Cybersecurity is a massive industry that has never been more important. Hackers are more adept at breaching systems and causing havoc for companies. Precautions must be taken to protect internal and customer data.
This requires implementing one (or several) cybersecurity solutions, and, as a result, investors should consider adding cybersecurity stocks to their portfolio, as demand for their products is massive.
Two of the most popular are Palo Alto Networks (NASDAQ: PANW) and CrowdStrike (NASDAQ: CRWD). But which one is the better buy? Let’s find out.
Palo Alto and CrowdStrike compete heavily
First, let’s discuss each company’s primary business within the cybersecurity realm.
Palo Alto divides its business into three segments: network security, cloud security, and security operations. Its network security business includes firewalls and a zero-trust platform that prevents outsiders from…