5 Cybersecurity Stocks to Buy as US-China Tensions Mount

In this article, we talk about the 5 cybersecurity stocks to buy as US-China tensions mount.  If you wish to read our detailed analysis of US-China tensions and cybersecurity stocks, go directly to 10 Cybersecurity Stocks to Buy as US-China Tensions Mount.

5. Zscaler, Inc. (NASDAQ:ZS)

Number of Hedge Fund Holders: 39

Zscaler, Inc. (NASDAQ:ZS) is up next on our list of cybersecurity stocks to buy as US-China tensions mount. It is a cybersecurity firm which provides a cloud-based internet security platform called Zscaler Zero Trust Exchange.

At the end of May, Cowen analyst Shaul Eyal gave Zscaler, Inc. (NASDAQ:ZS) an ‘Outperform’ rating after the company beat Q3 estimates and raised 2022 guidance. The analyst pointed out that within a threatening cyber environment, awareness for the firm’s Zero Trust platform is growing, and its solid execution is powering deal expansion, top-line growth, and pipeline momentum. On July 22, Citi analyst Fatima Boolani lowered the firm’s price target on Zscaler, Inc. (NASDAQ:ZS) to $200 from $225 and maintained a ‘Buy’ rating on the company shares.

At the end of the first quarter of 2022, 39 hedge funds disclosed ownership of positions in Zscaler, Inc. (NASDAQ:ZS), up from 31 hedge funds a quarter earlier. D E Shaw, with a nearly $313 million stake, was the largest shareholder of the cybersecurity firm in Q1 2022.