Better Cybersecurity Stock: Palo Alto Networks vs. Fortinet
Palo Alto Networks (NASDAQ: PANW) and Fortinet (NASDAQ: FTNT) are both bellwethers of the cybersecurity sector. Both companies are known for consistently growing their billings and revenue by double-digit percentages while generating stable profits.
But over the past 12 months, Palo Alto's stock price is up about 22% while Fortinet's stock only advanced 11%. Let's see why the former outperformed the latter, and if it will remain the stronger cybersecurity stock over the next 12 months.
Image source: Getty Images.
Source Fool.com
Fortinet Inc. Stock
€67.75
-1.160%
The stock is one of the favorites of our community with 32 Buy predictions and 3 Sell predictions.
As a result the target price of 70 € shows a slightly positive potential of 3.32% compared to the current price of 67.75 € for Fortinet Inc..
