As life becomes more and more digitally focused, cybersecurity becomes an increasingly important product on the market. And as that occurs, cybersecurity stocks are going to be increasingly important to the tech stocks sector. That means lucrative opportunities for you in cybersecurity stocks.

Plenty of high publicity cyberattacks have occurred in recent times against individuals, corporations and even governments. Cybersecurity companies like Palo Alto Networks and Fortinet are required to investigate the attacks that have occurred. And, more importantly, prevent future attacks from happening. Here are some statistics:

• Global spending on cybersecurity could hit the trillions by 2025.  
• Data breaches exposed 22 billion records in 2021.
• 57% of companies see daily or weekly phishing attempts.

There are many similar statistics to be found. It’s no wonder that cybersecurity stocks have become so popular. But which ones you should be keeping an eye on?

We’ve done the work so you don’t have to. Here are 12 cybersecurity stocks to watch to keep in mind as you protect your fortunes. 

Top Cybersecurity Stocks List of 12 Companies

With that said, let’s take a deeper dive into four companies that we believe are especially worth watching right now:

Palo Alto Networks (NYSE: PANW)

Palo Alto Networks is a cybersecurity stock mostly known for cutting-edge firewalls. These have won the cybersecurity company much acclaim. But in the age of cloud computing, traditional network protection is no longer enough. In fact, the cloud-based cybersecurity market is expected to grow by approximately 21% per year for the next couple of years.

And the Santa Clara-based Palo Alto Networks isn’t standing pat. Nor is it allowing the competition to just move in. They have been expanding into cybersecurity solutions that are tailored for enterprise-level cloud-based computing. These include but extend beyond mere firewalls. And, the firm has also been investing heavily in artificial intelligence (AI) platforms.

Since its inception, Palo Alto has been quite a success story. They currently do work for 65,000 enterprise-level clients around the globe. These include many Fortune 500 companies. As a result, the stock has been one of the most consistent performers in the cybersecurity space.

Crowdstrike Holdings Inc. (Nasdaq: CRWD)

Crowdstrike Holdings is a cybersecurity stock that offers its clients endpoint security, threat intelligence and cyber attack response services. Crowdstrike’s clients include industries like finance, healthcare and energy. High profile clients include Amazon Web Services (AWS), Goldman Sachs and the Massachusetts Institute of Technology. They also have been running cybersecurity investigations for the United States government.
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Crowdstrike’s main platform is called the Falcon. It uses a cloud structure to protect endpoints using AI technology. This AI tech includes machine learning and other innovations. It unifies antivirus protection, endpoint detection and response (EDR), IT hygiene, managed threat hunting, and threat intelligence.

The company, which was founded in 2011, matured for eight years before its IPO. The stock has not faired well overall. After hitting a $239 high in April, the cybersecurity stock has tumbled slightly. But it’s climbed steadily back up since the drop off in May.

The company has seen very strong revenue growth over the last few years. And that is great reason for optimism. But, the bottom line about the bottom line is that this company is still likely far away from profitability. The company could be a solid longer term play if:

1. Revenue growth continues to be robust.
2. The company is able to reign in some of the costs.

.Fortinet (Nasdaq: FTNT)

Another cybersecurity stock from sunny Sunnyvale, California, Fortinet creates and markets cybersecurity software, apps and services. Some of these include firewalls, endpoint security, intrusion prevention and anti-virus programs.

The company’s security fabric includes security processors, an intuitive operating system and applied threat intelligence. Fortinet’s flagship enterprise firewall platform is called Fortigate. It works with a variety of similar products to simplify security infrastructure. The majority of Fortune 500 companies are customers.

And Fortinet’s stock has performed well throughout its lifespan. Though some years have been better than others. And despite some volatility in the stock price, it’s up over 50% from 2020.

It’s now trading around $50, falling from around $68 at the beginning of the year. Second quarter financials showed total revenue of $1.03 billion. That’s up 29% year-over-year. And the company touts a 24.8% operating margin.