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Zacks Market Edge Highlights: CrowdStrike Holdings, Zscaler, FireEye, Qualys and McAfee

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Zacks Equity Research
·5 min read
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For Immediate Release

Chicago, IL – January 14, 2021 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:

Should You Buy the Cybersecurity Stocks in 2021?

Welcome to Episode #255 of the Zacks Market Edge Podcast.

Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.

This week, Tracey is joined by Zacks Associate Stock Strategist, Dan Laboe, to talk about the cybersecurity stocks.

Cybersecurity has taken center stage again in 2021 after the US government, in Dec 2020, revealed a major hack of various government agencies along with a hack of some private companies.

Analysts expect the industry to grow between 10% and 12% over the next 6 years.

The industry was hotter than the NASDAQ in 2020, with many stocks soaring.

Should investors still get in to start 2021?

5 Cybersecurity Stocks to Watch Right Now

1.       CrowdStrike Holdings CRWD is the darling of cybersecurity stocks. Shares were up 287% over the last year but it now trades at the nosebleed levels. It has a forward P/E of 1061. But sales are expected to jump 78% in 2021 and another 40% in 2022. Is it too hot to handle?

2.       Zscaler, Inc. ZS is another big cap company that is also hot. It reported first quarter fiscal 2021 revenue growth of 52% in Dec 2020. Shares are up 258% in the last year but it remains expensive on a P/E basis as well, with a forward P/E of 536. Is it worth the price?

3.       FireEye, Inc. FEYE was hacked in the big government hack in Dec 2020 yet the shares have surged 66% in the last month. It's trading with a forward P/E of 66. Should it be on your watch list?

4.       Qualys, Inc. QLYS is a $4.8 billion market cap provider of cloud-based security and compliance solutions. In the third quarter of 2020, revenue grew 13%. Shares are up 46% in the last year and now trade with a forward P/E of 40.8. Is this a hidden gem?

5.       McAfee Corp. MCFE only recently went IPO, in Oct 2020 and has a market cap of $8 billion. It specializes in cybercrime, especially for consumers. In the third quarter of 2020, consumer revenue jumped 23%. It's the cheapest of the bunch, with a forward P/E of just 12.7. And it pays a dividend, yielding 2%. Is it a value alternative?

What else should you know about the cybersecurity stocks?

Listen to this week's podcast to find out.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

 

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Qualys, Inc. (QLYS) : Free Stock Analysis Report
 
FireEye, Inc. (FEYE) : Free Stock Analysis Report
 
Zscaler, Inc. (ZS) : Free Stock Analysis Report
 
CROWDSTRIKE HLD (CRWD) : Free Stock Analysis Report
 
McAfee Corp. (MCFE) : Free Stock Analysis Report
 
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