Better Cybersecurity Stock: CrowdStrike vs. Palo Alto Networks
Organizations around the world depend on cybersecurity to protect against hackers. The extent of that dependency became apparent on July 19 when a software update made by cybersecurity company (NASDAQ: CRWD) contained an error, causing widespread disruption across many businesses, including airlines, hospitals, and banks.
This unexpected incident prompted CrowdStrike shares to plummet 11% on the day of the outage. Since then, the stock has continued to drop, falling below $270 at the time of this writing, well off its 52-week high of $398 on July 9. Is this dip an opportunity to pick up the stock?
Or is it better to buy shares in a CrowdStrike rival, such as Palo Alto Networks (NASDAQ: PANW)? The stock's price has risen in the wake of CrowdStrike's botched software update. Let's compare these two cybersecurity companies to decide which is the better investment.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 136 Buy predictions and 2 Sell predictions.
As a result the target price of 336 € shows a positive potential of 42.43% compared to the current price of 235.9 € for CrowdStrike Holdings Inc.
