6 High-Stakes Tech Stocks to Buy for 2014

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6 High-Stakes Tech Stocks to Buy for 2014

Lifelock

What it Does: Lifelock (LOCK) provides identity-theft protection services in a subscription platform. For $25 per month, LifeLock will remove your name from junk-mail lists, monitor the Web for fraudulent use of your name, Social Security number and other personal information, and alert you about potential breaches.

Market Cap: $1.5 billion

The Big Trend: The same technologies that make banking, shopping and working so convenient also make identity theft easier. The Javelin Strategy & Research’s 2012 Identity Theft Report says that 12.6 million people were violated at a cost of $21 million. At a projected growth rate of 4% per year, losses will become even more staggering.

Performance: Third-quarter revenue grew 33% to $95.7 million year-over-year.

Stock YTD: +103%


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/6-high-stakes-tech-stocks-2014/.

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