It's a profitable company, but trading with a trailing price-to-earnings ratio in the mid 20s, it's much more aggressively valued than Symantec.
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It's difficult to gauge when FireEye's growth will slow, but for more risk tolerant investors seeking a high-growth security stock, it's among the best.Ĭheck Point Software moves into new areas Check Point Software ( NASDAQ:CHKP) is somewhere in between Symantec and FireEye. Last year, FireEye's revenue rose a stellar 163% on an annual basis, and if its guidance proves accurate, it will rise another 42% to 46% this year. This allows it to spot zero-day exploits - exploits that programmers have had exactly zero days to solve. In contrast to more traditional signature-based approaches - the sort employed by Symantec - FireEye tests potentially malicious software on its network of virtual machines in real time. Whereas FireEye isn't yet profitable and is burning through cash, the company is dominating the new cybersecurity market it helped pioneer and has generated impressive revenue growth along the way.įireEye's services focus on advanced persistent threats (APT). Investors looking for stronger growth could consider a more speculative stock like FireEye ( NASDAQ:FEYE). Last month management announced that its security business would enjoy revenue growth of only 0-2% for the current fiscal year. Those interested only in the security business can sell their shares of Veritas.įireEye provides a novel service with rapid growth While a reliable cash cow, Symantec doesn't offer much growth. The split should benefit shareholders, creating two more focused businesses. Last quarter, about 41% of Symantec's revenue came from this business, which is wholly unrelated to security. Symantec will become more of a pure play security business when it completes its planned split later this year: the company will spin off its Information Management business, Veritas, to shareholders.
It's a well-established business and a staple for many IT departments. Symantec focuses primarily on endpoint security - solutions installed on particular devices (PCs, mobile devices, etc.) designed to protect them from malicious activity. At current levels, the company yields a little more than 2%, and it approved a $1 billion share repurchase program in February (about 6% of its current market cap). Last quarter, it generated $358 million from operating activities, much of which it returns to shareholders in the form of dividends and share repurchases.
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Symantec is a reliable cash generator Among cybersecurity stocks, Symantec ( NASDAQ:NLOK), the owner of Norton Antivirus, is perhaps the most reliable cash generator. Below are three of the best stocks in the space. Investors looking to gain exposure to the cybersecurity market have a wide variety of options to choose from, but a few stocks stand out among the rest.
Hacking scandals have become an almost regular occurrence for public companies, devastating the shares of those unfortunate enough to find themselves the victims of a major data breach. Unfortunately, cyber crime isn't going away.
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