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Cybersecurity – 5 Security Companies for Uncertain Times

These companies are the best ways to invest in cybersecurity

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Symantec (SYMC)

Symantec stock SYMCWhile Cisco has its fingers in many pies of enterprise technology, Symantec (SYMC) is more of a pure play on cybersecurity.

SYMC focuses mainly on security, backup and accessibility solutions. Consumers would recognize it best from the Norton line of anti-virus software. It is also the most-used “certificate authority” on the web, meaning it helps identify trustworthy websites.

Symantec is a smaller company at just $15 billion in market cap, so it is established but still has a lot of room to grow. Of course, don’t think it’s likely to be an acquisition target anytime soon. Intel (INTC) may have ponied up $7.6 billion for competitor McAfee in 2010 but it’s hard to believe a deal twice that size is coming down the pike.

SYMC is up 20% in 2013 and up 45% since January 2012, slightly underperforming the market, but the company does pay a nice 2.7% dividend right now and is sitting on $3.8 billion in cash and short-term investments.

Article printed from InvestorPlace Media,

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