Better Buy: Palo Alto Networks vs. Fortinet
By virtually all estimates, the cybersecurity market will balloon over the next several years, and it's not hard to see why. Recent hacks affecting hundreds of millions of people around the globe point up the necessity to protect sensitive systems. And the Internet of Things (IoT) and cloud data centers are amassing and housing previously unheard of quantities of data. One estimate suggests the cybersecurity business will generate over $134 billion in revenue this year, and mushroom to over $200 billion in 2021.
Both Palo Alto Networks (NYSE: PANW) and Fortinet (NASDAQ: FTNT) are benefiting from those trends, and stand to gain further. But which is the better buy today? Let's peel away the layers and consider.
Image source: Getty Images.
Source: Fool.com
Fortinet Inc. Stock
With 34 Buy predictions and 3 Sell predictions Fortinet Inc. is one of the favorites of our community.
With a target price of 70 € there is a positive potential of 23.83% for Fortinet Inc. compared to the current price of 56.53 €.
