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Jim Cramer Believes Cybersecurity Stocks Like Palo Alto & CrowdStrike Will Do Well
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Palo Alto Networks, Inc. (NASDAQ:PANW) and CrowdStrike Holdings, Inc. (NASDAQ:CRWD) are part of the cybersecurity sector, which Cramer has been a fan of.
To understand the concerns, consider Palo Alto Networks, Inc. (NASDAQ:PANW)’s P/E multiple, which is 78.74.
As for Palo Alto Networks, Inc. (NASDAQ:PANW), the debate surrounds the firm’s decision to combine different cybersecurity platforms in a single bundle.
While Palo Alto Networks, Inc. (NASDAQ:PANW)’s 78.74 multiple is lower than CrowdStrike’s, it is still higher than Zscaler’s 32.36 and Fortinet’s 52.63.
Interest in Palo Alto Networks, Inc. (NASDAQ:PANW) was stronger as 87 funds held a stake.