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Better Cybersecurity Stock: Palo Alto Networks vs. Fortinet

TheMotleyFool

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Better Cybersecurity Stock: Palo Alto Networks vs. Fortinet: https://g.foolcdn.com/editorial/images/703242/it-security-worker.jpg

Palo Alto Networks (NASDAQ: PANW) and Fortinet (NASDAQ: FTNT) are both promising cybersecurity companies that have consistently bested the market. Over the past five years, Palo Alto's stock rallied about 240% as Fortinet's stock surged more than 580%. By comparison, the Nasdaq Composite rose just over 60% and the S&P 500 by about 40%.

Both companies impressed investors with their robust revenue growth and rising profits. Investors also increasingly viewed the cybersecurity market -- which Fortune Business Insights expects to grow at a compound annual rate of 13.4% between 2022 and 2026 -- as an evergreen industry that could weather the unpredictable macro headwinds.

Image source: Getty Images.

Source Fool.com

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