2 Expensive Tech Stocks: Palo Alto Networks Vs. Splunk
Last week, both Palo Alto Networks (PANW) and Splunk (SPLK) released earnings for the quarter ending January that saw massive revenue growth. While both stocks had hot IPOs in 2012 and trade at what are generally considered expensive multiples, they had different reactions after their respective earnings reports.
Palo Alto is a leading network security provider that competes against the likes of Cisco Systems (CSCO) and Juniper Networks (JNPR), while Splunk is a provider of real-time data analysis commonly referred to as "Big Data." Palo Alto is more focused on taking market share, while Splunk is creating a whole new market.
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