Despite a near-term pullback on weak Palo Alto Networks guidance, Cybersecurity offers great potential with an expected long-term CAGR over 11%. The need for increased security around U.S. Presidential and other country elections creates a near-term catalyst for Cybersecurity. If near-term catalysts and long-term growth opportunities prove to be correct, this could be a buying opportunity for Cybersecurity. However, we recommend waiting for the relative strength uptrend to resume.
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