Palo Alto Networks Stock News

Cybersecurity is becoming an increasing part of enterprise operations.

High-quality companies tend to create lots of value for their shareholders over the long term. Sometimes, that means their stock price soars into the hundreds or even thousands of dollars, which can make it difficult for retail investors to buy in.

The comprehensive platform approach receives unrivaled government validation through authorization of 20+ solutions across network, cloud and security operations SANTA CLARA, Calif. , Dec. 19, 2024 /PRNewswire/ -- Palo Alto Networks® (NASDAQ: PANW ), the global cybersecurity leader, today announced it has received Federal Risk and Authorization Management Program (FedRAMP) High Authorization ac...

Artificial intelligence (AI) has been one of the hottest trends in the technology sector over the past couple of years, and that's not surprising as this disruptive technology has been positively impacting multiple companies across several industries.

The U.S. stock market has been on a winning streak in 2024, with the technology-heavy Nasdaq Composite index topping the 20,000 mark. A major part of this rally can be attributed to the rapid adoption of artificial intelligence (AI) across industries and functions.

The cybersecurity company has a tailwind from industry growth that could persist for decades.

The cybersecurity market is well-insulated from economic downturns because companies generally won't turn off their digital defenses to save a few dollars. It should also continue expanding for at least the next decade as cyberattacks become increasingly frequent and sophisticated.

If you're an investor in Palo Alto Networks who woke up this morning only to have your jaw drop when you saw the stock price (Nasdaq: PANW), don't worry. The stock hasn't actually dropped by nearly 50%.