A roundup of investment ideas for active investors
) At the time, a number of prominent hacking incidents and heightened security concerns surrounding the adoption of cloud computing created an obvious need for cybersecurity. I didn’t buy it in the end – the stock price was acting in a way I didn’t understand near the US$40 level.
I generally don’t concern myself with missed opportunities – no active investor should expect to participate in every positive trend – but with Palo Alto’s stock price now near US$175 it’s hard not to develop a case of the What If?s .been a prominent security incident this month - customer information was stolen from U.S.
The sector as a whole traded lower by 10 per cent last week after two companies, Tenable Holdings Inc. and Cloudflare Inc., reported disappointing earnings results. Morgan Stanley, however, expects the remainder of the related stocks to announce profits in-line or exceeding consensus estimates. Recent price weakness could prove a good buying opportunity for Mr. Fodderwala’s top picks Palo Alto and Fortinet Inc.
I’m not going to buy Palo Alto specifically – it would feel too much like chasing, even after so many years – but a related company is tempting. Any further price weakness in the sector will have me re-doubling efforts to research promising, well-valued opportunities.This is the Globe Investor newsletter, published three times each week.
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