Written by Brenda Nakalema

9 Cybersecurity stocks are a buy if Russia launches Cyber-attacks.

In recent weeks, the threat of full-scale war in Ukraine has sent shockwaves across the stock market. Like has been …

In recent weeks, the threat of full-scale war in Ukraine has sent shockwaves across the stock market. Like has been seen in the past, not every crisis results in a loss for everyone; a few could stand to massively benefit from the war.

Russian troops have been moving in on Ukraine’s borders in light of Moscow’s objections to the Eastern European Country’s possible membership in the North Atlantic Treaty Organization (NATO), the western defensive alliance.

The Russian President, Vladimir Putin, recognized two key breakaway regions in Eastern Ukraine- already in the control of separatists- and on Monday, ordered troops into the region under the guise of peacekeeping. Following this decision, a wave of sanctions from other countries were imposed on Russia, largely targeting the country’s financial institutions and elites.

Despite the fact that a full-scale war will have dire consequences for troops and civilians alike on the ground, it’s unlikely that the conflict will be limited to troops on the ground.

When it comes to Cyberwarfare, Russia has emerged as a force to be reckoned with over the past decades. Analysts believe that Moscow might leverage this capability in a wider conflict and target Ukrainian data centres, networks, sensitive data, and other digital vulnerability points such as infrastructure.

“With Ukraine conflict now front and centre and poised to widen, we expect a surge of cybersecurity attacks from Russia state-sponsored organizations that could change the game for U.S/ European enterprises and governments over the coming months,” Dan Ives, an analyst at broker and investment bank Wedbush, said in a note.

Ives cites nine stocks he believes are well-positioned for a huge win should the conflict escalate.

The first he highlights is Palo Alto Networks (ticker: PANW), which has experienced a price jump of 7.5% in premarket trading on Wednesday after the group reported high demand for its security software in its latest quarterly results.

Zscaler (ticker: ZS), CrowdStrike (ticker: CRWD), Tenable Holdings (ticker: TENB), Varonis Systems (ticker: VRNS), Fortinet (ticker: FTNT), Telos (ticker: TLS), Mandiant (ticker: MNDT) and CyberArk (ticker: CYBR).

Ives isn’t the only one that appears to be bullish on these stocks; Wall Street seems to agree with him on all nine, except Mandiant, which has been given an average broker rating of Buy, according to FactSet data. Mandiant has an average rating of hold, but the consensus target price on stock-still implies a 14% upside.

There is even greater potential for others. The average target price among analysts for Palo Alto Network stock suggests 31% upside, with Zscaler set to increase 47%, Crowdstrike 64%, Tenable 44%, Varonis 57%, Fortinet 21%, CyberArk 44%, and Telos an astounding 141%.

“With a significantly elevated level of cyberattacks now appearing on the horizon, we believe added growth tailwinds for the cybersecurity sector and well-positioned vendors should be a focus sector for tech investors during this market turmoil,” Ives said.