5 Best Performing Cybersecurity Stocks in 2022

4. Amdocs Limited (NYSE:DOX)

Performance in 2022: +18%

Amdocs Limited (NYSE:DOX) is a software company that also offers cybersecurity solutions related to attack simulation, security consulting and threat analysis. Amdocs Limited (NYSE:DOX) gained about 18% in 2022. As of the end of the third quarter, 18 hedge funds reported having stakes in Amdocs Limited (NYSE:DOX). The total value of these stakes was $873 million.

Palm Valley Capital made the following comment about Amdocs Limited (NASDAQ:DOX) in its Q4 2022 investor letter:

“For the full calendar year, the Fund’s top performers were Coterra Energy (ticker: CTRA), Amdocs Limited (NASDAQ:DOX), and Alamos Gold. Coterra’s stock rose sharply along with energy prices at the beginning of 2022. Amdocs delivered record operating results during the year and demonstrated the strength of its market position serving the world’s leading communication service providers. All the Fund’s precious metals holdings, led by Alamos, contributed positively to performance in 2022, with a 1% collective contribution from gold and silver equities. We think this was a good outcome relative to gold and silver prices that ended the year essentially flat, after a summer swoon. Additionally, precious metals miners were down, on average, in 2022.”