Yet another cybersecurity company entered the public sector on Friday. Rapid7 -- which boasts more than 3,900 customers across 90 countries -- provides IT security data and analytics software and services to help organization reduce the risk of a breach, detect and respond to attacks and building effective IT security programs.
Experts are saying its closest comparable peer is CyberArk Software Ltd (NASDAQ: CYBR). In the first half hour of trading, Rapid7 Inc (NASDAQ: RPD) shares were up more than 60 percent from its IPO price of $16.
To conclude our series about cybersecurity, we asked a few experts for a few ideas on how investors should approach the sector.
Chris Ciaccia, technology editor for TheStreet.com, said that cybersecurity has really caught the attention of Wall Street investors in recent years.
We are experiencing a boom in cybersecurity.
Leaders in the Sector
Ciaccia named Palo Alto Networks Inc (NYSE: PANW) and FireEye Inc (NASDAQ: FEYE) as leaders in the sector. He noted they are likely safe to not day trade as they will probably be around for the next 5 -10 years.
“You’ve seen growth rates on these companies approaching 70-80% and in a market that’s probably going to be close ...
/www.benzinga.com/trading-ideas/long-ideas/15/07/5686057/so-you-want-to-play-the-cybersecurity-sector-right-now alt=So You Want To Play The Cybersecurity Sector Right Now...>Full story available on Benzinga.com
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