Due to the looming cybercrime and cyber threats in an increasingly connected world, the cybersecurity sector is one which could well generate significant growth. More and more organizations are going to spend heavily in order to get protection against these cyber threats.
The commercial damage caused by cybercrimes is expected to touch as much as $10.5 trillion on a global level across the world by 2025 and hence, it is clear to see that spending on cybersecurity products is also going to go up. Here is a quick look at three cybersecurity stocks that you could consider tracking at this point in time.
Signal Advance Inc (OTCMKTS:SIGL) – This past Friday, the Signal Advance Inc stock was on a roll as it ended up with gains of as much as 40.5% amidst heavy trading volume. The trading volume had gone up as much as threefold. The company is mainly involved in the tech development and engineering research spaces at this point.
The company is currently well-known for its Signal Advance technology which helps with the reduction in signal detection delays common with physical sensors. The product in question also improves performance and response time. Previously the company had been known as Biodyne Development Company but in 2007 it changed its name to the present one. The company is based out of Rosharon in Texas.
Zerify Inc (OTCMKTS:ZRFY) – The next one to look into could be Zerify Inc, which is involved in providing secure videoconferencing solutions and has been involved in the cybersecurity business for more than two decades. The company was in the news last week on January 12 when it announced that it expected its revenues to be strong in 2023 and for growth to continue in the following years.
Mark L Kay, the company’s CEO noted that the videoconferencing space is expected to touch a valuation in the $30 billion to $50 billion range by 2026 and that presented a major opportunity for Zerify.
Safe-T Group Ltd (NASDAQ:SFET) – Last Friday the Safe-T Group Ltd stock was in focus among investors and ended up with gains of as much as 5.07% as a consequence. Earlier on in the month on January 12 the company had been in the news after it announced that it was going to go for a rebrand as a result of the company’s faster growth. It was announced that in order to better illustrate its vision and values, it was going to be rebranded as Alarum Technologies Ltd.