Cybersecurity
Network, endpoint, identity, cloud and data security software and services.
Leadership as of 2026-10-27: Leading. Relative to SPY: 5 sessions +16.5pp, 21 sessions +13.7pp, 63 sessions +35.4pp. Participation 85%; 19 of 22 members eligible.
- 21-session excess +13.7pp ≥ +2.0
- 63-session excess +31.3pp (robust) ≥ +2.0
- 21-session excess without the strongest member +11.8pp > 0
- 85% of window members beat SPY over 21 sessions
Economic family: Software
Member companies
- Qualys, Inc. (QLYS)
- Tenable Holdings, Inc. (TENB)
- Okta, Inc. (OKTA)
- Rubrik, Inc. (RBRK)
- Netskope, Inc. (NTSK)
- CrowdStrike Holdings, Inc. (CRWD)
- Rapid7, Inc. (RPD)
- SentinelOne, Inc. (S)
- OneSpan Inc. (OSPN)
- Radware Ltd. (RDWR)
- Fortinet, Inc. (FTNT)
- Palo Alto Networks, Inc. (PANW)
- Zscaler, Inc. (ZS)
- Mitek Systems, Inc. (MITK)
- Cloudflare, Inc. (NET)
- NetScout Systems, Inc. (NTCT)
- Check Point Software Technologi (CHKP)
- A10 Networks, Inc. (ATEN)
- Akamai Technologies, Inc. (AKAM)
- Allot Ltd. (ALLT)
- Arqit Quantum Inc. (ARQQ)
- Telos Corporation (TLS)
Related themes
- Collaboration Software: Leading — 21-session vs SPY +25.4pp, participation 100%
- Customer Engagement & Marketing: Leading — 21-session vs SPY +23.1pp, participation 92%
- Finance, Tax & Accounting Software: Leading — 21-session vs SPY +22.7pp, participation 100%
- Vertical Industry Software: Leading — 21-session vs SPY +18.1pp, participation 100%
- Data Infrastructure Software: Leading — 21-session vs SPY +16.7pp, participation 100%
- DevOps, Observability & IT Operations: Leading — 21-session vs SPY +16.1pp, participation 100%
- Banking & Financial Software: Improving — 21-session vs SPY +11.5pp, participation 100%
- HR & Payroll Software: Improving — 21-session vs SPY +8.8pp, participation 83%