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Jim Cramer highlights Fortinet as digital protection demand stays strong
Cramer said enterprise demand for digital protection is large enough for multiple cybersecurity leaders to coexist.
During the August 5 episode of CNBC's Mad Money, Jim Cramer said he favors Fortinet, positioning the company as one of the cybersecurity names benefiting from large enterprise demand for digital protection.
Cramer argued that the market is big enough to support multiple leaders rather than a winner-take-all outcome, and he described Fortinet as “doing a good job” in that environment.
He also reiterated an upbeat view of CrowdStrike, saying its product approach is built to help secure networks against emerging threats, while noting he has seen investors discount the stock despite its cybersecurity capabilities.
Palo Alto Networks was also mentioned as Cramer discussed its role alongside other cybersecurity firms in the same segment.