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Stock-Split Watch: Is Palo Alto Networks Next?

TheMotleyFool

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Stock-Split Watch: Is Palo Alto Networks Next?Photo, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Palo Alto Networks (NASDAQ: PANW), one of the world's largest cybersecurity companies, has only split its stock once since its initial public offering (IPO) in 2012. That 3-for-1 stock split occurred after the market close on Sept. 13, 2022.

Before that split took effect, Palo Alto Networks' stock closed at $548.88 per share. It opened at $183.75 the following day, and eventually doubled to an all-time high of $376.90 on Feb. 9, 2024. It currently trades in the low $330s.

Should investors expect this bellwether of the cybersecurity sector to split its stock again in the near future?

Source Fool.com

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