CIBR - （First Trust NASDAQ Cybersecurity ETF）

With the post-State of the Union address market presenting jitters, contrarian investors enjoy potential discounted opportunities, particularly among cybersecurity stocks to buy. While the benchmark First Trust NASDAQ Cybersecurity ETF (NASDAQ: CIBR ) may have gained roughly 9% in the new year, it declined half-a-percent in the trailing five sessions. Also, in the trailing year, it’s down about 13%. Nevertheless, the red ink presents an intriguing case for cybersecurity stocks to buy. Fundamentally, demand for the underlying sector will only rise higher. According to data from SonicWall, in 2021, ransomware attacks increased by 105% from the previous year. As well, encrypted threats jumped by 167%. More than likely, we’ll see similar figures for 2022, if not higher. Plus, the business model of cybersecurity makes perfect sense. For instance, the average cost of malware-related attacks pings at $1.4 million. However, for major enterprises, the figure can soar considerably. Therefore, protection begins to pay off rather quickly, boding well for the below cybersecurity stocks to buy.

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.

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.

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.

Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR) by 3,988.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,372 shares of the companys stock after buying an additional 14,996 shares during the period. []