After outperforming in 2019-2021, Apple Inc's (NASDAQ: AAPL) shares largely traded in line with the SP50 (~-20% YTD), Citi analyst Jim Suva noted. Suva reiterated a Buy on Apple with a $175 price target. Shares have fared better than the large-cap peers Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, Meta Platforms Inc (NASDAQ: META), Netflix Inc (NASDAQ: NFLX), Amazon.com Inc (NASDAQ: AMZN). Looking ahead, there are several puts and takes for Apple's products and services, given broader mac Read More...
Motley Fool
Why CrowdStrike, Palo Alto Networks, and Fortinet Fell Today
Shares of cybersecurity software stocks CrowdStrike (NASDAQ: CRWD), Palo Alto Networks (NASDAQ: PANW), and Fortinet (NASDAQ: FTNT) were falling today, down 2.1%, 1.1%, and 1.3% as of 1:49 p.m. ET, even though the broader Nasdaq Composite was up by about 1.5% at that time. Yesterday, Palo Alto announced the closing of its acquisition of Cider Security, a leader in software application protection. On Tuesday night, cybersecurity peer BlackBerry had its fiscal third-quarter earnings report, in which management noted some caution in closing large cybersecurity deals in the near term, as sales cycles have become “elongated,” which is a fancy term for customers being slower to sign off on purchases.
