The Latest Breaking News from Palo Alto

Cybersecurity stocks were slammed hard by Fortinet's macroeconomic warning last week, but growth forecasts for the industry are optimistic. Should you buy Palo Alto Networks on the dip?

Palo Alto Networks Inc (NASDAQ: PANW) shares are trading higher Tuesday after the company reported strong financial results, issued guidance and announced a three-for-one stock split.

Today I'll analyze and compare Palo Alto Networks (PANW) and Fortinet (FTNT) to determine which cybersecurity stock is currently a better investment.

With the chaos in Thursday’s markets instigated by Russia’s invasion of Ukraine, investors are still hunting for bargains in the technology sector. Back in the 1990s, the darling of the tech sector was storage and networking issues. In the 2020s, it may be cybersecurity issues moving into the role.

Shares of cybersecurity stocks, including IronNet Inc (NYSE: IRNT), Palo Alto Networks Inc (NASDAQ: PANW) and CrowdStrike Holdings Inc (NYSE:

Analysts raised their price targets on Palo Alto Networks Inc (NASDAQ:PANW) following Q2 results. JPMorgan analyst Sterling Auty upgraded Palo to Neutral from Underweight with a PT of $620, up from $600 (30.4% upside).  Palo Alto is one of the cybersecurity companies well-positioned to compete for the cloud security opportunity, Auty said. The analyst says the…