Home Business (CISO), (CRWD) – Cybersecurity Gaining Momentum On Russia-Ukraine Developments: The Stocks To Watch

(CISO), (CRWD) – Cybersecurity Gaining Momentum On Russia-Ukraine Developments: The Stocks To Watch


Russia’s invasion of Ukraine has raised concerns about cyberattacks to a fever pitch. In the United States, banks and major corporations are reinforcing up their cybersecurity protocols in the anticipation of a greater number of hacking attempts. 

“With the Ukraine conflict now front and center and poised to widen, we expect a surge of cybersecurity attacks from Russia state-sponsored organizations that could change the game for US/European enterprises and governments over the coming months,” Wedbush tech analyst Dan Ives said last week.

“With a significantly elevated level of cyberattacks now appearing on the horizon, we believe added growth tailwinds for the cybersecurity sector and well positioned vendors should be a focus sector for tech investors during this market turmoil,” the analyst added. 

While no specific warning exists, the current geopolitical situation serves as a reminder that threats of war can extend beyond just land, sea and skies. 

Benzinga has gathered a list of cybersecurity stocks by class that investors should watch as the Russia-Ukraine conflict develops.

Cloud based:

  • Cyren Ltd (NASDAQ: CYRN
  • Palo Alto Networks Inc (NASDAQ: PANW
  • Mandiant Inc (NASDAQ: MNDT
  • Crowdstrike Holdings Inc (NASDAQ: CRWD)
  • Okta Inc (NASDAQ: OKTA

Critical infrastructure:

  • Data Storage Corp (NASDAQ: DTST
  • Ironnet Inc (NYSE: IRNT
  • Fortinet Inc (NASDAQ: FTNT

Network Security: 

  • Cerberus Cyber Sentinel Corp (NASDAQ: CISO
  • Zscaler Inc (NASDAQ: ZS)

Application security:

  • SentinelOne Inc (NYSE: S
  • Cyberark Software Ltd (NASDAQ: CYBR)

Cybersecurity experts say even though there could be threats to individual Americans, the main concern is at the federal level. They indicate the most vulnerable groups are non-profit organizations, which often lack the funding to invest in cybersecurity.

Also Read: 4 Little-Known Cybersecurity Stocks To Watch As Systems Prepare For Russian Attacks

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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