Trefis, a firm consisting of MIT engineers and Wall Street Analysts, is bullish on the cybersecurity stocks. “While there have been concerns that the U.S. could be headed for a recession, with Q1 GDP already shrinking year-over-year, we think cybersecurity-related spending will remain a priority for businesses and the government…” citing several reasons including but not limited to geopolitical concerns arising from increased Russian aggression.
Trefis concludes, “Cybersecurity spending largely held up over 2020 when companies scaled back IT budgets and it is likely that a similar trend could hold up in the event of an economic downturn as well.”
While Okta, Inc. (Nasdaq: OKTA) value has dropped over 50% in the past year, there are several Cybersecurity stocks with extremely bullish prospects.
There are several much better options in the space for investors who share Trefis’ view on cybersecurity stocks.
Sekur Private Data Ltd. (OTCMKTS: SWISF) provides data privacy solutions that are hosted in Switzerland, the location is significant because in Switzerland. Under Swiss federal law, it is a crime to publish information based on leaked “secret official discussions.” In 2010 the Federal Supreme Court of Switzerland found that IP addresses are personal information and that under Swiss privacy laws they may not be used to track Internet usage without the knowledge of the individuals involved.
Sekur which includes SekurMessenger and SekurMail, is part of a bundle of email, messaging and file transfer into one application, includes the Company’s latest SekurMail technology, which includes a proprietary anti-phishing and privacy feature called SekurSend®. SekurSend® lets a user send an email to any other recipient, whether they have Sekur or not, in full privacy and security as the email never leaves Sekur’s encrypted email servers based in Switzerland. The recipient can then click on the notification and reply in the same manner using SekurReply®, without the recipient having to register for a Sekur account.
WHY SWISF IS IN A GREAT POSITION FOR INVESTORS
SWISF has just upgraded to the OTCQX. Companies on the QX, “must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.” This is important because it adds significance to the incredible growth the company reported in its FY 2021 financials.
SWISF 2021 FY highlights include:
- $6.976 million in cash up from $388K in 2020 (+1,697%)
- $8.053 million in net assets, over 435k from 2020 (+1,751.26%)
- Sales increased by over 5,600%
- New subscriber signups increased by over 1,900%.
WHY THESE NUMBERS ARE SIGNIFICANT
Not only have subscriptions grown significantly, but revenue per subscription has grown which is a force–multiplier.
The company plans on launching a new email security app on Android and iPhone this summer, CEO Alain Ghiai said, “We do expect to continue to see increases in subscriber rates over the coming months and years, especially as we market our new SekurMail email service and our new Sekur business plans for securing businesses’ emails and messaging communications globally. “This release could increase the amount of new subscribers, revenue per subscriber, or both.The company is using its substantial cash position to market the launch of Sekur Mail.
INVESTORS ARE STARTING TO BET BIG ON SWISF
Investors are obviously impressed the company was able to oversubscribe its recent private placement. The over $600,000 worth of proceeds will be used to market its new Sekur Mail app launch. The terms of the PPM are favorable to the company. Each Unit consists of one common share priced at CA$0.35 per share, and one share purchase full warrant. Each Full Warrant will entitle the holder to purchase a common share at a price of CA$0.70 per share for a two-year term.
The exercisable warrant price would represent triple-digit returns for any investor purchasing shares at the current PPS. Make sure to look into SWISF today.
Palo Alto Networks (Nasdaq: PANW), revenue growth has not been as significant as SWISF’s it still tripled which is quite impressive. Known for its firewalls, which inspect internet traffic and protect against viruses, spyware and data leakage – as well as identify vulnerabilities, Palo Alto like many in the sector is still unprofitable. Although that hasn’t stopped investors from betting on the company.
Another larger cybersecurity company, Fortinet (Nasdaq: FTNT) also experienced increased revenues. Its sales spiked 29% last year, and it made a small profit.
Also among the larger companies is CrowdStrike (Nasdaq: CRWD), revenue which is generated almost exclusively from recurring subscriptions, and climbed 66% for the fiscal year ending January 2022.
Tenable Holdings (Nasdaq: TENB) is another company in the sector worth looking at.
However, for investors looking for a parabolic opportunity, Sekur Data (OTCMKTS: SWISF) is the first company to research.
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