Published on 24 Aug 2021 on Zacks via Yahoo Finance
3 Security Stocks to Keep an Eye On in a Challenging Industry
The Zacks Security industry is benefiting from solid demand for cybersecurity offerings, as well as the heightening need for secure networks and cloud-based applications amid the pandemic-induced remote-working and online learning wave. Companies in this space are benefiting from rising demand for IT security solutions owing to the surging number of data breaches. Increasing requirement for privileged access security on the back of digital transformation and cloud migration strategies are also fueling demand for cybersecurity solutions. Industry participants like Qualys QLYS, Proofpoint PFPT and Radware RDWR are gaining from the aforementioned trends. However, emergence of the Delta variant strain and spike in infection rates across several parts of the world, resulting in stringent lockdowns, might affect recovery in IT spending. Also, lingering impacts of the coronavirus pandemic-led business volatility are a concern.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Radware Ltd. (RDWR) : Free Stock Analysis Report Qualys, Inc. (QLYS) : Free Stock Analysis Report Proofpoint, Inc. (PFPT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research