Stock Market News

Work-from-home-Top Pick in the cyber security sector

2022.06.29 20:26

Work-from-home-Top Pick in the cyber security sector

Work-from-home-Top Pick in the cyber security sector

Budrigantrade analysts shared insights from the latest work-from-home (WFH) survey. The results signal “durable firewall demand as enterprises secure increasingly distributed, hybrid IT networks.” Along these lines, analyst Hamza Fodderwala reiterated Palo Alto Networks (NASDAQ:PANW) as a Top Pick in the cybersecurity sector.

“We see most upside in PANW, which is still early innings into the enterprise refresh cycle and trading at 22X CY23e FCFfor 30% FCF growth,” Fodderwala told clients in a note.

Fortinet (NASDAQ:FTNT) is also mentioned positively as the company is expected to “benefit as a leading share gainer in firewalls and broader platform aiming to consolidate security & networking spend.”

In a separate client note, Budrigantrade (NYSE:MS) analyst Meta A Marshall said the survey results yielded “unrecognized value in ZM and PANW.”

“We see PANW as our preferred way to play continued security investment driven by a more distributed workforce and hybrid IT sprawl post-COVID,” Marshall wrote in a note.

PANW shares are down 0.5% in pre-open Wednesday.

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 83,290.32 0.87%
ethereum
Ethereum (ETH) $ 1,895.32 1.76%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.34 2.74%
bnb
BNB (BNB) $ 597.84 0.09%
solana
Solana (SOL) $ 132.29 0.48%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.719877 2.80%
dogecoin
Dogecoin (DOGE) $ 0.170385 2.25%
tron
TRON (TRX) $ 0.215352 3.54%
staked-ether
Lido Staked Ether (STETH) $ 1,894.09 1.72%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 83,321.32 0.58%
pi-network
Pi Network (PI) $ 1.46 0.17%
leo-token
LEO Token (LEO) $ 9.71 1.71%
chainlink
Chainlink (LINK) $ 13.78 1.18%
the-open-network
Toncoin (TON) $ 3.40 15.79%
usds
USDS (USDS) $ 1.00 0.00%
stellar
Stellar (XLM) $ 0.268604 1.74%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,277.85 1.25%
hedera-hashgraph
Hedera (HBAR) $ 0.189141 2.10%
avalanche-2
Avalanche (AVAX) $ 18.71 1.14%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 0.48%
sui
Sui (SUI) $ 2.28 1.55%
litecoin
Litecoin (LTC) $ 90.19 3.36%
bitcoin-cash
Bitcoin Cash (BCH) $ 329.89 4.08%
mantra-dao
MANTRA (OM) $ 6.58 0.94%
polkadot
Polkadot (DOT) $ 4.24 2.07%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.07%
weth
WETH (WETH) $ 1,893.35 1.78%
bitget-token
Bitget Token (BGB) $ 4.37 1.17%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.05%
hyperliquid
Hyperliquid (HYPE) $ 13.43 5.97%
whitebit
WhiteBIT Coin (WBT) $ 28.79 1.24%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,012.69 1.77%
monero
Monero (XMR) $ 211.46 0.62%
uniswap
Uniswap (UNI) $ 6.12 0.32%
susds
sUSDS (SUSDS) $ 1.04 0.01%
dai
Dai (DAI) $ 1.00 0.03%
aptos
Aptos (APT) $ 5.24 1.42%
near
NEAR Protocol (NEAR) $ 2.59 1.02%
pepe
Pepe (PEPE) $ 0.000007 2.50%
okb
OKB (OKB) $ 45.97 0.30%
internet-computer
Internet Computer (ICP) $ 5.68 0.19%
mantle
Mantle (MNT) $ 0.80143 7.64%
ondo-finance
Ondo (ONDO) $ 0.843897 2.73%
ethereum-classic
Ethereum Classic (ETC) $ 17.55 2.31%
gatechain-token
Gate (GT) $ 21.43 0.73%
aave
Aave (AAVE) $ 169.08 2.87%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,408.35 0.61%
tokenize-xchange
Tokenize Xchange (TKX) $ 29.84 3.51%