Cloudflare vs. Check Point: Which Cybersecurity Stock is a Better Investment?
StockNews
Published Nov 08, 2021 10:23AM ET
Updated Nov 08, 2021 11:30AM ET
Cloudflare vs. Check Point: Which Cybersecurity Stock is a Better Investment?
Rising demand for advanced cybersecurity solutions to guard against increasing cyberattacks and data breaches has been driving the cybersecurity industry’s growth. Popular players in this space, Cloudflare (NYSE:NET) and Check Point Software (CHKP), should benefit from the industry tailwinds. But which of these stocks is a better buy now? Read more to find out.Cloudflare, Inc. (NET) in San Francisco, and Check Point Software Technologies Ltd. (NASDAQ:CHKP) in San Carlos, Calif., are two prominent players in the cybersecurity space. NET operates a cloud platform that delivers a range of network services to various industries and governments worldwide. The company provides businesses with a unified control plane to provide security, performance, and reliability across their on-premises, hybrid, cloud, and Software-as-a-Service (SaaS) applications. In comparison, CHKP develops, markets, and supports a range of software and hardware products and services for IT security worldwide. The company offers a portfolio of network security, data and endpoint security, and management solutions and sells them through distributors, system integrators, OEMs, and managed security service providers.
With widespread digitization, enterprises and governments have increased investments in cybersecurity solutions to protect themselves from rising cyberattacks and large-scale data breaches. The cybersecurity market is expected to grow at a 10.5% CAGR to $231.74 billion by 2025. So, both NET and CHKP should benefit.
But, while CHKP’s shares have declined by 1.4% in price over the past nine months, NET has surged 130.6%. NET is also a clear winner with 57.1% gains versus CHKP’s 2.6% returns in terms of their past month’s performance. But which of these stocks is a better pick now? Let’s find out.
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