Cloud Security Stocks Outperform the S&P 500 by Over 37%

According to data gathered and analyzed by Atlas VPN, cloud security stocks outperform the S&P 500 by over 37% in 2020. The main reasons being, increasingly more people are working from home and losses due to cybercrime are expected to double over the next five years, from 3 trillion in 2019 to 6 trillion in 2024.

The report reveals that:

• Year-to-date, cloud security stocks brought 37.69% greater returns than the S&P 500. 
• On average, cloud security share prices increased by 24.04% in 2020.
• The best performing cloud-based stock, Zscaler (ZS) surged by 34.6% in just four months. 
• Cloudflare (NET), a company responsible for securing the 2020 US elections, saw a 24.15% ROI in 2020 so far.
• Even though most cloud protection stocks dropped at the start of the COVID-19 pandemic, they bounced back to their 2020 price peak in less than three weeks. 

To see the full report, please click here.

The full report provides additional year-to-date (YTD) ROI statistics as well as the analysis of the S&P 500 and cloud security stock movements during the pandemic.