The 2016 U.S. election sent shockwaves through the world and inspired a backlash from those who were convinced that Russian interference played a key role in the result. Indeed, there has been a bipartisan push to pressure social media companies to stamp out "bad actors". At the Aspen Security Forum in July, Microsoft executive Tom Burt said that phishing attacks had already been carried out against three midterm campaigns.
Identifying the source of these attacks is tricky work. In any case, the demand for cyber protection will only grow in the public and private sector as we move forward. With that in mind, let’s look at three cyber security stocks to target ahead of the big November vote.
FireEye (NASDAQ:FEYE) is an enterprise cybersecurity company that provides services to protect against threats, spear phishing, and also offers a variety of products. Shares have jumped 5.6% over the past month as of close on August 30 and the stock is up 15% in 2018.
Fortinet (NASDAQ:FTNT) is a cybersecurity vendor that develops and sells network security solutions. The stock has surged 32% month-over-month and has climbed 90% in 2018. The company posted 21% revenue growth compared to the prior year in the second quarter.
CyberArk Software (NASDAQ:CYBR) is an Israel-based software solutions provider. Shares have surged 20% over the past month and the stock has increased 77% in 2018. Total revenues rose 35% year-over-year in the second quarter to $77.7 million.
