57704580 – saransk, russia – circa, 2015: a computer screen shows details of london stock exchange main page on its web site

As Russia Invades Ukraine, analysts predict that the secluded country will target cybersecurity to finance the strife. Therefore, investors heavily focus on cybersecurity stocks pushing the FirstTrust NASDAQ Cybersecurity ETF to its highest level in weeks. Here are the leading firms to watch

Palo Alto Networks 

Palo Alto Networks (NYSE: PANW), a prominent global cybersecurity firm with an over $54 billion value, provides numerous services globally, including security on data centres and computers. Prisma, Cortex, Strata, and Okyo are its primary products.

 The firm has had solid growth in the past few quarters, and its total revenue has risen to over $4.8 billion with an increased customer base. Its biggest clients are Dish Networks, Salesforce, Caesars Entertainment, Infosys, and AutoNation. There is a huge possibility that more companies may adopt the company’s services soon.

CrowdStrike

CrowdStrike (NASDAQ: CRWD) prevents attacks using artificial intelligence. It’s a top cybersecurity company that uses solutions like Falcon Pro to assist in Malware prevention in corporate networks, threat protection, and advanced breach security.

The company has been growing due to a rising interest in investing in cybersecurity. Thus, its total revenue hiked from $57 million in 2017 to more than $1.2 billion in the past year.

This growth has come at a cost considering that it has seen a strong increase in its losses. However, as a leading player in cybersecurity, its stock will likely keep rising.

The growth is considered costly as the company also experienced massive losses. However, the stock may continue to rise due to its prominence in the industry.

Mandiant 

Mandiant (NASDAQ: MNDT) has had massive success in cybersecurity. Its total revenue rose to $483 million in 2021 from $331 million in 2019.

Mandiant offers various services through its Advantage software platform, including automated defense, security validation, and threat management. Its customers include Equifax, Vodafone, Bureau of Customs, Infosys, and Versisk.

The Mandiant stock price hiked by more than 40% from its lowest last month, and it may keep rising.

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