Given the unprecedented situation with major threats Russia and China, Washington is not the only world power taking steps to strengthen the technical capabilities of its military and that of its allies while also seeking to protect the U.S. from cyber threats. Experts project that by 2027, the global network security market will command a valuation of $16.6 billion, representing a CAGR of 23.5% from 2023 estimates.
Long-term-minded investors would do well to include stocks from the segment as governments and businesses worldwide ramp up their efforts against cyber terrorism. But not all companies from the burgeoning subsector are set to last. Online security is a young, quickly evolving industry. Competition is heavy in the space, and demand continues to grow faster in both volume and complexity.
As a leader when it comes to cybersecurity solutions, today’s featured company is poised to scoop up a significant portion of the whopping 15.6 billion that the U.S. is expected to spend on cybersecurity in 2023. Unlike many of its competitors, this ticker is still reasonably priced.
Bezos, Musk, and Yellen Planning Behind the Scenes [$150 Trillion]
While most Americans were distracted by mainstream media headlines predicting a stock market crash…
PhD Investigative Journalist Nomi Prins found evidence that shows the elites are spending trillions of dollars to “transform” the economy.
Jeff Bezos and Elon Musk have pledged billions of dollars to make it happen…
And Treasury Secretary Janet Yellen is working with 131 countries, 234 cities, and 695 of the world’s biggest companies –including Bank of America, Nike, and Exxon Mobil –to overhaul everything about the American way of life.
Go here right now to see what it means for your family and your money
Booz Allen Hamilton (BAH) is one of the world’s largest cybersecurity solutions providers. Specializing in marketing cybersecurity products that are produced by other companies, nearly every U.S. federal, intelligence and defense agency uses its services. In other words, Booz Allen is poised to scoop up a significant portion of the whopping 15.6 billion that the U.S. is expected to spend on cybersecurity in 2023.
For its fiscal 2023 first quarter, which ended June 30, revenue surged 13% year over year to $2.25 billion, while its net income jumped an impressive 50% to $138.1 million. Wall Street expects $4.88 EPS for the full year, indicating a reasonable forward P/E of 19.4 times.
Stifel analyst Bert Subin recently raised the firm’s price target on BAH to $105 from $102 after hosting the company at the firm’s London Industrials & Renewables Summit and coming away with a favorable outlook, driven by continued demand tailwinds and an easing labor market.
The current consensus recommendation is to Buy BAH. A median price target of $105 implies an 11% upside. The stock comes along with an annual 1.82% dividend yield.
Where to invest $1,000 right now...
Before you consider buying BAH, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not BAH.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
The U.S. Economy is headed for trouble…
Why are stocks absolutely soaring right now…? Yet at the same time millions of Americans are out of work… Commercial bankruptcies are piling up… Delinquent credit card debt is skyrocketing… Not to mention, we are smack in the middle of a pandemic that has all but forced our economy to a grinding halt… Something’s just not adding up. Friend, if you are confused by all of this… You are not alone… [Full Story]