Cybersecurity Stocks To Watch Today - March 30th

Today, investors are paying attention to five key cybersecurity stocks: Alphabet, CrowdStrike, Palo Alto Networks, Dell Technologies, and Fortinet. Cybersecurity stocks represent shares in companies that provide essential services and products to safeguard computers, networks, and sensitive data against cyber threats. As digital security concerns continue to rise, these stocks have garnered interest due to their significant trading volumes.

Alphabet (GOOGL)

Alphabet Inc. is well-known for its wide range of products and platforms that reach markets across the globe including the U.S., Europe, and Asia. It operates through various segments such as Google Services and Google Cloud. The Google Services segment encompasses products like ads, Android, and YouTube.

Recently, GOOGL saw a drop of $7.91, closing at $154.33. The trading volume was substantial, with 48,610,349 shares exchanged compared to the average of 27,276,841. Currently, Alphabet boasts a market cap of $1.88 trillion, a P/E ratio of 19.17, and it has experienced a 52-week range of $147.22 to $207.05.

CrowdStrike (CRWD)

CrowdStrike Holdings, Inc. specializes in providing comprehensive cybersecurity solutions both domestically and internationally. Their platform focuses on protecting endpoints, cloud workloads, and identity management, among other areas.

On Friday, CRWD's stock declined by $9.45 to reach $357.11, with a trading volume of 3,450,999 shares, which is slightly below its average volume of 4,901,131. The company holds a market cap of $88.52 billion and a notably high P/E ratio of 700.23, reflecting its growth potential and market interest.

Palo Alto Networks (PANW)

Palo Alto Networks, Inc. is a key player in providing network security solutions worldwide. Their offerings include firewall appliances and security management solutions, covering areas from malware prevention to secure connectivity.

On Friday, PANW's stock price dropped by $1.68, bringing it down to $172.76. The trading volume was 6,244,293, which is above its average of 5,908,199. With a market cap of $114.38 billion and a P/E ratio of 97.33, Palo Alto is well-regarded in the cybersecurity space.

Dell Technologies (DELL)

Dell Technologies Inc. is known for designing and manufacturing a range of integrated technology solutions. The company operates primarily through the Infrastructure Solutions Group and the Client Solutions Group.

On Friday, DELL’s stock fell by $4.75, ending at $92.35, with a trading volume of 7,217,208 shares. The company has a market capitalization of $64.68 billion, with a P/E ratio of 16.32. Dell's stock has been fluctuating between a low of $86.93 and a high of $179.70 over the past year.

Fortinet (FTNT)

Fortinet, Inc. provides a wide range of cybersecurity and network solutions globally, emphasizing the convergence of networking and security.

FTNT's stock declined by $2.94 on Friday, reaching $96.60, with a trading volume of 4,499,314 shares. The firm has a market cap of $74.28 billion and a P/E ratio of 42.74, reflecting strong market interest. Its stock has a 52-week low of $54.57 and a high of $114.82.

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