Is Palo Alto Networks Stock a Buy for 2024?
Shares of cybersecurity-software pure-play leader Palo Alto Networks (NASDAQ: PANW) are volatile following the latest earnings update. The latest financials weren't bad, but some investors are nervous that PANW management's new, aggressive plan to consolidate cybersecurity market share to itself poses unforeseen risks. Even cloud-native cyber software peer Zscaler stopped just short of a name drop of PANW in its latest earnings call, saying that its competitor's attack won't work.
Of course, another way of looking at PANW's recent action is simply that the stock price was getting a bit frothy in the month leading up to the last update and has less to do with Wall Street's "worries."
At any rate, what is Palo Alto Networks planning, and is the stock a buy right now?
Source Fool.com
Zscaler Inc Stock
The stock is one of the favorites of our community with 50 Buy predictions and 1 Sell predictions.
With a target price of 204 € there is a positive potential of 23.31% for Zscaler Inc compared to the current price of 165.44 €.
