This Cybersecurity Stock Has More to Offer
Palo Alto Networks (NYSE: PANW) has been on an acquisition spree over the past couple of years as it looks to boost its presence in the fast-growing cybersecurity space and capture more market share.
So it wasn't surprising to see the company announce yet another deal along with its fiscal 2020 fourth-quarter results. Palo Alto is shelling out $265 million for The Crypsis Group, which provides digital forensics consulting, risk management, and incident response -- services Palo Alto can soon offer its expanding customer base. More importantly, the company has the potential to strike gold with this acquisition as it enters an especially lucrative niche of the cybersecurity space.
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