15 Best Cyber (Internet) Security Stocks 2023

Growing up in an entrepreneurial family, you get conversant with what it takes to build/run a business early on. As an excellent learner, you also get to know what is required for a business to not just survive but thrive and one of those key requirements is SECURITY.

As a child, I remember when my dad’s shop was burnt to the ground by some bad elements among the locals he had issues with. The story even made it to the local newspapers, and when the dust settled, we had to relocate to another town and he started over again.

He was running a business in an area that lacked adequate security, and it doesn’t matter how hard or smart he had worked when the bad guys came, years of work was erased in one night.

Every business needs adequate security, and not just businesses, individuals, government organizations, and NGOs  NEEDS SECURITY and are PAYING premiums for it.

We are living in a different world today than when I was a child and in today’s world, our operations are majorly carried out in cyberspace (a.k.a. the internet).

For protection in the cyber world, we all (individuals, businesses, government organizations, and NGOs) need CYBERSECURITY. And in 2022, the premiums we are paying on cybersecurity exceeded $170 billion.

Checkout: 10 Top Big Data/Data Analytics Stocks for 2023

According to a report by Grand View Research, the “cybersecurity market size is expected to register a cumulative average growth rate of 10.9% from 2021 to 2028… the rapid increase in vulnerabilities, threats, frauds, and risks has compelled businesses to modify strategic measures to counter cyberattacks, subsequently driving the market growth”.

As the cyber world grows larger so does the cybersecurity market and as a growth investor who believes that the internet will continue growing significantly, an investment in cybersecurity stocks is promising. And I hope you are paying your premiums for cybersecurity?

If you’re interested in investing in cybersecurity stocks, here are 15 cybersecurity companies to consider buying:

1. Zscalar (ZS)

Zscaler, Inc. operates as a cloud security company worldwide.

The company provides Zscaler Internet Access solution that provides users, servers, operational technology, internet of things, and device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers and private or public clouds.

It also offers Zscaler Digital Experience that measures end-to-end user experience across key business applications, providing an easy-to-understand digital experience score for each user, application, and location within an enterprise.0

 In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as to prevent application compromise and reduce the risk of data breaches.

Its platform includes Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Nanolog Server modules. Zscaler, Inc. serves customers in various industries, such as airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services.

The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was founded in 2007 and is headquartered in San Jose, California.

2. Splunk (SPLK)

Splunk Inc. provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally.

The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities.

 It also provides Splunk Solutions, such as Splunk Security solutions that enable cybersecurity teams to streamline the security operations workflow, accelerate threat detection and response, enhance threat visibility, and scale resources to increase analyst productivity through machine learning and runbook-driven automation; Splunk IT Solutions that provide IT Operations teams visibility and control across cloud and on-premises environments; and Splunk Observability Solutions for building and maintaining infrastructure and applications.

In addition, the company offers Ecosystem Solutions, which includes pre-built data inputs, workflows, searches, reports, alerts, custom dashboards, flexible UI components, custom data visualizations, and integration actions and methods, as well as Splunk On-Call, Splunk Infrastructure Monitoring, and Splunk Phantom solutions, which provides APIs, SDKs, and other interfaces that enable its ecosystem, including third-party developers, partners, and customers to build content that configures and extends Splunk solutions to accommodate specific use cases.

Further, the company provides adoption and implementation services, education services, and maintenance, and customer support services.

 It sells its offerings directly through the field and inside sales, and indirectly through various routes to market with various partners.

Splunk Inc. was incorporated in 2003 and is headquartered in San Francisco, California.

3. Cisco Systems (CSCO)

Cisco Systems, Inc. designs, manufactures and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China.

It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

The company also offers collaboration products comprising unified communications, Cisco TelePresence, and conferencing, as well as the Internet of Things and analytics software.

In addition, it provides security products, such as network security, cloud, and email security, identity and access management, advanced threat protection, and unified threat management products; and cloud and system management products.

Further, the company offers a range of service and support options for its customers, including technical support and advanced services.

It serves businesses of various sizes, public institutions, governments, and service providers.

The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors.

Cisco Systems, Inc. has strategic alliances with Internet2 to deliver next-generation capabilities and software solutions; and Tele2 IoT on connectivity management platform 2CONTROL.

Cisco Systems, Inc. was founded in 1984 and is headquartered in San Jose, California.

4. CrowdStrike Holdings (CRWD)

CrowdStrike Holdings, Inc. provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom.

 It offers 19 cloud modules on its Falcon platform through software as a service subscription-based model that covers various security markets, such as corporate workload security, security, and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

The company primarily sells its platform and cloud modules through its direct sales team.

CrowdStrike Holdings, Inc. was incorporated in 2011 and is headquartered in Sunnyvale, California.

5. Palo Alto Networks (PAN W)

Palo Alto Networks, Inc. provides cybersecurity platform solutions worldwide.

The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances and software deployed on an end-customer’s network as a virtual or a physical appliance; and virtual system upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

It also offers subscription services covering the areas of threat prevention, uniform resource locator filtering, malware and persistent threat, laptop and mobile device protection, and firewall, as well as cyberattacks, threat intelligence, and data loss prevention.

In addition, the company provides professional services, including architecture design and planning, configuration, and firewall migration, as well as online and in-classroom education training services, as well as support services.

 Palo Alto Networks, Inc. sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications.

 The company was founded in 2005 and is headquartered in Santa Clara, California.

6. Okta (OKTA)

Okta, Inc. provides an identity management platform for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally.

 The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; and Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials.

 It also provides Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for cloud, mobile, and Web applications, as well as for data; Lifecycle Management, which enables IT organizations or developers to manage a user’s identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Advanced Server Access to secure cloud infrastructure; and Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications.

In addition, the company offers customer support and training, and professional services. Okta, Inc. sells its products directly to customers through a sales force, as well as through channel partners.

The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

7. Fortinet (FTNT)

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration.

The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides a central and scalable management solution for its FortiGate products.

It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection.

The company provides security subscriptions, technical support, professional, and training services.

It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has a strategic alliance with Linksys.

The company was founded in 2000 and is headquartered in Sunnyvale, California.

8. CyberArk Software (CYBR)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally.

Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager, which combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS service that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces the risk that arises from excessive privileges by implementing least privilege across cloud environments.

The company also offers robust Identity and Access Management as a Service that provides artificial intelligence-based and security-first approaches to manage identities, such as workforce identity, which offers adaptive multi-factor authentication (MFA), single sign-on, application gateway, identity lifecycle management, and directory services; and customer identity services that provide authentication and authorization services, MFA, directory, and user management to enable organizations to provide their customers with easy and secure access to websites and applications.

In addition, it offers Secrets Manager Credential Providers to provide and manage the credentials used by third-party solutions; and Secrets Manager Conjur for cloud-native applications.

The company offers its products to financial services, manufacturing, insurance, healthcare, energy and utilities, transportation, retail, technology, and telecommunications industries; and government agencies through direct sales force, as well as distributors, systems integrators, value-added resellers, and managed security service providers.

CyberArk Software Ltd. was founded in 1999 and is headquartered in Petah Tikva, Israel.

9. Dynatrace (DT)

Dynatrace, Inc. provides a software intelligence platform for dynamic multi-cloud environments.

It operates Dynatrace, a software intelligence platform for running and optimizing applications and services.

The company’s products include AppMon that works in various application environments, such as Java, .NET, PHP, Node.js, GoLang, SQL, NoSQL, CICS, IMS, AWS Lambda, Google Cloud Functions, and Microsoft Azure Functions; and Classic Real User Monitoring. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.

The company also offers implementation, consulting, and training services. Dynatrace, Inc. markets its products through a combination of the direct sales team and a network of partners, including resellers, system integrators, and managed service providers.

 It serves customers in various industries comprising banking, insurance, retail, manufacturing, travel, and software.

The company operates in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Dynatrace, Inc. was founded in 2005 and is headquartered in Waltham, Massachusetts.

10. Atlassian Corp. (TEAM)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide.

Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication.

 The company also provides Confluence, a remote-friendly team workspace used to build, organize, and collaborate on work virtually for team content creation and sharing; and Trello, a collaboration product, that manages projects, organizes tasks, and builds team spirit for capturing and adding structure to fluid, fast-forming work for teams.

In addition, it offers Bitbucket for code sharing and management; and various other products, such as Atlassian cloud apps, Bamboo, Crowd, Crucible, Fisheye, Halp, Sourcetree, and Statuspage.

Atlassian Corporation Plc was founded in 2002 and is headquartered in Sydney, Australia.

11. Ping Identity Holding Crop. (PING)

Ping Identity Holding Corp. provides intelligent identity solutions for the enterprise in the United States and internationally.

Its Ping Intelligent Identity Platform provides customers, workforce, and partners with access to the cloud, mobile, Software-as-a-Service, and on-premise applications.

The company’s platform offers solutions, such as secure single sign-on; multi-factor authentication; security control for applications and APIs, or access security; personalized and unified profile directories; data governance to control access to identity data; and artificial intelligence and machine learning powered API security.

Its customers include enterprises in Fortune 100, U.S. banks, healthcare companies, aerospace companies, auto manufacturers, and North American retailers.

The company was formerly known as Roaring Fork Holding, Inc. and changed its name to Ping Identity Holding Corp. in August 2019.

Ping Identity Holding Corp. was incorporated in 2016 and is headquartered in Denver, Colorado.

12. Proofpoint (PFPT)

Proofpoint, Inc. operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide.

It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent drive-by downloads, malicious web links, hybrid threats, malware-free attacks, and other penetration tactics.

The company also provides integrated email security, cloud security, threat protection products, information protection and archiving, and digital risk protection product services.

 In addition, it offers solutions that enable secure business-to-business and business-to-consumer communications; email encryption services that encrypt sensitive emails and deliver them to PC or mobile device; file-transfer solutions for end-users to share various forms of documents and other content; security optimized cloud architecture solutions; and security-as-a-service platform consisting of solutions, platform technologies, and infrastructures.

The company serves governments, education, financial services, and healthcare sectors; small and medium businesses; and mobile operators and Internet service providers.

 Proofpoint, Inc. has a partnership with Relativity ODA LLC to integrate Proofpoint platform with Relativity Trace to deliver an end-to-end archive and communication surveillance solution.

The company was incorporated in 2002 and is headquartered in Sunnyvale, California. As of August 31, 2021, Proofpoint, Inc. was taken private.

13. SentinelOne (S)

SentinelOne, Inc. operates as a cybersecurity provider in the United States.

 Its Singularity Platform delivers artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization’s endpoints, and cloud workloads, enabling seamless and automatic protection against a spectrum of cyber threats.

The company was formerly known as Sentinel Labs, Inc. and changed its name to SentinelOne, Inc. in March 2021. SentinelOne, Inc. was incorporated in 2013 and is headquartered in Mountain View, California.

14. Mimecast (MIME)

Mimecast Limited provides cloud security and risk management services for corporate information and email.

The company offers Mimecast Email Security solution, which protects against the delivery of malware, malicious URLs and attachments, spam, viruses, impersonation attacks, phishing, and spear-phishing attacks, including business email compromise, identity theft, extortion, fraud, and other attacks, while also preventing data leaks and other internal threats, as well as provides awareness training services.

It also provides Cyber Resilience Extensions, such as Mimecast Enterprise Information Archiving that unifies email data to support e-discovery, forensic analysis, and compliance initiatives; Mimecast Business Continuity and Sync & Recover, which protects email and data against the threat of downtime as a result of system failure, natural disasters, planned maintenance, system upgrades, and migrations; and Mimecast Web Security service that protects against malicious web activity initiated by user action or malware and blocks access to inappropriate websites based on acceptable use policies.

In addition, the company’s Cyber Resilience Extensions also comprise Mimecast Secure Messaging, a secure and private channel to share sensitive information; Mimecast Health Care Pack, which prevents breaches and protects against data exfiltration transmissions; and Mimecast Large File Send that enables employees to create security and compliance risks when they turn to file-sharing services.

Further, it offers Threat Intelligence Dashboard, which displays cyber threat data specific to an organization by identifying users who pose the greatest cyber risk; and Mimecast Mobile and Desktop Apps for mobile, PC, and Mac users, as well as engages in data center operations.

The company sells its services through direct sales and channel partners. Mimecast Limited was founded in 2003 and is headquartered in London, the United Kingdom.

15. Varonis Systems (VRNS)

Varonis Systems, Inc. provides software products and services that allow enterprises to manage, analyze, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally.

Its software enables enterprises to protect data stored on-premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees’ data; financial records; strategic and product plans; and other intellectual property.

The company offers DatAdvantage that captures, aggregates, normalizes and analyzes every data access event for users on Windows and UNIX/Linux servers, storage devices, email systems, and Intranet servers; and DatAlert that profiles users and their behaviors related to systems and data, detects and alerts on deviations that indicate compromise, and provides a Web-based dashboard and investigative interface.

It also provides Data Classification Engine that identifies and tags data based on criteria set in various metadata dimensions, and provides business and information technology (IT) personnel with actionable intelligence about data; and DataPrivilege, which provides a self-service Web portal that allows users to request access to data necessary for their business functions, and owners to grant access without IT intervention.

 In addition, the company offers Data Transport Engine, which provides an execution engine that unifies the manipulation of data and metadata, translating business decisions, and instructions into technical commands, such as data migration or archiving; and DatAnswers that offers search functionality for enterprise data. It sells its products and services through a network of distributors and resellers.

The company serves IT, security, and business personnel. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in New York, New York.