Jim Cramer Recommends CrowdStrike and Palo Alto Over Netskope as Cyber Security Picks

Netskope, Inc. (NASDAQ:NTSK) is one of the stocks Jim Cramer recently provided insights on. When a caller inquired about the company, mentioning that it recently came public, Cramer stated:

“Look, there’s two cybersecurity companies. There’s CrowdStrike and there’s Palo Alto, and then there’s just everybody else. And we’re going with CrowdStrike. We’re going with Palo Alto.”

Netskope, Inc. (NASDAQ:NTSK) provides cloud-based cybersecurity and networking solutions through its Netskope One platform. The platform protects data, users, and applications using zero-trust security and provides analytics to improve visibility and performance. On October 27, Baird initiated coverage of the company’s stock with a $27 price target and an Outperform rating.

The firm stated that the company’s cloud-native architecture and expanded NewEdge infrastructure position it to gain market share over legacy network vendors as data consolidation increases. Additionally, On October 13, Oppenheimer analyst Ittai Kidron initiated Netskope, Inc.’s (NASDAQ:NTSK) coverage with an Outperform rating and a $28 price target.

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Disclosure: None. This article is originally published at Insider Monkey.