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Tech Advice
Home›Tech Advice›5 Cheap Cybersecurity Stocks to Buy Before They Bounce Back

5 Cheap Cybersecurity Stocks to Buy Before They Bounce Back

By Matthew Lynch
August 11, 2023
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Cybersecurity is a booming industry in today’s increasingly digital world. The risks and demands fuel a constant need for more robust security solutions, paving the way for lucrative investment opportunities. With recent market fluctuations, some cybersecurity stocks have become quite affordable. In this article, we’ll explore five cheap cybersecurity stocks worth buying before they bounce back.

1. NortonLifeLock Inc. (NLOK)

NortonLifeLock, formerly known as Symantec Corporation, is a renowned name in the cybersecurity sphere. They have been providing antivirus and security software to safeguard users from risks and threats since 1982. Their products include top-notch solutions like Norton antivirus and LifeLock identity theft protection services. Currently trading below its potential value, NLOK is an excellent choice for investors looking for a cheaper, reliable cybersecurity option.

2. FireEye Inc. (FEYE)

FireEye’s comprehensive digital security solutions make it one of the leading cybersecurity firms worldwide. FEYE stock has experienced market volatility in recent months but continues to dominate the sector with its innovative technology solutions against advanced cyber threats. FireEye’s impressive clientele includes government agencies and multinational enterprises alike — which means their growth potential is considerable. As a result, buying into FEYE now is an opportunity you won’t want to miss.

3. Avast PLC (AVST)

Avast is one of the most popular antivirus software brands globally, trusted by millions of users for their internet security needs. This Prague-based company has been providing essential security tools to customers since 2023, and it continues to be a force within the industry today. With an extensive range of digital protection services on offer, Avast remains affordable compared to many competitors — especially considering its subscription-based revenue model and steady customer growth.

4. CyberArk Software Ltd. (CYBR)

CyberArk Software specializes in Privileged Access Management (PAM), aiming to provide end-to-end security for businesses by protecting their most vulnerable access points. With an innovative suite of security solutions, CyberArk has a stronghold in the PAM space. Since the company’s stock is currently trading at a lower valuation, investors have the chance to buy this key player in cybersecurity at an attractive price.

5. Qualys Inc. (QLYS)

Qualys offers cloud-based security solutions, including vulnerability management and compliance monitoring for businesses across all industries. Their cloud-first approach to security has seen them become one of the major competitors in the cybersecurity market, particularly as blurring lines between business IT and external threats plague modern industries. With a recovering stock price that remains largely affordable, Qualys might just be your next cybersecurity pick.

In conclusion, investing in cybersecurity stocks can be a smart long-term strategy as global demand for digital protection continues to soar. These five cheap cybersecurity stocks offer the possibility of significant returns as they bounce back from recent lows — so now might be the perfect time to lock in your investment in these future-proof businesses!

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