Cybersecurity Stocks Report Strong Q2 Earnings

Cybersecurity continues to be one of the fastest-growing segments within software for good reason. Almost every company is slowly finding itself becoming a technology company and facing rising cybersecurity risks. Businesses are accelerating adoption of cloud-based software, moving data and applications into the cloud to save costs while improving performance.

The 9 cybersecurity stocks we track reported a strong Q2, with revenues beating analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was 0.9% above.

Varonis Systems reported revenues of $180 million, up 18.3% year on year, exceeding analysts’ expectations by 1.8%.