Hello dear Getquin Community,

Over the past few days, I have been working intensively on the topic of cyber security and its fundamental importance in various sectors such as healthcare, technology, energy, armaments & defense, e-commerce, software, insurance, industry, utilities, commodities, banks, fintech, holdings, crypto and blockchain. I took a closer look at the big players, the hidden champions and the essential blade manufacturers in the industry. My aim was to gain as comprehensive a picture as possible of the different levels of this industry.

If I have overlooked any important aspects or have not categorized something correctly, I look forward to your comments and interesting additions @Tenbagger2024
@Multibagger
@Simpson
@Vegasrobaina . Together we can understand the topic even better and learn from each other.

Feel free to leave a 👍. I wish you every success with your investments 🚀

Contribution:

Cybersecurity is evolving from a marginal topic to the foundation of global markets. Whether healthcare, banking, utilities, armaments & defense, energy, industry or the digital infrastructure for artificial intelligence and blockchain, the need for protection mechanisms is increasing everywhere. While the big players such as $PANW (+0,28 %) Palo Alto Networks, $CRWD (+0,69 %) CrowdStrike or $ZS (+1,36 %) Zscaler are in the spotlight, more and more specialized providers are emerging that are essential in their niches and often have disproportionately high growth potential. Hidden champions such as $SECT B (+1,21 %) Sectra in the healthcare sector, $NCNO (-0,77 %) nCino in the banking sector or $ESTC (+1,43 %) Elastic in the data center show that cyber security has long been a diversified ecosystem. In addition, we must not overlook the blade manufacturers, i.e. the companies that provide the technological basis. These include chip manufacturers such as $NVDA (-3,33 %) , $INTC (-1,19 %) Intel or $AMD (-7,23 %) AMD, data center operators such as $EQIX (+0,2 %) Equin$DLR (+0,03 %) Digital Realty as well as software and infrastructure providers such as $ESTC (+1,43 %) Elastic, $DDOG (+2,57 %) Datadog or $ANET (+0,36 %) Arista Networks, without whose technology the security providers' solutions would not be scalable. The capital markets are reacting to this with valuation premiums, as the dependence on secure infrastructures is comparable to electrification in the 20th century. Investors are now faced with the question of whether to favor the established market leaders or invest in smaller companies that fly under the radar but could potentially be the real winners of tomorrow.

🔑Takeaway:

Cybersecurity is not an isolated trend, but a key investment factor across all industries from hospitals to data centers from payments to crypto platforms.

Healthcare

Big players:

$PANW (+0,28 %) Palo Alto Networks (PANW), $FTNT (+2,62 %) Fortinet (FTNT), $CHKP (+0,44 %) Check Point (CHKP), $CRWD (+0,69 %) CrowdStrike (CRWD), $S (+2,57 %) SentinelOne (S), $CYBR (+0,27 %) CyberArk (CYBR), $ZS (+1,36 %) Zscaler (ZS), $NET (+1,08 %) Cloudflare (NET), $AKAM (+0,42 %) Akamai Tech. (AKAM)

- Core provider for firewalls, zero trust, endpoint and web security

Hidden champions:

$SECT B (+1,21 %) Sectra (SECT-B.ST) - secure imaging & healthcare security

$VRNS (+0,38 %) Varonis Systems (VRNS) - protection of sensitive patient data

Imprivata (private, partnerships with listed players) - identity management for clinics

Shovel manufacturer:

$NVDA (-3,33 %) Nvidia (NVDA), $INTC (-1,19 %) Intel (INTC), $AMD (-7,23 %) AMD (AMD) - Chips & computing power for security appliances

$EQIX (+0,2 %) Equinix (EQIX), $DLR (+0,03 %) Digital Realty (DLR) - Data center infrastructure for clinical data

$ESTC (+1,43 %) Elastic (ESTC), $DDOG (+2,57 %) Datadog (DDOG) - basic software for monitoring & analytics

🔑 Takeaway Healthcare

Healthcare data is highly sensitive and clinics are at high risk of ransomware. In addition to large security providers, hidden champions such as Sectra and Varonis are gaining in importance as they secure directly at the interface between patient data and medical devices.

Technology, Data centers & AI, Telecommunications

Major players:

$ZS (+1,36 %) Zscaler (ZS), $S (+2,57 %) SentinelOne (S), $CHKP (+0,44 %) Check Point (CHKP)

- Protection for cloud and AI environments

Hidden champions:

$ESTC (+1,43 %) Elastic (ESTC) - Security Analytics

$ANET (+0,36 %) Arista Networks (ANET)

- Network switches for data centers

Blade manufacturers:

$EQIX (+0,2 %) Equinix (EQIX), $DLR (+0,03 %) Digital Realty (DLR)

- Data center infrastructure

$NVDA (-3,33 %) Nvidia (NVDA), $INTC (-1,19 %) Intel (INTC), $MRVL (-1,39 %) Marvell Tech. (MRVL)

- Chips & computing power for AI and security

Special players telecommunications

$AKAM (+0,42 %) Akamai Tech. (AKAM) & Cloudflare (NET) - secure traffic and mobile data

$RDWR (+0 %) Radware (RDWR) - DDoS protection for telcos

$CSCO (-2,53 %) Cisco (CSCO) - network security for carriers

$CLAV Clavister Holding AB (CLAV) - through SD-WAN and carrier security

🔑 Takeaway Technology, Data Centers & AI

Data centers and AI platforms are the backbone of the digital economy. Zero Trust and cloud security from Zscaler or SentinelOne meet shovel manufacturers such as Equinix or Nvidia, who are indispensable with infrastructure and chips.

Energy

Major players:

$FTNT (+2,62 %) Fortinet (FTNT, NASDAQ) - OT/ICS security for power grids and power plants

$PANW (+0,28 %) Palo Alto Networks (PANW, NASDAQ) - Zero Trust & network protection for energy suppliers

$CHKP (+0,44 %) Check Point (CHKP, NASDAQ) - Critical infrastructure protection, gas and oil industry

Hidden Champions:

Dragos (private, IPO candidate) - leader in OT security, specialized in energy infrastructures

$RDWR (+0 %) Radware (RDWR, NASDAQ) - DDoS defense for energy networks

$NCC (-1,18 %) NCC Group (NCC.L, London) - penetration tests & audits for utilities

$CLAV Clavister Holding AB (CLAV) - OT/ICS and infrastructure security

Shovel manufacturer:

$SBGSY (+0 %) Schneider Electric (SBGSY, OTC) - OT/ICS hardware with security components

$ENR (-2,06 %) Siemens Energy (ENR, Frankfurt) - Energy infrastructure with embedded security solutions

$AVGO (+8,33 %) Broadcom (AVGO, NASDAQ) - Security chips for networks in energy environments

E-Commerce

Major players:

$NET (+1,08 %) Cloudflare (NET, NYSE) - DDoS and API protection for online stores & payment platforms

$AKAM (+0,42 %) Akamai (AKAM, NASDAQ) - Application security & bot management in e-commerce

$FFIV (-0,09 %) F5 Networks (FFIV, NASDAQ) - API & payment security for digital platforms

Hidden Champions:

$RSKD (+0,77 %) Riskified (RSKD, NYSE) - Fraud prevention in online retail

$VRNS (+0,38 %) Varonis Systems (VRNS, NASDAQ) - Protection of customer data

$CYBR (+0,27 %) CyberArk (CYBR, NASDAQ) - Identity & access protection for payment processes

Shovel manufacturer:

$V (-2,85 %) Visa (V, NYSE) & $MA (-2,53 %) Mastercard (MA, NYSE) - not classic cybersecurity, but operator of secure payment networks

$ESTC (+1,43 %) (ESTC, NYSE) - fraud analytics for e-commerce platforms

$DDOG (+2,57 %) Datadog (DDOG, NASDAQ) - monitoring & security analytics for retail infrastructure

🔑 Takeaway:

Energy is particularly vulnerable due to OT/ICS systems, which is where specialists like Dragos come in.

E-commerce needs fraud prevention in addition to traditional web security, which is why players such as Riskified are occupying a niche.

Armaments & Defense

Major players:

$NOC (-0,4 %) Northrop Grumman (NOC, NYSE) - leader in cyberdefense for military & intelligence agencies, also developing offensive cyber capabilities

$BAESY (+2,5 %) BAE Systems (BAESY, OTC) - strong cyber intelligence division, protects critical military and government networks

$RTX (-1,4 %) Raytheon Technologies (RTX, NYSE) - defense company with growing cybersecurity portfolio for military communications & satellites

Hidden Champions:

$PLTR (-2,66 %) Palantir Technologies (PLTR, NYSE) - Data and analytics platform with strong cybersecurity component, often for defense ministries

$CACI (+2,51 %) CACI International (CACI, NYSE) - specializes in cyber intelligence, network protection and military IT services

$LDOS (-0,34 %) Leidos Holdings (LDOS, NYSE) - IT and cybersecurity service provider for US defense and NATO

$CLAV Clavister Holding AB (CLAV) - used by government and military organizations

$ADVE Advenica (ADVE) - Specialized security, relevant for government agencies and national infrastructure

Shovel manufacturer:

$LHX (-0,47 %) L3Harris Technologies (LHX, NYSE) - Provides communications and cyber hardware for military networks

$GD (-1,21 %) General Dynamics (GD, NYSE) - with its IT division GDIT also a provider of cyber defense infrastructure

$KTOS (+0,88 %) Kratos Defense (KTOS, NASDAQ) - specializes in drones, satellite systems and cyber hardening of defense communications

🔑 Takeaway:

In the defense sector, the boundaries between traditional defense and cybersecurity are blurring. Alongside the large defense contractors, hidden champions such as Palantir, CACI and Leidos are emerging to provide pure cyber and data expertise. Shovel manufacturers such as L3Harris and Kratos secure the technical infrastructure.

Software & insurance

Big players:

$OKTA (+1,3 %) Okta (OKTA), $CYBR (+0,27 %) CyberArk (CYBR), $CRWD (+0,69 %) CrowdStrike (CRWD)

- Identity, endpoint and cloud security

Hidden champions:

$VRNS (+0,38 %) Varonis (VRNS) - Data security

SailPoint (private, formerly NYSE) - Identity Governance

$FROG (-0 %) JFrog (FROG) - DevSecOps & Supply-Chain-Security

$CYBE (+0,53 %) CyberCatch Holdings, Inc (CYBE) - Provides AI-based cybersecurity SaaS

$GEN (-0,79 %) Gen Digital (GEN) - one of the largest consumer cybersecurity providers worldwide (Norton, Avast, LifeLock), strong in identity protection and data protection for consumers & small businesses

Shovel manufacturer:

$MSFT (-3,17 %) (MSFT), $GOOG (+0,47 %) Alphabet (GOOGL), $AMZN (-1,95 %) Amazon (AMZN)

- Cloud security base

$FFIV (-0,09 %) F5 Networks (FFIV) - API protection for SaaS & insurance platforms

🔑 Takeaway Software & Insurance

Data and identity protection take center stage. Major players such as Okta and CyberArk secure access, while hidden champions such as Varonis and JFrog provide specialist solutions. Cloud providers such as Microsoft and Amazon are both platform operators and security suppliers.

Industry, supply & raw materials

Major players:

$FTNT (+2,62 %) Fortinet (FTNT), $CSCO (-2,53 %) Cisco (CSCO), $PANW (+0,28 %) Palo Alto Networks (PANW)

- Network protection for critical infrastructures

Hidden champions:

$RDWR (+0 %) Radware (RDWR) - DDoS protection

$NCC (-1,18 %) NCC Group (NCC.L) - OT-Security & Penetration Tests

$SECT B (+1,21 %) Sectra (SECT-B.ST) - secure infrastructure in the OT/healthcare intersection

$CLAV Holding AB CLAV) - OT/ICS and infrastructure security

$ADVE Advenica (ADVE) - Specialized security, relevant for public authorities and national infrastructure

Shovel manufacturer:

$AVGO (+8,33 %) Broadcom (AVGO) - Security chips

Juniper Networks (JNPR) - Network backbones

$ANET (+0,36 %) Arista Networks (ANET) - high-end switches

🔑 Takeaway Industry, Supply & Raw Materials

OT/ICS systems in production, energy and raw materials are attractive targets. Fortinet and Palo Alto dominate, but hidden champions such as Radware and the NCC Group offer special expertise for attacks on industrial control systems.

Banks, Fintech & Holdings

Big players:

$CRWD (+0,69 %) CrowdStrike (CRWD), $PANW (+0,28 %) Palo Alto Networks (PANW), $ZS (+1,36 %) Zscaler (ZS)

- Core protection for banks & digital platforms

Hidden champions:

$NCNO (-0,77 %) nCino (NCNO) - Cloud Banking Security

$NCC (-1,18 %) NCC Group (NCC.L) - Audits & Compliance

$CYBE (+0,53 %) CyberCatch Holdings, Inc (CYBE) - Provides AI-based cybersecurity SaaS

$GEN (-0,79 %) Gen Digital (GEN) - through fraud prevention and identity topics

Shovel Manufacturer:

$FFIV (-0,09 %) F5 Networks (FFIV) - API security for payments

$AKAM (+0,42 %) Akamai Tech. (AKAM) - Web & Payment Security

$ESTC (+1,43 %) Elastic (ESTC) - Fraud Analytics

🔑 Takeaway Banks, Fintech & Holdings

High regulatory pressure makes cybersecurity a mandatory field. In addition to established providers, banks are relying on hidden champions such as nCino or Darktrace for cloud banking and anomaly detection. Shovel manufacturers such as F5 or Akamai secure payment APIs and banking portals.

Crypto & blockchain

Big players:

$PANW (+0,28 %) Palo Alto Networks (PANW), $FTNT (+2,62 %) Fortinet (FTNT), $CRWD (+0,69 %) CrowdStrike (CRWD)

- Core protection for exchanges, wallets and blockchain infrastructure

Hidden champions:

$BBAI (+0,92 %) BigBear.ai (BBAI) - Blockchain Fraud Detection

$RIOT (-0,62 %) Riot Platforms (RIOT) - Mining with a focus on security

Shovel manufacturer:

$NVDA (-3,33 %) Nvidia (NVDA), AMD (AMD) - Chips & Mining Hardware

$NET (+1,08 %) Cloudflare (NET), $AKAM (+0,42 %) Akamai Tech. (AKAM)

- Network protection for wallets & exchanges

🔑 Takeaway crypto & blockchain

Crypto ecosystems are heavily affected by attacks on exchanges, wallets and smart contracts. While traditional security players provide protection, niche providers such as BigBear.ai and Riskified are emerging that specialize specifically in fraud and blockchain risks.

Source: Own analysis, image material: schwarz-digits

Presumably because the New York Times reports on the Pentagon's war plans against China, which Musk was apparently briefed on at the Pentagon today.

In a military conflict between the two economic powers USA and China, the first "Line of Contact" would be a digital one: cyber attacks.

And even if only hypothetical scenarios are reported, this will probably already lead to an intensification of the constant mutual cyber attacks. Information is key.

• Cyberark $CYBR (+0,27 %)
• Palantir Tech $PLTR (-2,66 %)
• Check Point Software Technologies $CHKP (+0,44 %)
• Crowdstrike $CRWD (+0,69 %)
• VeriSign $VRSN (+0,17 %)
• Zscaler $ZS (+1,36 %)
• Okta $OKTA (+1,3 %)
• Cloudflare $NET (+1,08 %)
• Fortinet $FTNT (+2,62 %)
• Cisco Systems $CSCO (-2,53 %)
• Palo Alto Networks $PANW (+0,28 %)
• Akamai Technologies $AKAM (+0,42 %)
• BlackBerry $BB (+2,47 %)
• NetScout Systems $NTCT (-1,3 %)
• CommVault Systems $CVLT (+1,67 %)

Sources:

• The Pentagon set up a briefing for Musk on plans for a potential war with China.
• NYTimes Liveblog: Trump Administration Live Updates: Trump Rejects Idea of Letting Musk See Secret Plans for War With China

#newyorktimes
#china
#usa
#trump
#pentagon
#elonmusk

Akamai Technologies, Inc. $AKAM (+0,42 %) has landed a real coup! A global technology giant has chosen Akamai as its strategic cloud computing provider and will invest more than 100 million dollars in its infrastructure services over several years. 💰

But what does this mean for Akamai and investors? First of all, it shows that Akamai is not only strong in cybersecurity, but is also gaining the trust of large companies as a provider of cloud solutions. The agreement allows customers to use Akamai's extensive services to improve their own infrastructure.

According to COO Adam Karon, today's technology requires complex and reliable cloud services. Which brings us to the question: how important are such strategic partnerships for a company's growth? Could this be Akamai's next big step towards a successful future? Join the discussion! 📈

Which cybersecurity stock do you think has the deepest moat?

I honestly understand the difference between

$AKAM (+0,42 %)
$ZS (+1,36 %)
$NET (+1,08 %)
$CRWD (+0,69 %)
$PANW (+0,28 %)

and $FTNT (+2,62 %) not quite.

I personally opted for Fortinet because its fundamentals look the healthiest.

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟬𝟰.𝟬𝟱.𝟮𝟬𝟮𝟮

Hello getquin,

today the quarterly results of Airbnb, Starbucks, Moderna and Uber were presented. We also talk about Meta, oil and Twitter.

𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗹𝗮𝗻𝗱🇩🇪:

1. 𝘔𝘦𝘵𝘢 𝘴𝘵𝘦𝘩𝘵 𝘷𝘰𝘳 𝘦𝘪𝘯𝘦𝘳 𝘫𝘢𝘩𝘳𝘦𝘭𝘢𝘯𝘨𝘦𝘯 𝘴𝘵𝘳𝘦𝘯𝘨𝘦𝘳𝘦𝘯 𝘒𝘢𝘳𝘵𝘦𝘭𝘭𝘢𝘶𝘧𝘴𝘪𝘤𝘩𝘵 𝘪𝘯 𝘋𝘦𝘶𝘵𝘴𝘤𝘩𝘭𝘢𝘯𝘥

Meta is the next tech giant to fall under a special anti-competitive abuse control regime in Germany. The designation, which is valid for five years, empowers the regulator, the Bundeskartellamt (BKartA), to respond more quickly to competition concerns related to Meta's activities by imposing operational conditions to correct antitrust violations.

🟥 US30303M1027, €198.50 (🔽 -0.85%)

More on Meta and antitrust oversight: https://tcrn.ch/38Pwl9I

𝗘𝘂𝗿𝗼𝗽𝗮🌍:

1. oil𝘭𝘱𝘳𝘦𝘪𝘴𝘦 𝘴𝘵𝘦𝘪𝘨𝘦𝘯

Oil prices jumped Wednesday as the European Union, unveiled plans to phase out imports of Russian crude, offsetting demand concerns from China, the main importer. Brent crude futures rose $3.99, or 3.8%, to $108.96 a barrel. West Texas Intermediate crude futures rose $4.05, or 4%, to $106.46 a barrel.

🟩 Oil price in dollars (Brent) per barrel, $108.93(🔼 +3.35%).

More on the reasons for rising oil prices here: https://reut.rs/3LNNdN0

𝗪𝗲𝗹𝘁🌎🌏🌍:

1. 𝘔𝘶𝘴𝘬 𝘴𝘢𝘨𝘵, 𝘥𝘢𝘴𝘴 𝘜𝘯𝘵𝘦𝘳𝘯𝘦𝘩𝘮𝘦𝘯 𝘶𝘯𝘥 𝘙𝘦𝘨𝘪𝘦𝘳𝘶𝘯𝘨𝘦𝘯 𝘮ö𝘨𝘭𝘪𝘤𝘩𝘦𝘳𝘸𝘦𝘪𝘴𝘦 𝘧ü𝘳 𝘥𝘪𝘦 𝘕𝘶𝘵𝘻𝘶𝘯𝘨 𝘷𝘰𝘯 𝘛𝘸𝘪𝘵𝘵𝘦𝘳 𝘣𝘦𝘻𝘢𝘩𝘭𝘦𝘯 𝘮ü𝘴𝘴𝘦𝘯

Elon Musk has said that businesses and governments will soon have to pay a "small cost" to use Twitter, just weeks after announcing that he plans to buy the social media platform for $44 billion. The tech billionaire, who is also CEO of Tesla and SpaceX, added in a post late Tuesday that the platform will continue to be free for "casual users." It's unclear how much Musk wants to charge businesses and governments, or whether certain groups such as nonprofits and journalists will be exempt from fees.

🟥US90184L1026, PRICE (🔼🔽 -0.93%)

Interested in the consequences? https://cnb.cx/3w70zwY

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻:

$ABNB (-1,49 %)

Apartment rental company Airbnb is making a strong comeback after its business slumped during the Corona crisis. In the first quarter of 2022, revenues grew 70 percent year-on-year to $1.5 billion (€1.4 billion), the company reported after the US close.

LPS: 🟩-0.24$ expected vs -0.01$ reported; variance: +94.23%.

Revenue: 🟩$1.45bn expected vs $1.51bn reported; variance: +3.89%

Source: https://bit.ly/3KCAZoY

$SBUX (-2,4 %) :

Starbucks on Tuesday lifted its fiscal 2022 forecast as covid closures in China hurt international sales. Still, strong demand in the U.S. offset sharp declines in China, and the company's quarterly revenue beat Wall Street estimates. Shares rose 5% in extended trading after the report.

EPS: 🟥 $0.6 expected vs $0.59 reported; variance: -0.88%.

Revenue: 🟩 $7.6 billion expected vs $7.64 billion reported; variance: +0.44%

Source: https://cnb.cx/3KKzSUd

$UBER (-1,72 %) :

Uber reported rising first-quarter revenue on Wednesday. The ride-sharing company said it has recovered from its coronavirus slump and does not need to make "significant" investments to keep drivers on the platform. However, the company also reported a $5.9 billion loss, largely due to the revaluation of investments. Shares fell more than 10% after the stock market opened.

LPS: 🟩$-0.11 expected vs $-0.10 reported; variance: +15.79%.

Revenue: 🟩 $6.1 billion expected vs $6.85 billion reported; variance: +12.31%

Source: https://cnb.cx/3KWxOc1

$MRNA (+3,23 %) :

Moderna sold $5.9 billion of its Covid vaccine in the first quarter, beating revenue and profit expectations. Shares of the biotech company rose more than 7% in premarket trading Wednesday. Moderna maintains its full-year guidance of $21 billion for the Covid vaccine.

EPS: 🟩$5.21 expected vs $8.58 reported; variance: +64.68%.

Sales: 🟩 $4.62 billion expected vs $6.07 billion reported; variance: +12.31%

Source: https://cnb.cx/384Pd4K

𝗦𝘁𝗼𝗰𝗸 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP, $SBUX (-2,4 %) Starbucks Corp (🔼+5.45%).

🟥 FLOP, $AKAM (+0,42 %) Akamai Technologies Inc (🔽-11.96%)

🟩 Most searched, $BAS (-0,2 %) BASF SE (🔼+3.38%)

🟩 Most traded, $BAS (-0,2 %) BASF SE (🔼+3.38%)

🟥 S&P500 (🔽-0.42%)

🟥 DAX (🔽-0.17%)

🟩 $BTC (+0,18 %) Bitcoin ₿, $38,775.00 (🔼+2.79%)

FunFact of the day: if you bought Microsoft stock for $100 in 1986, it would be worth about $46,400 today.

What's your take on the quarterly numbers? What do you think of Musk's plan?

What do you think about AKAMAI? They produce digital security and cloud products. Also they have a product against scraper and bots. I think this will become more and more important in the future. They cost websites a lot of resources. What is your opinion about AKAMAI?