Better Cybersecurity Stock: CrowdStrike vs. Palo Alto Networks
CrowdStrike (NASDAQ: CRWD) and Palo Alto Networks (NASDAQ: PANW) represent two very different ways to invest in the growing cybersecurity market. CrowdStrike operates a cloud-native platform that eliminates the need for on-site appliances (which can be expensive and difficult to scale as an organization expands). Palo Alto provides a diverse mix of on-site appliances, cloud-based services, and artificial-inteligence-powered threat detection tools.
Over the past 12 months, CrowdStrike's stock plunged more than 40% as rising interest rates drove investors away from higher-growth tech stocks. Palo Alto Networks' share price fared a lot better with just a mild decline of 3%. Will Palo Alto continue to outperform its higher-growth competitor over the long term?
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Source Fool.com
