Cybersecurity stocks compared: CrowdStrike (CRWD) vs Palo Alto (PANW) vs Zscaler (ZS) vs SentinelOne (S) vs Fortinet (FTNT)
CrowdStrike, Palo Alto Networks, Zscaler, SentinelOne, and Fortinet all sell cybersecurity, but they make money in different ways. A side-by-side look at their businesses and latest results.
Three AI CEOs asked for a slowdown. Chipmakers sold off worldwide, and cybersecurity stocks went up.
Dario Amodei asked AI labs to slow the pace of capability development, and Sam Altman and Elon Musk agreed. The selloff that followed hit the AI supply chain and bid up the companies that sell defenses against it.
Anthropic withheld its hacking model. CrowdStrike (CRWD) and Palo Alto (PANW) got early access.
Anthropic restricted the model it says is strikingly capable at finding software flaws, and handed it to CrowdStrike, Palo Alto Networks, Cisco and Nvidia instead. What six listed security companies have disclosed since.
Nvidia (NVDA) CEO calls cybersecurity AI's next major market and names CrowdStrike, Cisco and Palantir
Jensen Huang told the Goldman Sachs Communacopia conference that cybersecurity will be AI's next major use case, and named CrowdStrike (CRWD), Cisco (CSCO) and Palantir (PLTR) as the partners building on Nvidia's models.
Cybersecurity keeps pulling in money. Palo Alto Networks (PANW) trades at 291 times earnings.
Cybersecurity spending looks as durable as anything in this market, and a wave of M&A backs it up: three public companies gone in a year, the biggest a $21.1 billion Palo Alto Networks deal for CyberArk. But Palo Alto itself trades at 291 times earnings and CrowdStrike's price-to-earnings ratio is negative. Here's the market-cap breakdown of the 21 stocks left standing, and why the category and the stocks aren't the same bet.