In today's video, I look at Okta (OKTA 2.91%), Crowdstrike (CRWD 4.56%), and Zscaler (ZS 2.48%). These three cybersecurity stocks are down from their 52-week highs, and below I share three reasons why you should add them to your watch list.
Three Reasons to Add Okta to Your Watch List.
- On May 3, Okta completed an acquisition of Auth0, a leading identity platform for application teams. The acquisition strengthens and accelerates Okta's growth in the identity market.
- For Q4 FY 2021, Okta reported 40% y/y growth in revenue, 42% y/y growth in subscription revenue, 26% y/y growth in total costumers, and 33% y/y growth of costumers with Annualized Contract Value greater than $100k.
- Okta has strong fundamentals with positive cash flow from operations and more cash and short-term investments than debt.
Three Reasons to Add Crowdstrike to Your Watch List.
- On March 5, Crowdstrike completed the acquisition of Humio. The acquisition will help accelerate Crowdstrike's growth in XDR capabilities for cybersecurity.
- For Q4 FY 2021, Crowdstrike reported revenue growth of 82% y/y, subscription revenue growth of 84% y/y, and new customer growth of 82% y/y.
- Crowdstrike has strong fundamentals with positive cash flow from operations and more cash and short-term investments than debt.
Three Reasons to Add Zscaler to Your Watch List.
- On April 15, Zscaler entered into a definitive agreement to acquire a cybersecurity company in Israel, Trustdome.
- For Q2 FY 2021, Zscaler reported revenue growth of 55% y/y and deferred revenue growth of 60% y/y.
- Zscaler has strong fundamentals with positive cash flow from operations and more cash and short-term investments than debt.
Click the video below for my full thoughts.
*Stock Prices used were the closing prices of May 7, 2021. The video was published on May 9, 2021.
