3 Stocks to Watch in August
Much anticipated second-quarter earnings -- which include the worst of the economic lockdown to attempt to halt the spread of COVID-19 -- are rolling in at a torrid pace. And early results are, not surprisingly, better for digital-based businesses, as the crisis of the last few months is rendering older operations redundant.
But the pace of tech companies handing in report cards to shareholders will pick up pace in August. Three software stocks I'm watching closely are Fortinet (NASDAQ: FTNT), Twilio (NYSE: TWLO), and Zoom Video Communications (NASDAQ: ZM).
Cybersecurity is a tough segment of the tech sector to invest in. Plenty of promising stocks have gotten off to a hot start, only to later struggle as technologies evolve and security needs quickly pivot. Where some firms have gone wrong is lack of speed in picking up on new security risks, or lacking the financial flexibility to capitalize on them when they emerge.
Source Fool.com
