An Introduction
Tech stocks began to plummeted last Tuesday, Sept. 3rd, after the ISM manufacturing index reported August figures that came in below consensus expectations. That raised fears about the strength of the economy and increased the chances that the Federal Reserve will cut interest rates.
To avoid duplication and wasting the time of readers familiar with cybersecurity computing, a full description of the category, as presented in my previous article on the subject, is presented here.
The Pure-Play CyberSecurity Software Stocks Portfolio
The 5 largest pure-play cyber security software stocks (i.e. +$20B in market capitalization) are monitored in our Pure-Play CyberSecurity Software Stocks Portfolio and below are how they performed last week, in descending order, in August, and YTD, along with their market capitalizations, and the most recent news, analyses and commentary on some of them.
- Fortinet (FTNT): DOWN 2.0% last week; UP 31.7% in August; UP 28.4% YTD
- Market Capitalization: $57.5B
- Most Recent News, Analyses, and Commentary:
- Check Point Software Technologies (CHKP): DOWN 2.1% last week; UP 4.9% in August; UP 23.3% YTD
- Market Capitalization: $21.3B
- Most Recent News, Analyses, and Commentary:
- Palo Alto Networks (PANW): DOWN 7.4% last week; UP 11.7% in August; UP 13.8% YTD
- Market Capitalization: $109.3B
- Most Recent News, Analyses, and Commentary:
- CrowdStrike Holdings (CRWD): UP 2.1% last week; UP 19.5% in August; DOWN 3.5% YTD
- Market Capitalization: $60.4BMost
- Recent News, Analyses, and Commentary:
- Zscaler (ZS): DOWN 21.6% last week; UP 11.5% in August; DOWN 29.2% YTD
- Market Capitalization: $23.7B
- Most Recent News, Analyses, and Commentary:
Summary
On average, the above 5 pure-play cybersecurity software stocks went DOWN 9.6% last week, UP 14.6% in August, and are UP 5.1% YTD. The constituents have an average market capitalization of $54.4B.
Cybersecurity ETF
Investing in a basket of cyber security stocks is a quick and easy way to get investment portfolio exposure to this critical segment of the tech sector. The Global X Cybersecurity ETF (BUG), for example, consists of 31 stocks and has an expense ratio of 0.51%.
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