5 Best Cybersecurity ETFs

2. First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR)

5-Year Performance as of August 6: 66.58%

First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR)’s primary goal is to track the price and yield performance of the Nasdaq CTA Cybersecurity Index. This index is designed to monitor the performance of firms operating within the cybersecurity sector. The ETF’s inception date was July 6, 2015, and it currently offers an expense ratio of 0.60%. As of August 4, 2023, the fund holds around $5 billion in net assets and has a portfolio comprising 35 stocks. First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR) is one of the best cybersecurity ETFs to buy. 

Fortinet, Inc. (NASDAQ:FTNT) is one of the top holdings of First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR). The company provides cybersecurity and networking solutions worldwide. On August 3, Fortinet, Inc. (NASDAQ:FTNT) reported a Q2 non-GAAP EPS of $0.38, beating market consensus by $0.04. The revenue increased 25.2% year-over-year to $1.29 billion, however, it fell short of Street estimates by $10 million. 

According to Insider Monkey’s first quarter database, Fortinet, Inc. (NASDAQ:FTNT) was part of 45 hedge fund portfolios, compared to 47 in the prior quarter. Andreas Halvorsen’s Viking Global is the leading stakeholder of the company, with 11.8 million shares worth $789.2 million. 

Conestoga Mid Cap Strategy made the following comment about Fortinet, Inc. (NASDAQ:FTNT) in its Q1 2023 investor letter:

“Fortinet, Inc. (NASDAQ:FTNT): FTNT is the worldwide market share leader in network security firewalls (by units). During the quarter, FTNT reported solid earnings and put forth better-than-feared 2023 guidance as demand appears to be more resilient (and broad-based) than expected. The company has been able to ship more firewalls as supply chain issues (primarily semiconductor chips) have eased considerably. As the ‘attack surface’ increases with ever more devices connected to the internet, FTNT’s long-term opportunities remain bright.”