Organizations around the world depend on cybersecurity to protect against hackers. The extent of that dependency became apparent on July 19 when a software update made by cybersecurity company (NASDAQ: CRWD) contained an error, causing widespread disruption across many businesses, including airlines, hospitals, and banks.
This unexpected incident prompted CrowdStrike shares to plummet 11% on the day of the outage. Since then, the stock has continued to drop, falling below $270 at the time of this writing, well off its 52-week high of $398 on July 9. Is this dip an opportunity to pick up the stock?
Or is it better to buy shares in a CrowdStrike rival, such as Palo Alto Networks (NASDAQ: PANW)? The stock’s price has risen in the wake of CrowdStrike‘s botched software update. Let’s compare these two cybersecurity companies to decide which is the better investment.
Source Fool.com
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