holdings, with the top by weight being CrowdStrike at a weight of 7.8 percent, Fortinet (NASDAQ:FTNT) at a weight of 7.06 percent, Zscaler (NASDAQ:ZS) at 6.51 percent and Check Point Software Technologies (NASDAQ:CHKP) at 6.5 percent.
4. iShares Cybersecurity and Tech ETF (ARCA:IHAK)
AUM: US$909.79 million
Expense ratio: 0.47 percent
Last on this cybersecurity ETFs list is the iShares Cybersecurity and Tech ETF.
Founded in June 2019, it tracks the NYSE FactSet Global Cyber Security Index (INDEXNYSEGIS:NYFSSEC) and has a focus on developed and emerging markets in the cybersecurity industry.
The iShares Cybersecurity and Tech ETF has 37 holdings, including Trend Micro Incorporated (TSE:4704) at a weight of 5.23 percent, Okta (NASDAQ:OKTA) at 5.1 percent, Crowdstrike Holdings at 4.82 and Check Point Software Technologies at 4.75 percent.
This is an updated version of an article originally published by the Investing News Network in 2018.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
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05 February
ASX Cybersecurity Stocks: 5 Biggest Companies in 2025
Cybersecurity has become a global concern, and demand for technological security is increasing in tandem.
In Australia, the cybersecurity market is expected to grow from an estimated AU$8.4 billion in 2025 to a projected AU$19.57 billion by 2030, a compound annual growth rate of 18.44 percent.
With the increasing growth of internet usage and cyber attacks in the country, there's been extra pressure on governments and enterprises to up their digital security profile, making cybersecurity an industry that’s expected to see rapid expansion in the coming years. Read on to learn more about the cybersecurity landscape in Australia.
What do cybersecurity companies do?
The cybersecurity stocks category includes companies that offer cyber recovery solutions in the event of an attack, as well as companies that offer consultations on cybersecurity for businesses and organisations.
Cybersecurity companies may also bolster cyber defences via hardware and cloud-based software technology, particularly in software-as-a-service (SaaS) applications. This is to help prevent attacks or breaches before they happen and keep private data safe.
Cybersecurity companies on the ASX
Because the industry is new, most Australian cybersecurity businesses are less than 10 years old and are primarily private. Gauging performance can be challenging as company values are based on the aftermath of a cyberattack. Even so, there are opportunities for potential profit in cybersecurity shares.
To give investors an idea of the options available in Australia, the Investing News Network has gathered five of the top ASX-listed cybersecurity shares by market cap using TradingView's stock screener. The cybersecurity companies in Australia are listed in order by market cap, and data was current as of February 3, 2025.
1. Qoria (ASX:QOR)
Market cap: AU$618.25 million
Qoria, previously named Family Zone, is a global technology company that offers a suite of cyber safety tools through its subsidiaries to help parents and schools control screen time and restrict cyber bullying to protect children. Its products and services are used by more than 29,000 schools across three continents and serve more than 25 million children.
2. Senetas (ASX:SEN)
Market cap: AU$43.04 million
Senetas and its subsidiaries provide network data security solutions. The company is considered a leader in the cybersecurity sector. Based in Melbourne, its main customers are governments and businesses all over the world. Since 1999, Senetas has provided products used in cloud services, big data protection and encryption security services.
3. Prophecy International Holdings (ASX:PRO)
Market cap: AU$39.39 million
Prophecy International Holdings is a software company with two products, EMite and Snare. EMite is an SaaS analytics platform, and Snare is a scalable platform of centralised log management and security analytics products that help customers manage cyber threats in real time.
4. FirstWave Cloud Technology (ASX:FCT)
Market cap: AU$37.7 million
FirstWave Cloud Technology is an Australian company based in New South Wales. The company specialises in IT services, providing a software solution to automate cybersecurity and network management. FirstWave’s patented technology, called CyberCision, is a comprehensive platform that helps service providers provide safe and secure services to their clientele. The platform is built to streamline the process and simplify each stage.
5. ArchTIS (ASX:AR9)
Market cap: AU$20.06 million
ArchTIS is an Australian company that designs and develops data-centric security products that allow for safer information-sharing and collaboration infrastructure. It offers its NC Protect for data protection for companies using Microsoft apps, as well as its Kojensi platform for collaboration on classified material and for military and aid workers to collaborate in the field.
This is an updated version of an article first published by the Investing News Network in 2021.
Don't forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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10 January
Cybersecurity Stocks: 10 Biggest Companies in 2025
Cybercrime is a growing concern, and it’s estimated that the annual cost of fighting cyber crime will reach US$10.5 trillion by 2025. Cybersecurity companies are working to address the challenge.
As investor interest in this potentially lucrative sector increases, the Investing News Network (INN) is profiling the top 10 biggest cybersecurity companies by market cap from eSecurity Planet's list of the top cybersecurity companies to watch.
The list from eSecurity Planet features 20 privately held and publicly traded cybersecurity companies across a range of stock exchanges. The firm employed criteria such as user reviews, product features and benefits, analyst reports, independent security tests and use cases to evaluate companies in the cybersecurity sector.
The largest cybersecurity companies by market cap shown below are all listed on the NASDAQ and NYSE. Stock data was current as of market close on January 9, 2025.
1. Microsoft (NASDAQ:MSFT)
Market cap: US$3.16 trillion
Share price: US$424.56
The largest cybersecurity company by market cap is Microsoft. The tech giant is a major player in the cloud security market, which includes cloud native application protection platform (CNAPP) products and services. In fact, Microsoft is the largest CNAPP solution provider, according to KeyBanc Capital.
Prominent cybersecurity firm Security Risk Advisors recently became a member of the Microsoft Intelligent Security Association.
2. Broadcom (NASDAQ:AVGO)
Market cap: US$3.16 trillion
Share price: US$424.56
Global technology firm Broadcom has built a large portfolio of embedded and mainframe security solutions, as well as payment authentication software.
The company broadened its offerings with the Symantec Enterprise Cloud in November 2019 with the acquisition of the enterprise software division of Symantec, which has since changed its name to Gen Digital (NASDAQ:GEN). Broadcom's Symantec offerings include secure access service edge technologies and zero-trust security.
3. Cisco Systems (NASDAQ:CSCO)
Market cap: US$235.78 billion
Share price: US$59.20
For a number of years now, Cisco Systems has increasingly invested in boosting its cybersecurity services. Today, the company offers an array of products for cloud security, endpoint security and security analytics. To address the cybersecurity skills shortage, Cisco offers certification programs for IT professionals.
In response to rising security risks in AI-powered applications, Cisco acquired Robust Intelligence, a company specializing in protecting AI systems from vulnerabilities and attacks, in September 2024.
4. IBM (NYSE:IBM)
Market cap: US$206.36 billion
Share price: US$223.18
IBM's security division offers customers an advanced and integrated portfolio of enterprise security products and services. IBM X-Force helps businesses and organizations integrate security solutions into their everyday functions and provides help with risk assessment, incident detection and threat response. The company is harnessing the power of AI to combat cybersecurity threats.
In May 2024, IBM announced new X-Force Red testing services that focus on identifying and mitigating vulnerabilities in generative AI applications and models. Like Cisco, IBM also offers cybersecurity certification programs.
5. Palo Alto Networks (NASDAQ:PANW)
Market cap: US$113.41 billion
Share price: US$172.83
Palo Alto Networks bills itself as “the global cybersecurity leader.” The company’s security portfolio includes advanced firewalls and cloud-based offerings that protect more than 80,000 organizations across their clouds, networks and mobile devices.
An example of its more recently launched offerings include Prisma Cloud, which integrates AI across various security domains, including network security, cloud security and security operations. In October 2024, Palo Alto expanded its offerings to the industrial sector.
6. CrowdStrike Holdings (NASDAQ:CRWD)
Market cap: US$88.36 billion
Share price: US$358.72
CrowdStrike Holdings is a software-as-a-service solutions provider. This team of cybersecurity professionals uses advanced endpoint detection and response applications and techniques in its machine-learning-powered antivirus protection offerings to ensure breaches are stopped before they occur.
This is another major cybersecurity company that is incorporating AI, adding it to its security information and event management (SIEM) offerings.
Its new AI-powered functions for its Falcon Next-Gen SIEM platform were first released in May 2024, including the integration of its Charlotte AI. Then, in July, CrowdStrike announced its Falcon Complete Next-Gen MDR service, which incorporates data from its SIEM platform and AI capabilities.
7. Fortinet (NASDAQ:FTNT)
Market cap: US$73.61 billion
Share price: US$96.04
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 can protect data across digital infrastructure systems, whether in networked, application, multi-cloud or edge environments. Fortinet's client base includes major sports teams, including the Vancouver Canucks NHL hockey team and the Pittsburgh Steelers NFL football team.
8. Zscaler (NASDAQ:ZS)
Market cap: US$28.74 billion
Share price: US$187.78
Cloud security company Zscaler’s Zero Trust Exchange platform can be used to secure user-to-app, app-to-app and machine-to-machine communications over any network. The company also offers cloud migrating services. Zscaler is known for setting the standard in the field of security service edge, and it claims the Zero Trust Exchange is the world's most-used security service edge platform.
In December 2024, the company expanded its partnership with IT services and consulting company Cognizant (NASDAQ:CTSH) as the pair work together to help enterprises address cyber threats by providing an advanced, AI-enabled zero trust cloud security platform.
9. Check Point Software (NASDAQ:CHKP)
Market cap: US$20.15 billion
Share price: US$183.19
Check Point Software is part of the unified threat management sector, and it offers a wide variety of 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 acquired Avanan, a cloud email and collaboration security company, in 2021. At the end of 2024, technological research and consulting firm Gartner recognized Check Point as a leader in the 2024 Gartner Magic Quadrant for Email Security Platforms.
10. Okta (NASDAQ:OKTA)
Market cap: US$14.64 billion
Share price: US$85.46
Okta 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 services and devices. The company is investing in AI technologies to monitor customer signals and proactively identify potential risks.
Gartner recognized Okta as a Leader in the 2024 Gartner Magic Quadrant for Access Management for the eighth consecutive year.
FAQs for cybersecurity
Is cybersecurity a growing industry?
Cybersecurity is a growing industry — according to Statista, it has a projected CAGR of 7.58 percent between 2025 and 2029, which will allow it to reach a market value of US$271.9 billion. The largest segment within the cybersecurity market is security services, while cloud security is forecast to experience the fastest growth.
What are the current trends in cybersecurity?
Today's top trends in cybersecurity include improvements in preventing and mitigating attacks against cloud services, growth in internet of things devices, the integration of artificial intelligence and machine learning, multi-factor identification and the increasing threat of deepfakes. Cybersecurity companies addressing these current issues in the market may have an advantage in attracting investor attention.
Which cybersecurity stocks pay dividends?
Very few cybersecurity stocks pay dividends; however, Cisco Systems and Juniper Networks (NYSE:JNPR) are two companies that offer dividend payments to their shareholders. Both pay quarterly dividends, with Cisco sporting an annual dividend yield of 2.7 percent, while Juniper Networks comes in at 2.29 percent. The average annual dividend yield for companies in the overall technology sector is 3.2 percent.
This is an updated version of an article first published by the Investing News Network in 2016.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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08 January
Cybersecurity Market Forecast: Top Trends for Cybersecurity in 2025
In today’s digital world, cybersecurity is not just important — it's essential.
An alarming rise in cyberattacks is fueling demand for cybersecurity solutions; 2024 brought data breaches targeting large corporations such as AT&T (NYSE:T), Fidelity, Dell (NYSE:DELL) and Snowflake (NYSE:SNOW), and in January 2025, the US accused China of hacking into the Office of Foreign Assets Control and the Department of the Treasury.
Not only is the frequency of cyberattacks growing, but they are also costing companies more. In 2023, IBM (NYSE:IBM) found that during the previous year the average data breach cost was US$4.45 million.
A 2024 IBM report reveals that the price of a data breach had risen to US$4.88 million between March 2023 and February 2024, primarily due to business disruptions and post-breach recovery efforts.
With cyber threats becoming increasingly sophisticated and the cost of incidents skyrocketing, what investment opportunities are available for those looking to capitalize on this critical and growing market?
Market research paints a compelling picture. MarketsAndMarkets projects the size of the global cybersecurity market will reach US$298.5 billion by 2028, rising at a compound annual growth rate (CAGR) of 9.4 percent from 2022. Grand View Research sets the bar even higher, projecting a market value of US$500.7 billion by 2030. Both firms highlight emerging opportunities in the areas of artificial intelligence (AI) and machine learning for threat detection and response.
North America, which is currently dominating the cybersecurity market, is poised for continued growth. In the US, Statista projects revenue growth at a CAGR of 7.12 percent between 2025 and 2029.
Meanwhile, Mordor Intelligence estimates Canada’s cybersecurity sector will reach US$24.23 billion by 2030.
AI a double-edged sword for cybersecurity
AI advancements are changing the threat landscape, requiring AI-powered cybersecurity solutions. While AI offers powerful tools to combat cybercrime, it also empowers malicious actors with new and sophisticated methods of attack.
The IBM report highlights a concerning trend: personally identifiable information from customers remains the most common target for cybercriminals. AI amplifies the potential damage that can be caused by personally identifiable information breaches, as attackers now have more tools to leverage this information.
The report also notes that, despite the benefits of AI and automation in reducing breach costs, only 12 percent of organizations say they have fully recovered from a data breach. Experts see AI-powered attacks — along with ransomware, supply chain attacks, deepfakes and cloud jacking — as major cybersecurity threats in the coming years.
The weaponization of AI, such as the use of deepfakes and AI-replicated voices, also poses a growing threat, as Mark Fernandes, global chief information security officer at CAE, emphasized at the Toronto Global Forum. This trend is substantiated in a Financial Times article that examines AI-generated phishing attempts targeting corporate executives.
Additionally, IBM found that shadow data, which is unmanaged data within organizations, was involved in 35 percent of breaches and led to higher costs and longer breach lifecycles. A multi-layered approach combining various technologies and strong data governance practices is crucial for effectively managing shadow data risks.
Modern cybersecurity programs leverage a combination of AI-powered solutions.
AI-driven attack surface management provides continuous visibility into potential vulnerabilities, while AI-powered security information and event management (SIEM) automates threat detection. AI also enhances posture management by enabling automated red-teaming exercises to proactively identify weaknesses.
Palo Alto Networks (NASDAQ:PANW), for example, offers a platform approach with Prisma Cloud, integrating AI across various security domains, including network security, cloud security and security operations. The company projects its security offerings will lead to continued growth in the second quarter of 2025 after expanding its offerings to the industrial sector and acquiring a cloud-based version of IBM’s AI-enabled QRadar SIEM.
For its part, CrowdStrike Holdings (NASDAQ:CRWD) progressively incorporated AI into its SIEM offerings in 2024.
The firm unveiled new AI-powered functions for its Falcon Next-Gen SIEM platform in May 2024, and then upgraded the model in July by integrating generative AI with its Falcon Complete Next-Gen MDR service, which co-monitors the IT environment with data collected by its SIEM system. Despite experiencing a major outage in July caused by a faulty update to the Falcon sensor software, CrowdStrike was named a leader and outperformer in the 2024 GigaOm Radar Report for Ransomware Prevention, with multiple research firms also recognizing it as an innovator in this sector.
In addition, AI can now simulate attacks to identify vulnerabilities. In May 2024, IBM announced new X-Force Red testing services that use generative AI techniques to identify and mitigate vulnerabilities.
AI-driven automation that continuously analyzes security posture and recommends improvements helps ensure optimized defenses. However, organizations must extend their security posture management to encompass the AI models themselves. In AI-powered applications, a rising security risk is prompt injection attacks, where attackers insert malicious instructions to control AI models. Recognizing this need, Cisco Systems (NASDAQ:CSCO) moved to buy Robust Intelligence, a company specializing in protecting AI systems, in September 2024.
According to a press release announcing the deal, the purchase will “serve as a safety layer for Cisco Security Cloud, providing AI applications and models with default protection.”
The power of blockchain in cybersecurity
Blockchain offers unique capabilities for securing data, building trust and enhancing resilience through its secure and immutable record of transactions. Each block in the chain contains transaction data and a unique hash, relying heavily on cryptography to ensure data integrity and prevent tampering. This is particularly crucial in the realm of cryptocurrencies, where encryption prevents double spending and secures the transfer of funds.
This gives blockchain technology major applications in securing digital identities, transactions and supply chains. Recognizing its potential, tech companies are investing in blockchain cybersecurity.
Major tech firms Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Oracle (NYSE:ORCL) and IBM are all making significant contributions to the field of blockchain cybersecurity.
Microsoft’s Azure Confidential Ledger provides a highly secure environment for storing sensitive data, while Amazon, IBM and Oracle all offer enterprise-grade blockchain platforms and services to facilitate the development of secure applications for various use cases, including supply chain management and data sharing.
Companies like privately-held Guardtime are developing solutions to address existing challenges to implementing blockchain with cybersecurity, such as scalability issues faced by traditional blockchains like Bitcoin.
Guardtime’s Keyless Signature Infrastructure (KSI) is based on a special kind of Merkle tree — a data structure that allows for efficient verification of data integrity without needing to download the entire blockchain — called a hash calendar, which only records the hashes of data at specific time intervals.
In addition to drastically reducing storage needs, KSI doesn't rely on a proof-of-work consensus mechanism, eliminating the need for energy-intensive computations without compromising the speed of transaction processing.
The quantum leap in cybersecurity
Quantum computing, an emerging technology, utilizes the principles of quantum mechanics to perform calculations beyond the capabilities of traditional computers.
Quantum computing is based on qubits, which can exist in a state of superposition (being in multiple states at once until measured), unlike classical bits, which can be expressed as either 0 or 1. This allows quantum computers to process more data in less time than it would take traditional computers, giving them the potential to revolutionize cryptography.
Although NVIDIA (NASDAQ:NVDA) CEO Jensen Huang has suggested that “very useful quantum computers” are likely still 20 years away, quantum computing poses both risks and opportunities for cybersecurity.
Dr. Michele Mosca from the University of Waterloo's Institute for Quantum Computing argues that while quantum computing may initially appear to threaten cybersecurity by potentially breaking current encryption, it also presents an opportunity to establish stronger and more resilient security foundations for the digital economy.
Google (NASDAQ:GOOGL), a leader in quantum computing research since 2014, and the first to claim quantum supremacy in 2019, achieved a breakthrough with its Willow quantum processor at the end of 2024, when it demonstrated significantly improved error correction and scalability in quantum computing.
This brought the possibility of potentially breaking current encryption methods closer to reality, and underscored the urgency of developing and implementing quantum-resistant solutions.
While established players such as IBM continue to advance quantum computing with platforms like Qiskit, new entrants like Quantinuum, backed by investors including JPMorgan Chase (NYSE:JPM), are emerging to build quantum computers and develop applications for them. Other companies, such as PQShield, ISARA and SandboxAQ, are developing post-quantum cryptography solutions using mathematical algorithms that are believed to be resistant to attacks from both classical and quantum computers. SandboxAQ, which began as a team within Google, held its latest US$300 million funding round in December, bringing its valuation to US$5.3 billion.
Investor takeaway
The cybersecurity market is a compelling area to watch in 2025. Investors should focus on companies that are adapting to emerging trends, driving innovation and fostering collaboration to protect the future of the digital landscape.
Don’t forget to follow us @INN_Technology or real time updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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