The ransomware attack on Colonial Pipeline Co. highlights an obvious area for growth in the technology sector.
Cybersecurity is more critical than ever, especially in a world already reeling from supply disruptions and bottlenecks caused by the coronavirus pandemic. The latest big ransomware attack, against Colonial Pipeline Co., is an eye-opener, as it has led to the shutdown of the 5,500-mile Colonial Pipeline system and could push up gasoline prices.
Below is a screen of 20 cybersecurity companies that Wall Street analysts like for big gains in the stock market over the next year. To screen for a list of favored cybersecurity/network security/internet security stocks, we began by listing all the stocks held by four large exchange-traded funds: Cybersecurity stock screen Adding the four funds’ holdings and removing duplicates leaves a list of 56 stocks that are covered by at least five analysts polled by FactSet and have stock-market capitalizations of at least $1 billion.
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