5 Best Cybersecurity Stocks to Buy Now

1. Broadcom Inc. (NASDAQ:AVGO)

Market cap as of August 15: $226.367 billion

Broadcom Inc. (NASDAQ:AVGO) is an American company primarily focusing on semiconductor technology. Moreover, the company’s Symantec® Enterprise Cloud is a cybersecurity solution that provides data-centric hybrid security solutions to large enterprises. 

Broadcom Inc. (NASDAQ:AVGO) has an 11-year history of consecutive dividend returns and an 82% dividend safety score. Furthermore, it has an average recession dividend cut risk of 0.5% and a severe recession dividend cut risk of 1.8%. As of August 15, the company has a dividend yield of 2.94% with an annualized dividend payout of $16.40. The latest quarterly dividend of $4.10 was paid out on June 30 to the shareholders of record on June 22.

On July 20, Deutsche Bank analyst Ross Seymore maintained a Buy rating on Broadcom Inc. (NASDAQ:AVGO)’s shares and lowered the price to $635 from $700.

Here is what ClearBridge Investments had to say about Broadcom Inc. (NASDAQ:AVGO) in its Q4 2021 investor letter:

“However, ClearBridge portfolio companies are responding by supporting their workforces and showing resilience in adapting and thriving. Semiconductor companies ClearBridge owns and engages with have been successful in advancing vaccinations in their global supply chains. In Malaysia, for example, Broadcom has taken part in PIKAS, a public-private partnership vaccination program focusing on the workforce in critical manufacturing sectors. By the summer of 2021, Broadcom was able to get over 90% of workers in its Penang factory at least one dose of vaccine, and roughly 73% fully vaccinated. Companies in the program also pay the administration cost for vaccinations including cases where the employee is no longer employed by the company before full immunization of the employee.”

You can also take a look at 10 Stocks To Buy According to William Von Mueffling’s Cantillon Capital Management and 10 Important Energy Stocks Making Moves After Earnings.

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