Here are the Cybersecurity stocks in 2022

Cybersecurity tools such as Virtually Private Networks (VPN) help you protect your privacy while you are online. There is a sudden increase of demand for VPNs due to the unfolding geopolitical events.

VPNs hide your IP address and location therefore you become anonymous while on the internet. Investing in stocks related to VPNs can be the best way for you to profit from this online trend.

Should You Buy VPN Stocks?

In February 2022, cybersecurity stocks got a boost when the invasion of Ukraine by Russia began. This came after the Russian president in a statement told America and the rest of Europe not to interfere with the special military operation happening in Ukraine. Sanctions were immediately put on Russia and this has been a concern since it is believed cyber attacks on Western countries will increase.

Also during the COVID-19 pandemic, most companies instructed their employees to work from home. This factor has rapidly increased the demand for computer security products such as VPNs. Workers accessing company’s data from home require tools like VPN to protect themselves from a hack.

The American Congress also handed VPN stocks a boost when a law requiring full disclosure of all hacks and ransom payments be included in the 2022 Omnibus spending bill. This has led to an increase in the demand for cybersecurity products by companies who want to avoid disclosing such events or be subject to penalties for not complying with the new law.

These events have created value for VPN stocks since countries and companies are investing heavily in cybersecurity. In 2022 and 2023 experts predict an 11% growth in cybersecurity spending by companies and individuals.

Best VPN Stocks to Invest in

Data breaches affect how a company will operate, it can lose public trust and this can lead to its downfall. This has led to an increased demand for cybersecurity products such as VPNs. Below are some of the companies that have blossomed and you could invest in:

• NortonLifeLock Inc

It is one of the best cybersecurity companies and its digital security infrastructure is being used by some of the world’s leading organizations. Its main focus is creating VPNs and antivirus. Even though they are a big company, their stock is relatively cheap.

According to their financial data from their first quarterly earnings, Norton is predicted to have good financial times ahead. There was even an unexpected increase in both their revenue and earnings. Currently, Norton pays a dividend of 16%, a good opportunity for income investors.

• Fortinet Inc.

The company is based in California and they specialize in building products like VPNs, firewalls, antivirus software, and more. The financial position of Fortinet has been strong and its share prices have increased over the years. Experts predict an increased ongoing growth for the company.

They have a universal portfolio that has both software services and legacy hardware products. This has made them pivot the industry and adjust to the latest technological trends.

• Check Point Software Technologies Ltd.

This is an Israeli cybersecurity company but it has some of its offices in America. They also provide software and hardware products to companies around the world. Their remote secure access VPN was popular during the COVID-19 pandemic because employees could work on this network securely from home.

Its share price is still affordable for any potential investor. According to their financial report, Check Point stocks have been performing well over the last year. And since the company’s growth is still slow, it is best for long-term investment.

Conclusion

Cybersecurity tools have revolutionized how you use the Internet and due to recent global events, their demand is increasing. When you invest in VPN stocks like the ones mentioned above, a significant return could be coming your way.