May 4, 2015
Unfortunately, cyber crime isn’t going away. Hacking scandals have become an almost regular occurrence for public companies, devastating the shares of those unfortunate enough to find themselves the victims of a major data breach.
Investors looking to gain exposure to the cybersecurity market have a wide variety of options to choose from, but a few stocks stand out among the rest. Below are three of the best stocks in the space.
Symantec is a reliable cash generator
Among cybersecurity stocks, Symantec (NASDAQ: SYMC ) , the owner of Norton Antivirus, is perhaps the most reliable cash generator. Last quarter, it generated $358 million from operating activities, much of which it returns to shareholders in the form of dividends and share repurchases. At current levels, the company yields a little more than 2%, and it approved a $1 billion share repurchase program in February (about 6% of its current market cap).