Happy new years fellas!

I’ve been looking into the cybersecurity sector as a core part of my portfolio leading up to 2030. It seems like one of the few industries where companies simply can’t afford to cut costs, especially as AI-driven threats make the landscape more complex.

I’ve narrowed it down to these “Big Three," but I’m having a hard time picking a winner.

Here’s my take:

• CrowdStrike (CRWD): Technically, they seem the most impressive with their "Threat Graph" and rapid growth. However, they’re trading at some pretty wild multiples (Forward P/E around 100). Is it too risky to jump in now, or are they just in a league of their own?

• Palo Alto Networks (PANW): The classic "platform play." They seem the most solid and generate massive free cash flow. But can they keep winning against Microsoft when it comes to large enterprise bundles?

• Fortinet (FTNT): The most reasonable valuation and incredible margins because they build their own hardware. However, the market sometimes treats them as the "old guard" compared to the pure cloud players.

I’m leaning towards a mix, but I’m curious what you guys are looking at?

• Are there any smaller players (e.g., SentinelOne or Zscaler) that you think have a better risk/reward ratio right now? • What are your general expectations for the sector over the next few years? Do you see massive consolidation coming, or is there still room for niche players?

Looking forward to hearing your thoughts!