The rush to adopt digital technologies and remote working arrangements amid the pandemic has increased vulnerabilities to a cyberattack. Organizations are aggressively increasing their core security layer to identify the risks and deal with them. This has created a strong business environment for cybersecurity companies Radware (NASDAQ:RDWR) and Fortinet (NASDAQ:FTNT). But let’s find out which of these stocks is a better buy now. .Both Radware Ltd. (RDWR) and Fortinet, Inc. (FTNT) are cybersecurity solutions providers, operating worldwide. Headquartered in Tel Aviv, Israel, RDWR offers AppWall, a web application firewall, and DefenseFlow, a cyber-command and control application among other cloud protection services. Based in Sunnyvale, California, FTNT offers hardware and software licenses, endpoint protection with pattern-based anti-malware, and other security solutions to safeguard systems and data.
Increased adoption of digital platforms and the “work-from-anywhere” trend amid a rapidly evolving “new normal” has been pushing organizations and individuals to focus more on cybersecurity to tackle cybercriminals and scammers. Without a doubt, remote working arrangements have brought about challenges like insecure networks and data privacy breaches. As companies are expected to reassess their security threats now more than ever, cybersecurity solutions providers like RDWR and FTNT should see rising demand for their products and services in the upcoming months.
RDWR has gained 25.6% over the past year, while FTNT has returned 80.1% over the same period. Also, in terms of the past nine-month performance, FTNT is the clear winner with 34.3% gains versus RDWR’s 11.3%. But which of these stocks is a better pick now? Let’s find out.