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8 Stocks for the Cybersecurity Boom: Goldman

8 Stocks for the Cybersecurity Boom: Goldman

Cybersecurity stocks are up 24% on the year, about five times the gain of the S&P 500, as indicated by the ISE Cybersecurity Index (HXR). A report last week from Goldman Sachs suggests there remains potential upside for a number of cybersecurity stocks, including Qualys Inc. (QLYS), CyberArk Software Ltd. (CYBR), Fortinet Inc. (FTNT), Imperva Inc. (IMPV), Proofpoint Inc. (PFPT), KEYW Holding Corp. (KEYW), Cisco Systems Inc. (CSCO), and Verisign Inc. (VRSN). As security becomes the top priority for corporate America in the lead up to the midterms, Goldman analysts write that “a rise in allocation to security spending in anticipation of potential threats would boost the top-line of cybersecurity stocks.” (To read more, see: 18 Midterm Election Year Stock Picks).