Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, has been named by Forrester Research, Inc. as a Leader in The Forrester Wave: Web Application Firewalls, Q3 2022 report. Cloudflare’s Web Application Firewall (WAF) solutions received the highest possible score in 10 criteria including Innovation, Partner Ecosystem, Community,
Cloudflare, Ferrari, and TJX all have plenty of upside potential.
U.S. stocks closed mixed on Friday following the release of jobs data for July. Here is the list of some big stocks moving higher in the previous session. Carvana Co. (NYSE: CVNA ) jumped 40.1% to close at $46.98 after the company reported Q2 earnings results. Progyny, Inc. (NASDAQ: PGNY ) jumped 38.2% to close at $41.15 after the company reported better-than-expected Q2 results. Global Blood Therapeutics, Inc. (NASDAQ: GBT ) rose 33% to settle at $63.84 following reports suggesting Pfizer is in talks to acquire the company. Sensus Healthcare, Inc. (NASDAQ: SRTS ) surged 30.7% to close at $14.55 following strong quarterly results. Pagaya Technologies Ltd. (NASDAQ: PGY ) climbed 28.7% to close at $22.76 after dipping 34% on Thursday. Pagaya Technologies is expected to announce its Q2 earnings on August 16, 2022. Cloudflare, Inc. (NYSE: NET ) shares gained 27.1% to close at $74.24 after the company reported better-than-expected Q2 sales and raised FY22 sales guidance. Atlas Corp. (NYSE: ATCO ) gained 22.9% to close at $14.22 after the company said it received a non-binding proposal from Poseidon Acquisition Corp. to acquire all outstanding common shares of Atlas for $14.45 per share.
Cybersecurity stocks to buy on the dip is our topic for today. Shares of most cybersecurity firms outperformed the broader market early in 2022 following the Russian invasion of Ukraine yet failed to hold on to those gains amidst the selloff in tech stocks. For instance, the First Trust Nasdaq Cybersecurity ETF (NASDAQ: CIBR ), which invests in leading cybersecurity names, has declined 22% year-to-date (YTD). The ongoing selloff offers investors compelling opportunities to grab cybersecurity stocks at their most attractive valuations in years. Rising geopolitical turmoil, high-profile ransomware attacks, and the work-from-home trend underscore the need for cybersecurity protection. According to the Identity Theft Resource Center , the number of data breaches set a new record in 2021, up 23% over the previous all-time high and 68% year-over-year (YOY). Meanwhile, a recent survey by PricewaterhouseCoopers indicates close to 70% of businesses expect an increase in cyber spending this year.
This year has been a particularly rough year for growth stocks. The severe macroeconomic climate has led to a broad risk-off investment sentiment, forcing investors toward defensive plays. On the positive side, there are plenty of opportunities to buy well-known growth names at discounted valuations. For example, the Vanguard Growth ETF (NYSEARCA: VUG ), one of the largest growth exchange-traded funds (ETFs), is down 31% year-to-date (YTD), compared to a 21% decline for the S&P 500 index. Meanwhile, the iShares Russell 1000 Growth ETF (NYSEARCA: IWF ) has declined 28% in 2022, twice the 14% dip for its counterpart, the iShares Russell 1000 Value ETF (NYSEARCA: IWD ). The 7 Worst Stocks to Buy in a Bear Market However, history tells us high-growth stocks constitute a smart place for long-term investors to allocate a portion of their investment portfolio. With that information, here are seven growth stocks for Q3. Ticker Company Current Price ADI Analog Devices $145 NET Cloudflare $42.71 FAST Fastenal $49.77 LRCX Lam Research $421.50 RMD Resmed $211.55 SHOP Shopify $31.52 TER Teradyne $89.19 Analog Devices (ADI) Semiconductor play Analog Devices (NASDAQ: ADI ) manufactures integrated circuits that process high-performance analog and digital signals.
The former President and Chief Financial Officer of Salesforce brings an esteemed career in tech and finance to Cloudflare’s board Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced that Mark Hawkins, former President and Chief Financial Officer of Salesforce, was elected to the company''s board of directors at the Cloudflare 2022 Annual Meeting of Shareholders. During his more than 7 year career at Salesforce, Hawkins helped the company grow its revenue from $4 billion to $26 billion, eventually rising to President and CFO. Hawkins will lend his 35+ years of experience leading finance organizations at global software and technology companies including Salesforce, Autodesk, Logitech, Dell, and Hewlett Packard to support Cloudflare on its continued path of growth. “We''re honored to welcome Mark to Cloudflare’s Board of Directors,” said Matthew Prince, co-founder and CEO of Cloudflare. “Mark brings an
This article is excerpted from Tom Yeung’s Moonshot Investor newsletter. To make sure you don’t miss any of Tom’s potential 100x picks, subscribe to his mailing list here . Moonshots for a Changing World Can I be candid with you? I’m getting tired of losing money. Since December, only one of my top 5 Moonshot picks for 2022 is up. And it was a deep-value pick the newsletter wasn’t supposed to cover! POSaBIT (OTCMKTS: POSAF ). -38% Volt Information Sciences (NYSEAMERICAN: VOLT ). +102% Ethereum ( ETH-USD ). -40% Crypto.com Coin ( CRO-USD ). -62% Crispr Technologies (NASDAQ: CRSP ). -42% Thank goodness VOLT made it in. It’s helped my top picks cumulatively lose just -16% for the year, outperforming the broader S&P 500 index. Meanwhile, investors weighted toward high-growth stocks have done even worse. The Nasdaq Composite of tech-heavy stocks has dropped -27%, altcoins have lost -38%, and Cathie Wood’s ARKK Invest (NYSEARCA: ARKK ) is down a stunning -61%. It’s been a terrible year for anyone tasked with covering Moonshot investments.