Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

4 Cyber-Security Stocks In Focus Post Expedia-Orbitz Hack

Published 03/22/2018, 10:59 PM
Updated 07/09/2023, 06:31 AM

Expedia, Inc.’s (NASDAQ:EXPE) subsidiary, Orbitz (orbitz.com) was recently hit by a security breach. Hackers reportedly had access to customer’s information from 880K payment cards used on its consumer platform as well as its partner’s platform where Orbitz is used as a booking engine.

Reportedly, cyber attackers could access card user’s names, phone numbers, emails, date of birth and billing addresses in the breach that might have taken place between Jan 1, 2016 and Jun 22, 2016 on consumer’s platform and between Jan 1, 2016 and Dec 22, 2017 on the partner’s platform.

However, the travel booking site confirmed that the social security numbers of U.S. customers have not been affected.

The breach has affected its partner American Express (NYSE:AXP) as well which reported that the incident could include the information of customers who booked during that specific time period.

Since Mar 20 (when the incident was reported) Expedia shares have declined 3%. In the past year, shares have lost 16.2%, as compared with 61.4% rally of the industry it belongs to.

Currently, Expedia carries a Zacks Rank #5 (Strong Sell).



Cyber Crime in Focus

The latest cyberattack proves that most of the organizations across the world lack proper cyber security measures. Both Travel and hotel industry are correlated and are grappling with challenges pertaining to cyber-crimes.

The latest breach in the travel industry follows a similar kind of hack that happened with InterContinental Hotels Group and Hyatt Hotels Corp last year.

Equifax (NYSE:EFX), an information services provider, which helps customers in making better credit and marketing decisions, also faced data breach last year.

These incidents have clearly underscored the fact that a customer’s payment card information is highly prone to hacking.

Further, ransomware attacks are fast hitting the headlines post the WannaCry and Petya attacks that happened in May and June 2017, respectively.

Cybersecurity Stocks on Growth Trajectory

The alarming rise of cyber-crime across the world has benefited the cyber security stocks courtesy of growing demand for security products.

Per a market research firm, Markets and Markets’ report, the cybersecurity market is expected to grow at a CAGR of 11% between 2017 and 2022 and to reach $231.94 billion by 2022.

Out of the innumerable players in the industry, we have picked four stocks which have the potential to make the most out of this opportunity. They are — Imperva (NASDAQ:IMPV) , Qualys (NASDAQ:QLYS) , ManTech International (NASDAQ:MANT) and Fortinet (NASDAQ:FTNT) .

Imperva is a developer of protection software and services for business applications and databases and offers innovative technology to give full audit accountability and separation of duties to meet regulatory compliance. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Moreover, the company topped the Zacks Consensus Estimate in the trailing four quarters by delivering an average positive earnings surprise of 193.84%.

Currently, Imperva’s long-term earnings growth rate is pegged at 25%.

Qualys is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. It also topped the consensus estimate in the trailing four quarters by delivering an average positive earnings surprise of 46.40%.

Qualys flaunts a Zacks Rank #1 and its long-term earnings growth rate is 17%.

ManTech International is a provider of innovative technologies and solutions for mission-critical national security programs. The company delivered an average positive earnings surprise of 9.39% by surpassing the consensus estimate in the trailing four quarters.

ManTech sports a Zacks Rank #1 and its long-term earnings growth rate is 8%.

Fortinet offers network security appliances and Unified Threat Management network security solutions to enterprises, service providers and government entities worldwide. The company surpassed the Zacks Consensus Estimate in the trailing four quarters by delivering an average positive earnings surprise of 20.10%.

Fortinet carries a Zacks Rank #2 (Buy). Long-term earnings growth rate is currently 16.75%.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>



Fortinet, Inc. (FTNT): Free Stock Analysis Report

Expedia, Inc. (EXPE): Free Stock Analysis Report

Qualys, Inc. (QLYS): Free Stock Analysis Report

ManTech International Corporation (MANT): Free Stock Analysis Report

Imperva, Inc. (IMPV): Free Stock Analysis Report

Original post

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.