Better Buy: Palo Alto Networks, Inc. vs. Fortinet
A glance at year-to-date performance suggests that cybersecurity specialist Fortinet (NASDAQ: FTNT) has won over investors, particularly compared to peer Palo Alto Networks (NYSE: PANW). Fortinet shareholders are enjoying a 22% bump in value in 2017, while Palo Alto has struggled to eke out a 5% gain.
After Fortinet's recent second-quarter earnings results, its stock has since nosedived 9%. As for Palo Alto, its quarterly release scheduled for Aug. 31 will help determine if CEO Mark McLaughlin has it heading in the right direction. As for which is the better buy -- Palo Alto or Fortinet -- for a number of reasons, there is a clear-cut answer.
Image source: Getty Images.
Source: Fool.com
Fortinet Inc. Stock
€69.67
0.400%
The stock is one of the favorites of our community with 32 Buy predictions and 3 Sell predictions.
At the moment Fortinet Inc. has reached the predicted target price of 70 €, with a current price of 69.67 €.
