CrowdStrike Holdings, Fortinet, and Palo Alto Networks represent three of the largest and most influential pure-play cybersecurity companies in the market today. Despite operating in the same sector, each pursues a distinct business model: cloud-native endpoint and platform software for CrowdStrike, converged networking-and-security hardware and software for Fortinet, and an integrated multi-platform strategy for Palo Alto Networks. This stock comparison is relevant for growth investors, technology-sector traders, and anyone evaluating how different approaches to the same AI-driven security tailwind translate into relative performance and market positioning. Understanding their contrasting growth drivers, profitability profiles, and valuation sensitivities helps clarify which profile may align with a given risk tolerance or investment thesis.
CrowdStrike Holdings is a cloud-native cybersecurity platform best known for its Falcon endpoint security offering, which now spans dozens of modules across identity, cloud security, threat intelligence, and security operations. The company has built its growth around platform consolidation, with customers increasingly adopting additional modules through its Falcon Flex subscription model. In its most recent quarterly report, revenue rose roughly 26% year over year to about $1.47 billion, while ending annual recurring revenue (ARR) surpassed $5.8 billion, and net new ARR reached a record level. In recent weeks, CRWD has traded near 52-week highs and above its key moving averages, supported by strong demand for AI-native security and growing traction in its Next-Gen SIEM (Security Information and Event Management) and AI Detection and Response products. The stock's relative performance has outpaced much of the sector, though its premium valuation remains a focal point for investors weighing further upside against stretched multiples.
Fortinet delivers an integrated portfolio of more than 50 enterprise-grade security products, anchored by its FortiGate firewalls, FortiOS operating system, and an expanding secure access service edge (SASE) business. Its converged networking-and-security architecture differentiates it from software-only competitors. In its latest quarter, revenue grew about 26% year over year to $2.05 billion, while billings climbed 33% and product revenue jumped roughly 52%, reflecting robust firewall and operational-technology demand. Notably, non-GAAP operating margin reached a quarterly record of about 38%, and free cash flow more than tripled year over year. Management responded by raising full-year guidance. In recent weeks, FTNT has rallied toward 52-week highs on accelerating billings and AI-related platform expansions, though its hardware-and-software mix and a forward earnings multiple above sector averages have drawn measured commentary from analysts.
Palo Alto Networks has pursued a "platformization" strategy, consolidating its offerings into three core platforms spanning network security, cloud security, and security operations. The company is the largest of the three by revenue and recently closed the acquisitions of Chronosphere and CyberArk to broaden its observability and identity capabilities. In its latest fiscal quarter, revenue increased about 34% year over year to $3.41 billion, while next-generation security ARR surged roughly 63% to $9.1 billion and remaining performance obligations (contracted but not yet recognized revenue) passed $21 billion. Despite strong results and raised guidance, PANW shares pulled back following earnings as elevated expectations met a premium valuation. In recent weeks the stock has traded near all-time highs, though gross margin has softened modestly as faster-growing SaaS and cloud offerings scale, a dynamic investors are watching closely.
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Business model is the clearest dividing line among the three. CrowdStrike is a subscription-first software company with high gross margins but a growth-at-scale posture, whereas Fortinet blends hardware and software, giving it lower headline growth but superior profitability and cash conversion. Palo Alto Networks sits between the two, using acquisitions to broaden a software-led platform while retaining a meaningful hardware firewall business. These differences shape their growth drivers: CrowdStrike leans on module expansion and platform consolidation, Fortinet on firewall refresh cycles and SASE adoption, and Palo Alto on platformization and acquisition-driven ARR. On valuation sensitivity, all three trade at premium multiples, but CrowdStrike and Palo Alto Networks carry the steepest price-to-sales ratios, making them more vulnerable to rising interest rates or any slowdown in growth expectations. Fortinet's stronger margins and cash flow provide comparatively firmer fundamental support. Risk factors also diverge — CrowdStrike and Palo Alto Networks face execution risk around sustaining high growth, while Fortinet faces cyclicality tied to hardware refresh cycles and component costs. Recent momentum has favored all three, but CrowdStrike has shown the most consistent trend consistency in recent market activity, while Palo Alto Networks has experienced sharper bouts of volatility around earnings.
Based on observable factors such as trend consistency, stability, catalysts, and relative positioning, Tickeron's AI would most likely favor CRWD in the current environment. CrowdStrike has maintained a more persistent uptrend above its moving averages, backed by record net new ARR and multiple expanding product lines, which together suggest durable, diversified momentum rather than reliance on any single catalyst. That said, its elevated valuation introduces meaningful downside risk if growth moderates. Fortinet offers the strongest margin and cash-flow stability, which could appeal in a risk-off environment, while Palo Alto Networks presents the largest scale and broadest platform but faces near-term margin and integration sensitivities. The probabilistic outlook tilts toward CrowdStrike on trend quality, while acknowledging that valuation and sentiment shifts could quickly alter the relative picture across all three names.
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CRWD moved below its 50-day moving average on October 16, 2026 date and that indicates a change from an upward trend to a downward trend. In 26 of 33 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 79%.
The 10-day RSI Indicator for CRWD moved out of overbought territory on October 07, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 similar instances where the indicator moved out of overbought territory. In 27 of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at 64%.
The Momentum Indicator moved below the 0 level on October 13, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CRWD as a result. In 61 of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 67%.
The Moving Average Convergence Divergence Histogram (MACD) for CRWD turned negative on October 08, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 37 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 76%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRWD declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a +3.27% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRWD advanced for three days, in 287 of 350 cases, the price rose further within the following month. The odds of a continued upward trend are 82%.
CRWD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 264 of 317 cases where CRWD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 83%.
The Tickeron PE Growth Rating for this company is 6 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 8 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 35 (best 1 - 100 worst), indicating steady price growth. CRWD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 89 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 100 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (52.083) is normal, around the industry mean (17.765). CRWD's P/E Ratio (6913.333) is considerably higher than the industry average of (159.605). Projected Growth (PEG Ratio) (8.296) is also within normal values, averaging (3.648). Dividend Yield (0.000) settles around the average of (0.004) among similar stocks. P/S Ratio (45.662) is also within normal values, averaging (103.889).
FTNT moved below its 50-day moving average on October 16, 2026 date and that indicates a change from an upward trend to a downward trend. In 36 of 45 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 80%.
The 10-day RSI Indicator for FTNT moved out of overbought territory on October 13, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In 22 of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at 63%.
The Momentum Indicator moved below the 0 level on October 16, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on FTNT as a result. In 56 of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 64%.
The Moving Average Convergence Divergence Histogram (MACD) for FTNT turned negative on October 15, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 57 similar instances when the indicator turned negative. In 39 of the 57 cases the stock turned lower in the days that followed. This puts the odds of success at 68%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTNT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 63%.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a +5.70% 3-day Advance, the price is estimated to grow further. Considering data from situations where FTNT advanced for three days, in 235 of 338 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.
FTNT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 156 of 219 cases where FTNT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.
The Tickeron Price Growth Rating for this company is 4 (best 1 - 100 worst), indicating outstanding price growth. FTNT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 8 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 12 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 12 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock better than average.
The Tickeron Valuation Rating of 93 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (83.333) is normal, around the industry mean (17.765). P/E Ratio (62.307) is within average values for comparable stocks, (159.605). Projected Growth (PEG Ratio) (1.939) is also within normal values, averaging (3.648). Dividend Yield (0.000) settles around the average of (0.004) among similar stocks. P/S Ratio (17.065) is also within normal values, averaging (103.889).
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PANW declined for three days, in 181 of 268 cases, the price declined further within the following month. The odds of a continued downward trend are 68%.
The 10-day RSI Indicator for PANW moved out of overbought territory on October 07, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In 25 of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at 64%.
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PANW as a result. In 52 of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 67%.
The Moving Average Convergence Divergence Histogram (MACD) for PANW turned negative on October 13, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In 29 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 64%.
PANW moved below its 50-day moving average on October 15, 2026 date and that indicates a change from an upward trend to a downward trend.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The 10-day moving average for PANW crossed bullishly above the 50-day moving average on September 18, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 15 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +4.13% 3-day Advance, the price is estimated to grow further. Considering data from situations where PANW advanced for three days, in 271 of 353 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
PANW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 201 of 276 cases where PANW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 73%.
The Tickeron PE Growth Rating for this company is 2 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 7 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 36 (best 1 - 100 worst), indicating steady price growth. PANW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 89 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 99 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (11.669) is normal, around the industry mean (17.765). PANW has a moderately high P/E Ratio (980.225) as compared to the industry average of (159.605). Projected Growth (PEG Ratio) (2.002) is also within normal values, averaging (3.648). Dividend Yield (0.000) settles around the average of (0.004) among similar stocks. P/S Ratio (25.000) is also within normal values, averaging (103.889).
CRWD | FTNT | PANW | ||
|---|---|---|---|---|
OUTLOOK RATING 1..100 | 81 | 83 | 65 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 100 Overvalued | 93 Overvalued | 99 Overvalued | |
PROFIT vs RISK RATING 1..100 | 8 | 12 | 7 | |
SMR RATING 1..100 | 89 | 12 | 89 | |
PRICE GROWTH RATING 1..100 | 35 | 4 | 36 | |
P/E GROWTH RATING 1..100 | 6 | 8 | 2 | |
SEASONALITY SCORE 1..100 | n/a | 42 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
FTNT's Valuation (93) in the Computer Communications industry is in the same range as PANW (99) in the Computer Communications industry, and is in the same range as CRWD (100) in the null industry. This means that FTNT's stock grew similarly to PANW’s and similarly to CRWD’s over the last 12 months.
PANW's Profit vs Risk Rating (7) in the Computer Communications industry is in the same range as CRWD (8) in the null industry, and is in the same range as FTNT (12) in the Computer Communications industry. This means that PANW's stock grew similarly to CRWD’s and similarly to FTNT’s over the last 12 months.
FTNT's SMR Rating (12) in the Computer Communications industry is significantly better than the same rating for PANW (89) in the Computer Communications industry, and is significantly better than the same rating for CRWD (89) in the null industry. This means that FTNT's stock grew significantly faster than PANW’s and significantly faster than CRWD’s over the last 12 months.
FTNT's Price Growth Rating (4) in the Computer Communications industry is in the same range as CRWD (35) in the null industry, and is in the same range as PANW (36) in the Computer Communications industry. This means that FTNT's stock grew similarly to CRWD’s and similarly to PANW’s over the last 12 months.
PANW's P/E Growth Rating (2) in the Computer Communications industry is in the same range as CRWD (6) in the null industry, and is in the same range as FTNT (8) in the Computer Communications industry. This means that PANW's stock grew similarly to CRWD’s and similarly to FTNT’s over the last 12 months.
| CRWD | FTNT | PANW | |
|---|---|---|---|
| RSI ODDS (%) | 1 day ago 64% | 1 day ago 63% | 1 day ago 64% |
| Stochastic ODDS (%) | 1 day ago 78% | 1 day ago 83% | 1 day ago 85% |
| Momentum ODDS (%) | 1 day ago 67% | 1 day ago 64% | 1 day ago 67% |
| MACD ODDS (%) | 1 day ago 76% | 1 day ago 68% | 1 day ago 64% |
| TrendWeek ODDS (%) | 1 day ago 72% | 1 day ago 63% | 1 day ago 65% |
| TrendMonth ODDS (%) | 1 day ago 77% | 1 day ago 66% | 1 day ago 61% |
| Advances ODDS (%) | 11 days ago 82% | 11 days ago 70% | 11 days ago 77% |
| Declines ODDS (%) | 1 day ago 72% | 1 day ago 63% | 1 day ago 68% |
| BollingerBands ODDS (%) | 1 day ago 70% | 1 day ago 80% | 1 day ago 82% |
| Aroon ODDS (%) | 1 day ago 83% | 1 day ago 71% | 1 day ago 73% |
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
CRWD’s FA Score shows that 2 FA rating(s) are green while FTNT’s FA Score has 4 green FA rating(s), and PANW’s FA Score reflects 2 green FA rating(s).
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
CRWD’s TA Score shows that 4 TA indicator(s) are bullish while FTNT’s TA Score has 4 bullish TA indicator(s), and PANW’s TA Score reflects 5 bullish TA indicator(s).
CRWD (@Computer Communications) experienced а -17.32% price change this week, while FTNT (@Computer Communications) price change was -13.16% , and PANW (@Computer Communications) price fluctuated -18.33% for the same time period.
The average weekly price growth across all stocks in the @Computer Communications industry was -8.82%. For the same industry, the average monthly price growth was -9.55%, and the average quarterly price growth was +0.53%.
CRWD is expected to report earnings on Dec 01, 2026.
FTNT is expected to report earnings on Oct 28, 2026.
PANW is expected to report earnings on Nov 12, 2026.
Computer communications industry develops technology that allows computing devices to exchange data with each other using connections/data links between nodes. Common types of computer network include Cloud (IAN), Internet, Wide (WAN, Local (LAN)/Wireless(WLAN) etc. The industry is an ever-more important part of technology, and is set to become even bigger as the Internet of Things (IoT) rapidly forays into the various aspects of our lives. Cisco Systems, Inc., Palo Alto Networks, Inc. and Arista Networks, Inc., Fortinet, Inc. are some of the major computer communications companies.
A.I.dvisor indicates that over the last year, FTNT has been closely correlated with PANW. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if FTNT jumps, then PANW could also see price increases.
| Ticker / NAME | Correlation To FTNT | 1D Price Change % | ||
|---|---|---|---|---|
| FTNT | 100% | -7.03% | ||
| PANW - FTNT | 76% Closely correlated | -7.63% | ||
| CRWD - FTNT | 74% Closely correlated | -7.02% | ||
| SHOP - FTNT | 65% Loosely correlated | -4.84% | ||
| OKTA - FTNT | 65% Loosely correlated | -10.20% | ||
| DT - FTNT | 64% Loosely correlated | -4.11% | ||
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