3 Cybersecurity Stocks to Buy for Under $100

Cybersecurity stocks are a popular long-term growth bet, but many of them carry hefty price tags in triple digits. Here are three affordable picks worthy of a second look.

concept art of cybersecurity
(Image credit: Getty Images)

Cyberattacks on corporate and government targets have grown at an alarming rate for years. As a result, investors are increasingly turning to cybersecurity stocks as a reliable place for profits.

Every so often, a major event reminds investors of the world's need for better cybersecurity. For instance, at the end of 2020, attackers targeted SolarWinds (SWI (opens in new tab)), which provides software for more than 300,000 customers, from Fortune 500 companies to the federal government. Thousands of customers' information was compromised. Six months later, a hack of Colonial Pipeline sent gas prices soaring through parts of the United States.

Consider that even amid the market's recent conniptions, the Global X Cybersecurity ETF (BUG (opens in new tab)) remains up 35% over the past year, versus 23% for the S&P 500. Since inception in October 2019, the exchange-traded fund is up 96% versus the index's 51%.

An ETF is one way to gain exposure to cybersecurity. But for investors who prefer more concentrated wagers on individual stocks, there are numerous great companies in this space. Just one problem for some retail investors: Several cybersecurity stocks trade for a pretty penny. Industry leaders Zscaler (ZS (opens in new tab)) and Fortinet (FTNT (opens in new tab)) trade north of $300 per share, while Palo Alto Networks (PANW (opens in new tab)) is well over $500. That might be no big deal for some investors, but for others – especially younger investors – with little capital to work with, those prices represent a significant hurdle.

That's why today, we're going to take a look at three great cybersecurity stocks that each trade for less than $100 per share. Each of these stocks can provide significant exposure to some great growth opportunities in cybersecurity, and they're all accessible to portfolios of just about any size.

Data is as of Dec. 1. Average price targets and analyst ratings provided by market data tool Koyfin.

Michael Adams
Contributing Writer, Kiplinger.com

Michael Adams's financial writing career has spanned roles with KCI Communications, The Motley Fool, InvestorPlace, InvestingDaily and other major financial publishing outlets. Michael’s personal investing style is based on a buy-and-hold approach of primarily up-and-coming tech businesses. He uses fundamental analysis to find great companies with the possibility for tremendous growth over the course of years.