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5 Best Cybersecurity Stocks to Buy Now

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In this article, we will discuss the 5 best cybersecurity stocks to buy now. If you want to explore similar stocks, you can go to 12 Best Cybersecurity Stocks to Buy Now.

5. Splunk Inc. (NASDAQ:SPLK)

Number of Hedge Fund Holders: 52

Splunk Inc. (NASDAQ:SPLK) is a leading American provider of cloud security solutions. At the close of the fourth quarter of 2022, 52 hedge funds were eager on Splunk Inc. (NASDAQ:SPLK) and held collective stakes worth $1.19 billion in the company. This is compared to 46 hedge funds in the previous quarter with stakes worth $828 million. The hedge fund sentiment for Splunk Inc. (NASDAQ:SPLK) is positive and the stock is one of the best cybersecurity stocks to buy now.

Wall Street is bullish on Splunk Inc. (NASDAQ:SPLK). On March 2, BMO Capital analyst Keith Bachman raised his price target on Splunk Inc. (NASDAQ:SPLK) to $113 from $100 and maintained an Outperform rating on the shares.

As of December 31, Whale Rock Capital Management is the largest investor in Splunk Inc. (NASDAQ:SPLK) and has a stake worth $217.3 million.

Vulcan Value Partners made the following comment about Splunk Inc. (NASDAQ:SPLK) in its Q4 2022 investor letter:

“We exited our position in Splunk Inc. (NASDAQ:SPLK) during the quarter. A number of developments caused us to question whether Splunk’s competitive position was eroding. Splunk is a premium product, and less expensive alternatives have made progress increasing the quality of their offerings. Our research has confirmed Splunk is losing market share to these players, including Microsoft’s Sentinel. Sentinel has made a number of improvements over time and integrates with Microsoft’s other products. Notably, both of Splunk’s Co-Presidents left Splunk in 2022 to work for Microsoft. Splunk’s Chief Financial Officer left a few months later. Before the CFO left, Splunk lowered its annual recurring revenue guidance for the year. While the company attributed the change to the macro environment, we were unable to differentiate to what extent the slowdown was caused by the macro environment versus competitive factors. Based on our primary research and competitive concerns, we no longer had sufficient confidence in Splunk’s value stability. Splunk no longer qualifies for investment, and we exited the position.”

Follow Splunk Inc (NASDAQ:SPLK)

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AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

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Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

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Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

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Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

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Insanely Accurate Timing Model Says Bitcoin is Going to $100K

You see, there is a phenomenon happening right now that’s never been seen before in the crypto market.

Not just one – but three extremely bullish signals are going off …

At almost the exact same time.

We predict that this convergence of events is going to have a massive effect on crypto prices.

Far beyond the gains we’ve seen over the last couple of months.

Because as we’ll show you over the next few moments…

Each of these bullish events on its own is enough to drive Bitcoin and other cryptos to new highs.

But when all three come together at the same time, as they are expected to over the next few weeks.

It could mean a crypto bull market of unprecedented proportions.

Even bigger than previous bull markets where select coins brought back returns like:

– 2,001%

– 5,400%

– 10,200%

– 23,400%

Our special guest today, Juan Villaverde, says the recent run up in the price of Bitcoin, Ethereum and a handful of other coins is just a preview of what’s to come.

He believes once-in-a-lifetime crypto gains are in front us …

And it’s because of this great convergence of bullish events happening all at the same time.

In the next few weeks …

Maybe even sooner.

Click to continue reading…