Cybersecurity has been in the news a lot recently. First we had the Colonial Pipeline hack back in May, and then McAfee Antivirus founder John McAfee committed suicide this past week.
McAfee was an over-the-top, outlandish sort of character who lived a crazy life, and he apparently was also involved in some illegal stuff. He was arrested in Spain and when he found out he was going to be extradited to the U.S., he killed himself.
But he founded McAfee back in the ’90s and it was one of the first antivirus software companies when the internet was this brand-new thing.
All these years later, cybersecurity is still a growing industry that’s here to stay. So with these big news items at the forefront, it’s a great time to talk about the best cybersecurity stocks to buy.
McAfee Corp. (Nasdaq: MCFE) is a publicly listed company again after a new IPO back in October 2020. The company was publicly traded back in the 1990s but went private again. The stock came out valued around $20 a share before falling into the mid-teens.
But since late December, it’s taken off, working its way back up above $28 earlier this week…
So this cybersecurity stock to buy has basically doubled in six months, and that doesn’t happen just by accident. It’s proof that big money is piling into this section of the market.
And there are many reasons for this. I mentioned the pipeline hack… There also was an email hack at Microsoft, Target has been hacked, the major credit monitoring companies like Experian and TransUnion, they spend tens of millions if not hundreds of millions of dollars every year on cybersecurity.
Every company, every government entity, they all need cybersecurity systems in place.
The second name on my list is an ETF that tracks these names, so check out my short video and let’s chat about six cybersecurity stocks to buy…
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