Is Palo Alto Networks Stock a Buy?
Palo Alto Networks (NYSE: PANW) has been a volatile stock since its public debut eight years ago, but investors who held on tight are now sitting on a near six-bagger gain from its IPO. But does this cybersecurity stock still have room to run in this unpredictable market? Let's take a fresh look at the bull and bear cases to find out.
Palo Alto's core product is its Next-Generation Firewall, which is deployed via physical appliances and virtual services. After locking in customers, it deploys a "land and expand" strategy to sell add-on services like Prisma, its cloud security suite; and Cortex, its AI-powered threat detection platform.
Image source: Getty Images.
Source Fool.com
