Palo Alto among stocks to play cybersecurity boom, Barron’s says

Demand for cybersecurity is booming as attacks proliferate and companies ramp up spending on software to comply with new disclosure rules. Many companies in the sector are up more than 50% this year and valuations are steep, but there is a bull case for three of the biggest names: Palo Alto Networks (PANW), CrowdStrike (CRWD), and Zscaler (ZS), Jack Denton writes in this week’s edition of Barron’s. Despite the big stock gains, the market may still not appreciate how much spending will rise to prevent security breaches and safeguard apps, data, and everyday business operations-including those at companies, hospitals, and government entities, the author adds.