Here we pick three stocks that are expected to benefit from this higher spending. Moreover, these have a favorable combination of a solid Zacks Rank #1 (Strong Buy) and #2 (Buy), with a Growth Score of A or B. Back-tested results show that this combination can handily beat other stocks.
Imperva Inc (NASDAQ:IMPV) is engaged in the development of protection software and services for business applications and databases. The stock flaunts a Zacks Rank #1 and has a Growth Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.
Leidos Holdings, Inc. (NYSE:LDOS), along with its subsidiaries, provides technology and engineering services and solutions in the defense, intelligence, civil and health markets. The stock sports a Zacks Rank #1 and has a Growth Score of B.
Varonis Systems Inc. (NASDAQ:VRNS) provides an innovative software platform that allows enterprises to map, analyze, manage and migrate unstructured data. The stock carries a Zacks Rank #2 and a Growth Score of B.
Considering the above discussed factors, it makes sense to invest in this hot industry group as cybersecurity players are likely to witness sturdy growth in the near term.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don’t buy now, you may kick yourself in 2020.