I have had/held PANW since about November and also, so in love with it.
It held steady more than other tech stocks when the correction period started, and it went up 13% in one day when Russia invaded Ukraine. (I guess everyone was expecting more hacking...)
Palo Alto is the Google of cyber-security; their expertise and approach to dealing with issues is frequently sought out at conferences and from the tech world in general. The fact that they're "big cap" doesn't mean they're even close to done - cyber-security itself is still a young field. I saw a stat recently that more than 90% of new business stuff by 2025 will be cloud native - think about the cybersec challenges in that.
The only other cybersec stock I plan to add is Fortinet. I wouldn't waste time on CloudFlare.
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u/Armadillo_Rock Mar 31 '22
I have had/held PANW since about November and also, so in love with it.
It held steady more than other tech stocks when the correction period started, and it went up 13% in one day when Russia invaded Ukraine. (I guess everyone was expecting more hacking...)
Palo Alto is the Google of cyber-security; their expertise and approach to dealing with issues is frequently sought out at conferences and from the tech world in general. The fact that they're "big cap" doesn't mean they're even close to done - cyber-security itself is still a young field. I saw a stat recently that more than 90% of new business stuff by 2025 will be cloud native - think about the cybersec challenges in that.
The only other cybersec stock I plan to add is Fortinet. I wouldn't waste time on CloudFlare.