The threat of cyber-attacks is greater now than ever before. Businesses of all sizes are becoming increasingly reliant on technology, and with this comes an increased risk of cyber-attacks and data breaches. This has led to an increased demand for cyber security solutions, leading to a rise in the number of companies focused on providing these solutions.
It is for this reason that investing in cyber security stocks is becoming increasingly popular. In this article, we take a look at 10 of the biggest cyber security stocks based on their size and potential market capitalization by 2023.
First up is Palo Alto Networks (NYSE: PANW). This is a leading provider of firewalls and other security solutions for both large and small businesses. It has grown rapidly since its IPO in 2012, and has seen its market capitalization grow to an estimated $45 billion in 2023. The company is already well established, and its products are highly sought after.
Next up is Symantec (NASDAQ: SYMC). This is one of the oldest players in the cyber security sector, having been established in 1982. The company provides a range of security solutions, including anti-virus software, malicious URL prevention, and network security. This has resulted in its market capitalization estimated to reach $25 billion by 2023.
Third on the list is FireEye (NASDAQ: FEYE). This company focuses on providing threat intelligence, threat detection, and incident response solutions. It has grown rapidly since its IPO in 2013, and is likely to reach a market capitalization of $19 billion by 2023.
Fourth is Forcepoint (NASDAQ: FPT). This company is focused on providing cloud-based security solutions for multiple kinds of networks. It has grown since its IPO in 2016, and is expected to reach a market capitalization of $7.5 billion by 2023.
The fifth on our list is Cisco Systems (NASDAQ: CSCO). This is one of the most established players in the cyber security sector, providing solutions such as firewalls, intrusion prevention systems, and endpoint security. It is estimated that its market capitalization will reach $220 billion by 2023.
Sixth is CyberArk (NASDAQ: CYBR). This company focuses on providing identity and access management solutions, as well as authentication and encryption solutions. Its market capitalization is estimated to reach $3.5 billion by 2023.
Seventh on our list is Kaspersky Labs (LSE: KASP). This company is a leading provider of endpoint security solutions. Its market capitalization is estimated to reach $3 billion by 2023.
Eighth is Fortinet (NASDAQ: FTNT). This company provides solutions for network security, such as firewalls and anti-virus solutions. It is estimated that its market capitalization will reach $2 billion by 2023.
Ninth is Proofpoint (NASDAQ: PFPT). This is a provider of email and data security solutions. Its market capitalization is estimated to reach $1 billion by 2023.
Finally, we have Trend Micro (TYO: 4704). This is a Japanese cyber-security firm which provides a range of solutions, such as cloud security and anti-virus solutions. Its market capitalization is estimated to reach $5 billion by 2023.
With the increasing threat of cyber-attacks, investing in cyber security stocks will offer investors significant potential for long-term growth. The companies mentioned above are some of the biggest cyber security stocks based on their size and potential market capitalization by 2023. As we have seen, these stocks offer great potential for investment in the future.