The Latest “Buy” Signal For Cybersecurity Stocks [FireEye Inc, Fortinet Inc, Palo Alto Networks Inc, Cyberark Software Ltd]

“One of the things I really like about HACK is its industry-specific diversity,” Riggs said. “HACK is most heavily invested in the systems software industry, which will prove to be a great stabilizing force for the fund. That’s the sphere of the IT sector that’s been growing most reliably since 2010, with the consulting firm Gartner Inc. already forecasting enterprise software to grow by 7.3% in 2015.”

HACK invests in all three of the high-profile names we mentioned earlier (FEYE, PANW, and FTNT). Here are some of its other notable holdings:

  • Cyberark Software Ltd. (Nasdaq: CYBR), an Israeli cybersecurity company that sells protective software to companies around the world, including 30 Fortune 100 companies. It’s up 107% in the last year.
  • Qualys Inc. (Nasdaq: QLYS), which offers cloud-based and web-application based security offerings to its nearly 7,000 customers. In the last year, QLYS stock is up 69%.
  • Infoblox Inc. (NYSE: BLOX) provides network automation and domain name system security. In the last 12 months, BLOX is up 106%.

This tech ETF has more than $760 million in assets and has an expense ratio of 0.75%. An average of 359,000 HACK shares are exchanged on a daily basis.

HACK opened today at $30.66 and has a range of $24.44 to $30.93 since its November debut.

The Bottom Line: The new LogJam bug on web browsers is just the latest cybersecurity threat we’ve seen in 2015. Cyber spending has already reached $95 billion last year and will hit $155.74 billion by 2019. The best way to invest in cybersecurity stocks is the HACK ETF. It’s already up 15% in 2015 and will continue climbing as cybersecurity spending increases.

Money MorningBrought To You Courtesy of Kyle Anderson

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