5 Best Performing Cybersecurity Stocks in 2023

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In this piece, we will take a look at the five best performing cybersecurity stocks in 2023. To learn more about the cybersecurity sector and some recent trends, check out 12 Best Performing Cybersecurity Stocks in 2023.

5. Zscaler, Inc. (NASDAQ:ZS)

Year To Date Share Price Gains: 58.85%

Zscaler, Inc. (NASDAQ:ZS)’s cybersecurity products enable users to maintain compliance with industry regulations and run other operations. It’s a rare cybersecurity stock on our list that is rated Strong Buy on average, and analysts have set an average share price target of $189.

After digging through 910 Q2 2023 hedge fund portfolios, Insider Monkey found that 45 had bought Zscaler, Inc. (NASDAQ:ZS)’s shares. The company’s biggest shareholder in our database is John Overdeck and David Siegel’s Two Sigma Advisors as it owns 1.4 million shares that are worth $211 million.

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