#2 - Palo Alto Networks (NASDAQ:PANW)
Palo Alto Networks (NASDAQ: PANW) is the largest of the cybersecurity stocks in this presentation by market cap. It’s also been profitable since 2023, which is not something that others in the space can say.
Palo Alto’s services are lumped into three categories: Strata, which covers firewalls and network security services; Prisma, which is for its cloud-based services; and Cortex, which is its newest offering, which handles AI-powered threats.
In 2024, the company moved to a platformization strategy that allows customers to bundle one or more tools among Palo Alto’s platforms. This is likely to help Palo Alto protect its market share from nimble competitors. The shift didn’t impact the company’s revenue and earnings, which were both up year over year (YoY). In fact, in the ten years ending July 2024, Palo Alto has increased its revenue at a compound annual growth rate (CAGR) of approximately 30%.
About Palo Alto Networks
Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.
More about Palo Alto Networks- Current Price
- $167.69
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 30 Buy Ratings, 12 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $203.06 (21.1% Upside)
