Cybersecurity Sector Ideas

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Ping Identity - >>> 5 Stocks to Buy With $100 During a Market Sell-Off


Fortunes are made by putting your money to work during periods of panic.


Motley Fool

by Sean Williams

Oct 30, 2020


https://www.fool.com/investing/2020/10/30/5-stocks-to-buy-with-100-during-a-market-sell-off/


Buying into businesses that are on the leading edge of innovation in the cybersecurity space is another good way to make money over the long term. That's why your $100 might be spent on shares of Ping Identity (NYSE:PING).

With more businesses than ever having no choice but to move their presence online and/or operate remotely during the coronavirus disease 2019 (COVID-19) pandemic, the door has opened for companies like Ping Identity to thrive. Ping specializes in identity-verification solutions, with its cybersecurity platform leaning on artificial intelligence to grow smarter over time. In other words, the more events Ping's security platform oversees, the smarter it gets at identifying potential threats and requesting secondary verifications before allowing access to enterprise data.

Ping Identity has been hit a bit harder than most software-as-a-service companies during the pandemic, but it also offers intriguing value in an otherwise pricey industry. The company is already profitable, capable of double-digit sales growth in 2021 and beyond, and valued at less than nine times Wall Street's estimated sales for next year. That's a bargain!

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