Shining Stars
The 10 most valuable companies in cybersecurity were worth more than $229 billion combined as of Thursday, with one vendor nearly doubling its market cap over the past 12 months, two vendors more than tripling their valuations, and one vendor more than quadrupling its valuation. This CRN analysis focused on the 27 publicly traded companies that derive a majority of their revenue from cybersecurity.
Success in the financial markets was often accompanied by rapid revenue and headcount expansion, with seven companies expecting to boost sales in their current fiscal year by at least 18 percent and four projecting sales growth of at least 40 percent. Six vendors have grown the size of their workforce by at least 16 percent over the past 12 months, while four have boosted headcount by at least 37 percent.
Seven of the most valuable cybersecurity companies have been founded since 2000, while five have conducted their initial public offerings since 2017. Three of the vendors were established to secure networks, three were founded to secure endpoints, two were established to secure the web, one was founded to secure email, and one was established to secure identities.
Here’s a look at the big technology, acquisition and channel bets the 10 most valuable cybersecurity companies have made over the past year to establish and maintain their dominance.
