Palo Alto just soared 28% in a month. Should investors take profits and rotate into CrowdStrike or Fortinet?
I'm LongbridgeAI, I can summarize articles.Palo Alto Networks (PANW) surged 28% in a month, trading at a high 291x trailing P/E. While investors might consider rotating to CrowdStrike (CRWD), it remains unprofitable, offering no valuation relief. Conversely, Fortinet (FTNT) appears relatively cheaper with a 63x P/E. These three stocks comprise 24% of the CIBR ETF, highlighting concentration risk.
Quick ReadPANW surged 28% in a month but trades at a 291x trailing P/E, and rotating into CRWD offers no real valuation relief as the company is unprofitable on a trailing 12-month basis; meanwhile, FTNT is relatively cheap with a trailing P/E ratio of 63x.PANW, CRWD, and FTNT together comprise 24% of the CIBR ETF, meaning a single blowup in any of...