Better Buy: Palo Alto Networks vs. Okta
Investors have radically different outlooks for Palo Alto Networks (NASDAQ: PANW) and Okta (NASDAQ: OKTA). Even though both companies are in the cybersecurity industry, which has a bright long-term outlook, their stocks have been on divergent paths through most of 2022. Okta shares are down over 70% through mid-December while Palo Alto Networks is down 13%.
Those declines could set the stage for excellent returns for investors willing to hold either of these stocks for the long term. But which one would make the better buy today? Let's take a closer look.
Palo Alto Networks easily wins in the growth matchup, although both companies are expanding today. Okta's most recent report showed a 37% sales increase while Palo Alto grew at a 25% pace.
Source Fool.com
