-3.46%
last session
Amazon is under pressure as a potential FTC antitrust lawsuit over its advertising practices could trigger billions...
Sourcecnbc.com - Jun 17
Cybersecurity Stocks
TechnologyGrowthInnovation
Network security, endpoint detection, identity management, and cloud security — the companies defending the digital perimeter. The universe is dominated by Security Platforms (94%) and Network Security (3%), outperforming SPY by 2.6 percentage points YTD.
YTD Return
+11.1%
+2.6 pts vs SPY
13 of 27 beat SPY
1-Month Return
+2.0%
+1.7 pts vs SPY
Universe Size
27 Stocks
Curated theme basket
Market Cap
$13.15T
Total capitalization
Theme Performance
Cybersecurity Stocks Performance vs SPY and QQQ
Track Cybersecurity Stocks without checking every day
Weekly updates on performance, valuation changes, and key movers.
Theme Composition
Cybersecurity Stocks Breakdown
Composition last reviewed
As of Jun 1, 2026
Categories reflect each company's primary theme role. Some companies may have exposure to multiple segments.
Theme Overview
Cybersecurity Stocks Overview
A summary of how the theme breaks down across business segments and where concentration risk lives.
Selected Stocks
27
in theme
Total Market Cap
$13.15T
combined
Highly Concentrated
The top 2 segments (Security Platforms & Network Security & Endpoint & XDR & Identity Security) represent 97.3% of this theme by market cap.
Top Cybersecurity Stocks Stocks
Top Cybersecurity Stocks Stocks by Segment, Performance, and Valuation
GOOGL
Alphabet Inc.
Price$363.79
Mkt Cap-
YTD+15.4%
Rev G17.5%
MSFT
Microsoft Corporation
Price$378.91
Mkt Cap-
YTD-19.9%
Rev G17.9%
AMZN
Amazon.com, Inc.
Price$237.50
Mkt Cap-
YTD+4.9%
Rev G14.2%
AVGO
Broadcom Inc.
Price$392.89
Mkt Cap-
YTD+13%
Rev G36.3%
CSCO
Cisco Systems, Inc.
Price$117.33
Mkt Cap-
YTD+54.3%
Rev G9.2%
IBM
International Business Machines Corporation
Price$262.35
Mkt Cap-
YTD-10%
Rev G9.7%
PANW
Palo Alto Networks, Inc.
Price$282.13
Mkt Cap-
YTD+57.3%
Rev G19.5%
CRWD
CrowdStrike Holdings, Inc.
Price$682.96
Mkt Cap-
YTD+50.6%
Rev G23.2%
FTNT
Fortinet, Inc.
Price$144.14
Mkt Cap-
YTD+85.1%
Rev G15.7%
DDOG
Datadog, Inc.
Price$226.63
Mkt Cap-
YTD+69.4%
Rev G29.5%
| # | Chart (YTD) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | GOOGL Alphabet Inc. | $363.79 | $4.4T | +15.4% | -8.4% | 33.7 | 17.5% | |
| 2 | MSFT Microsoft Corporation | $378.91 | $2.81T | -19.9% | -10.5% | 27.8 | 17.9% | |
| 3 | AMZN Amazon.com, Inc. | $237.50 | $2.55T | +4.9% | -10.3% | 33.1 | 14.2% | |
| 4 | AVGO Broadcom Inc. | $392.89 | $1.87T | +13% | -6.6% | 82.4 | 36.3% | |
| 5 | CSCO Cisco Systems, Inc. | $117.33 | $462.45B | +54.3% | -1.3% | 46.0 | 9.2% | |
| 6 | IBM International Business Machines Corporation | $262.35 | $246.09B | -10% | +17.8% | 23.5 | 9.7% | |
| 7 | PANW Palo Alto Networks, Inc. | $282.13 | $192.27B | +57.3% | +14% | 176.3 | 19.5% | |
| 8 | CRWD CrowdStrike Holdings, Inc. | $682.96 | $173.86B | +50.6% | +10.4% | -1050.7 | 23.2% | |
| 9 | FTNT Fortinet, Inc. | $144.14 | $106.65B | +85.1% | +13.9% | 59.3 | 15.7% | |
| 10 | DDOG Datadog, Inc. | $226.63 | $80.67B | +69.4% | +8.5% | 755.4 | 29.5% |
Showing 10 of 27 stocks
Daily Intelligence
Yesterday in Cybersecurity Stocks
Key headlines and stock-level catalysts from the last trading session.
Last session recap is current.
End-of-day analysis published after market close. Next update after Jun 18, 2026 market close.
Session Brief
Jun 17, 2026Cybersecurity demand is accelerating with AI‑driven security and agentic frameworks. CrowdStrike’s leadership in extended detection and response, Datadog’s trending position, and Okta’s AI momentum are key catalysts. Fortinet’s new FortiSOC and Elastic’s strong EDR performance add upside, while Cloudflare’s recent decline signals weakness in some cloud‑security plays.
Key Drivers
Stock-Level Catalysts
Sentiment reflects catalyst narrative, not price direction - a stock can close lower while the fundamental driver is bullish.
+4.29%
last session
AVGO is gaining traction from rising demand for custom AI chips and data‑center connectivity, positioning it to cap...
Sourcefool.com - Jun 16
+0.51%
last session
CrowdStrike’s recent recognition as a leader in Extended Detection and Response, the launch of its Falcon AI contro...
Sourcegurufocus.com - Jun 16
-1.94%
last session
Datadog (DDOG) is gaining momentum after multiple analyst upgrades and positive market chatter, with its stock tren...
Sourcezacks.com - Jun 16
-3.12%
last session
IBM's stock has dropped 16% to $268 amid concerns that enterprises lack control over AI and are becoming overly dep...
Sourcegurufocus.com - Jun 16
Updated after market close
Jun 17, 2026
Valuation Pulse
Are Cybersecurity Stocks cheap or expensive right now?
DCF valuations and Wall Street ratings across the theme.
Data as of Jun 18, 2026 (EOD)
27 stocks in theme - 23 with full coverage
DCF Valuation
(Intrinsic Value)23
of 27
covered
Undervalued
6(26%)
Fair Value
3(13%)
Overvalued
14(61%)
Top DCF Upside (Undervalued Only)
View all
Wall Street Consensus
(Price Targets)27
of 27
covered
Buy / Strong Buy
19(70%)
Hold
8(30%)
Sell / Strong Sell
0(0%)
Coverage Snapshot
Consensus is based on 27 stocks with analyst price targets. DCF analysis is based on 23 stocks with intrinsic value estimates.
Valuation Distribution
(27 covered stocks)Theme Valuation Score
2.7
Fair
Scale: 1 (Cheap) to 5 (Expensive)
1
Bargain
4 stocks (15%)
>= +30%
2
Cheap
6 stocks (22%)
+10% to +30%
3
Fair
13 stocks (48%)
-10% to +10%
4
Expensive
2 stocks (7%)
-25% to -10%
5
Very Expensive
2 stocks (7%)
<= -25%
Valuation score blends Wall Street target upside at 65% weight and DCF upside at 35% weight when both are available; single-source covered stocks use the available signal. Higher score means more expensive.
Earnings Calendar
Upcoming Earnings in Cybersecurity Theme
Companies reporting in the next 30 days. Earnings dates and estimates can change as reports approach.
No earnings scheduled
No earnings scheduled in the next 30 days.
Earnings calendar updates as reporting dates are confirmed.
Research & Methodology
How to evaluate Cybersecurity Stocks
Methodology, investment thesis, and key risks for this theme.
Show DetailsHide Details
Research & Methodology
How to evaluate Cybersecurity Stocks
Methodology, investment thesis, and key risks for this theme.
How we evaluate these stocks
Our methodology
We compare security platforms, endpoint vendors, identity, cloud security, network security, and analytics companies by growth durability, margin quality, product breadth, and valuation.
- Recurring revenue and renewal strength
- Platform consolidation versus point-product risk
- Cloud, identity, endpoint, and network exposure separated
- Free cash flow and operating margin quality
- Valuation checked against growth deceleration risk
Investment thesis
Why this theme exists
Security spending is mission-critical as companies move workloads to cloud, adopt AI, and face more complex attacks. The best vendors can become long-term platforms rather than one-off tools.
- Cloud migration expands the security surface
- AI increases both attack and defense complexity
- Identity and zero-trust demand remains strategic
- Platform vendors can consolidate security budgets
- High gross margins can support durable cash flow
Key risks
What could go wrong
Cybersecurity demand is durable, but stocks can still fall sharply when growth slows. Competition, budget consolidation, and high multiples are the main investor risks.
- Growth deceleration can compress premium multiples
- Large platforms can bundle security features
- Customer consolidation can pressure point products
- Sales cycles can lengthen in weak IT budgets
- Execution risk rises during platform transitions
FAQ
Frequently asked questions
Common questions investors have about the Cybersecurity Stocks theme.
01What are cybersecurity stocks?
Companies whose revenue is materially driven by protecting networks, endpoints, identities, data, and cloud infrastructure from digital threats. Spans firewall vendors (PANW, FTNT), endpoint platforms (CRWD, S), identity providers (OKTA, CYBR), cloud security (ZS), and mega-cap platforms building security as a major product line.
02What are the best cybersecurity stocks to invest in?
Palo Alto Networks (PANW) and CrowdStrike (CRWD) are the two largest pure-plays pursuing platform consolidation. Fortinet (FTNT) leads in firewall economics with highest operating margins. Zscaler (ZS) dominates cloud-native zero-trust. CyberArk (CYBR) leads privileged access management. Each has different growth, margins, and valuation — compare them in the table.
03CrowdStrike vs Palo Alto Networks — which is the better cybersecurity stock?
The defining debate in cybersecurity. PANW is executing platformization with free trials to drive ARR consolidation — accepts near-term billings headwinds. CRWD built its platform from endpoint outward with one of the highest net dollar retention rates in SaaS. PANW trades at lower multiple; CRWD trades at premium but delivers more consistent acceleration. Compare growth, margins, and multiples.
04Are cybersecurity stocks recession-proof?
Recession-resistant, not recession-proof. Security spend is harder to cut than marketing (breach cost exceeds annual security budget), but budget compression still happens: longer deal cycles, smaller contracts, delayed expansion. The group held up better than most growth software in 2022-23 but still de-rated on multiple compression.
05What is the Rule of 40 and why does it matter for cybersecurity stocks?
Rule of 40: revenue growth + operating margin should equal at least 40%. A company growing 25% with 20% margin scores 45 (strong). Growing 35% with -5% margin scores 30 (buying growth expensively). Companies scoring above 40 with improving margins typically command premium multiples. Both metrics are in the table for every name.
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