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Palo Alto Networks Is Doing Just Fine in the New Cybersecurity Growth Supercycle

TheMotleyFool

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Palo Alto Networks Is Doing Just Fine in the New Cybersecurity Growth Supercycle: https://g.foolcdn.com/editorial/images/745133/cybersecurity-artificial-intelligence.jpg

Palo Alto Networks (NASDAQ: PANW) -- the largest pure-play stock in cybersecurity -- threw investors for a head trip when it said it was releasing fourth-quarter fiscal 2023 earnings on a recent Friday after the market closed. Fear spread that some ugly numbers were forthcoming.

Turns out CEO Nikesh Arora and company just wanted to get the financial report out of the way ahead of a big weekend sales event. Not only were the fiscal 2023 (the 12 months ended in July) numbers good, but the outlook for the next few years was also pretty solid.

Palo Alto Networks is a leader in the current cybersecurity supercycle and remains a top buy for the long term in my book.

Source Fool.com

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