PANW - Better Tech Stock: Palo Alto Networks vs. DocuSign
2024-01-07 06:55:00 ET
Palo Alto Networks (NASDAQ: PANW) and DocuSign (NASDAQ: DOCU) were both popular tech stocks during the buying frenzy in growth plays in 2021. But as that euphoria faded and inflation, rising interest rates, geopolitical conflicts, and other macro headwinds rattled the markets, the two stocks headed in opposite directions.
Palo Alto's stock continued rising and hit an all-time high on Dec. 13, 2023. It remains just 10% shy of that level as of this writing. DocuSign's stock closed at its record high on Sept. 3, 2021, but it subsequently lost more than 80% of its value.
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Better Tech Stock: Palo Alto Networks vs. DocuSign