The Top 3 Cybersecurity Stocks to Buy in August
In the following video, I cover fundamental analysis and high-level overviews for three top cybersecurity stocks to buy in August. Then I discuss my thoughts on the current stock prices and where I would consider adding more shares to my portfolio.
1. Palantir (NYSE: PLTR) is not typically thrown into the cybersecurity stock bucket. After all, Palantir is a big data analytics software company that helps government agencies and companies manage and analyze data. However, with the increased hacks and high-profile security breaches, businesses are faced with complex challenges that require sophisticated solutions. Palantir offers highly secure data compared to most competitors. It started as a company laser-focused on government-related clients, so its solutions were built with security as the backbone. Commercial-focused vendors cannot say the same, and this provides a competitive advantage for Palantir.
As an example, Snowflake (NYSE: SNOW) is more focused on accessing and sharing data, and security is part of the solution. On the other hand, Palantir's foundation is built with security in mind. As President Harry S. Truman would say, "the buck stops here." Security is priority No. 1. As Palantir pushes harder into the commercial sector, I believe this advantage will reap rewards.
Source Fool.com
