Global spending on information technology (IT) declined in 2020 due to the COVID-19 pandemic, but cybersecurity spending bucked the trend. Organizations were faced with new security challenges as cloud computing and remote work became essential. As a result, the prices of many cybersecurity stocks soared, and demand for next-gen security software in this new digital era is stronger than ever.

Recent high-profile security breaches of the networking software company SolarWinds(NYSE:SWI) and the Colonial Pipeline illustrate the massive need for sophisticated security services — and the real-world consequences if an organization is lax with its IT security practices. Global spending on cybersecurity is thus expected to exceed $120 billion in 2021 and will likely continue to be a high-growth industry. Cybersecurity stocks are a red-hot niche of the tech industry, so knowing how to invest in them can yield some big returns in the decade ahead.

Today, the top companies are:

As the reader can see, the market has taken a negative turn and most stocks are down. Including Cybersecurity company stocks. From all the companies we considered TOP in OCtober 2021, only one of them (Palo Alto Networks) has a price higher than what it was just a few months ago.

In any event,  Merysol Security is NOT a financial advisor and in no way we mean to offer you any kind of counsel.  We are just simply pointing our that, if you are interested in how cybersecurity companies perform in the financial markets, we can offer some of their stock information..