A Cyber-Offensive Strategy for Your Portfolio Amidst Tech’s Bear Market

  1. Fortinet (FTNT) was also up 9% on Friday after an impressive bounce over the course of last week as things began to get white-hot in Europe. FTNT is similar to PANW in that it’s a bread-and-butter stock for cyber security holders, currently valued at $325. A few weeks ago, FTNT announced that it had outperformed its earning forecasts in Q4, with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.06 per share a year ago and represents an unexpected 8% quarterly growth in revenues. With an average BUY/HOLD analyst rating, multiple recent upgrades to “overperformed”, and a price target of $363, FTNT is a solid play to boost your cyber portfolio.
  2. HUB Security (HUB.TA) is a Tel-Aviv listed confidential computing company that is slated to list on NASDAQ later in ’22 via SPAC. The company has apparently raised >$150M in anticipation of the listing, and just last week announced the closure of a private placement with Israeli investors for a sum >$10M. Trading at 507ILA, HUB is +32% YTD and has far outperformed both PANW, FTNT, and market indexes like QQQ. HUB’s impending NASDAQ listing in expected to serve as a significant value-multiplier (8–12X) for shareholders, meaning that current holders could be holding one of the exchange’s hottest new cyber security offerings in a few months time. I recommend adding this ticker to your watchlist, and for those with access, to consider establishing a preliminary position.

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