NEW YORK (TheStreet) -- If you have never been the victim of a cyber-scam, you are probably a robot.
Advanced technology has blessed our lives in so many ways, but it has also made every single one of us more of a target than ever before. The latest cyber scam comes in the form of an email or "drive-by" download and holds your hard drive for ransom until you pay the phishers. This scam is not only on your computer but your smartphone or any other device that connects to a network. Great.
So how are we supposed to protect ourselves from the dangers that lie everywhere in technology use? This is one of the many reasons why I like Proofpoint (PFPT), a company that offers some powerful solutions for many power players.
Proofpoint is an innovative security-as-a-service vendor that delivers data protection solutions that help organizations protect their data from attack and enable them to effectively meet the complex and evolving regulatory compliance and data governance mandates that have been spawned from highly publicized data breaches.
What's more, Proofpoint recently announced a new product -- the next-generation predictive defense to its Targeted Attack protection solution. This new technology will protects its users from malware and advanced threats in both URLs and email attachments. Just think of all the email users who could use a product like this! So Proofpoint, already ranked a North American Fastest Growing Company (418th) in Deloitte's 2013 Technology Fast 500, has much further to grow.
Headquartered in Sunnyvale, Calif., Proofpoint came public in 2012 at $13 per share. Today it trades at $45 per share and is now a $1.6 billion small-cap tech stock with an aggressive risk profile. Let's test this stock to find out if it's a Best Stock Now.
The first test the stock must pass on its road to becoming a Best Stock Now is the performance test. I like stocks that are significantly outperforming the market. It did not become public until 2012, so while I normally check a stock's performance over the past one, three, five and 10 years, we only have the past one year of this stock's performance history.