TD SYNNEX’s SNX subsidiary Tech Data recently signed a distribution contract with Palo Alto Networks PANW, a global leader in cybersecurity. Per the deal, Tech Data will provide a comprehensive suite of Palo Alto’s cybersecurity solutions to its customers and the reseller community in India & SAARC (South Asian Association for Regional Cooperation).This contract expands TD SYNNEX’s Network Security portfolio further. It will help organizations in delivering secure and reliable innovations, which safeguard their customers from cyberattacks.This contract also provides Palo Alto an opportunity to evolve further through access to new security partners and routes to market. The company has been benefiting from continuous deal wins and increasing adoption of its next-generation security platforms. This can be attributed to the rise in remote work environment and the need for stronger security. Its network security gateways protect clients’ data, reduce security complexities and lower total cost of ownership.This distribution contract with Palo Alto marks the first partnership deal for Tech Data following its creation after the merger of SYNNEX and Tech Data Corporation in September this year.SYNNEX Corporation Price and Consensus SYNNEX Corporation price-consensus-chart | SYNNEX Corporation QuoteTD SYNNEX collaborated with another leading security company — Proofpoint — with the same vision, in July this year. In the same month, it signed a distribution agreement with DTEN, an international leader for innovation and accessibility in video conferencing.Founded in 1980, TD SYNNEX is a Fortune 200 company specialized in providing comprehensive logistics, integration services and technology solutions to its partners for enhancing their customer engagement strategies. It additionally offers financial incentives and assistance with renewal automation.Hence, collaboration with one of the best cybersecurity companies will help it strengthen global footprint via the extension of its security portfolio.Zacks Rank & Key PicksTD SYNNEX currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader technology sector are Littlefuse LFUS and Avnet AVT, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The long-term earnings growth rate of Littlefuse and Avnet are pegged at 12% and 25.4%, respectively. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Avnet, Inc. (AVT): Free Stock Analysis Report SYNNEX Corporation (SNX): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report Littelfuse, Inc. (LFUS): Free Stock Analysis Report To read this article on Zacks.com click here.