Palo Alto Networks Share News

A handful of stocks have been driving the stock market's gains for the past two years. Many call it the “Magnificent 7,” though investors haven't been too enthusiastic about Tesla (NASDAQ: TSLA ) or even Apple (NASDAQ: AAPL ) up until its AI announcement.

Network cybersecurity provider Palo Alto Networks Inc. NASDAQ: PANW stock has recovered from its fiscal Q3 2024 earnings report. While the results weren't bad, shares took a tumble on its forward guidance.

When it comes to cybersecurity issues, we're all sitting ducks. That's why investors should always dig into some of the top cybersecurity stocks to buy.

Cloud security is a “new hot space” with app modernization driving a significant growth opportunity, analysts at Bank of America believe. They wrote in a note to clients that the adoption of Cloud computing has introduced great efficiencies but also its fair share of cybersecurity risks.

Although there's no specific catalyst, cloud-based software providers making outsized moves today.

As Micron Technology Inc., Nvidia Corp. and other chip stocks lose momentum Thursday, the software sector is getting a nice boost.

The rise in cybercrime in recent years, driven by increased digitization and attackers deploying more advanced technologies, has increased investor interest in cybersecurity stocks for long-term growth. To put things into perspective, experts predict that the cost of cybercrime will reach $10.5 trillion annually by 2025.

If investors want to future-proof their portfolio, they should purchase strong buy cybersecurity stocks since cyber assaults are becoming more sophisticated and could cost $9.5 trillion globally in 2024. Cloud intrusions soared 75%, and malware-free attacks increased dramatically, the 2024 CrowdStrike (NASDAQ: CRWD ) Global Threat Report reveals.