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Palo Alto Networks Spends Another $800 Million to Keep Pace With a Fast-Changing Cybersecurity Industry

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Palo Alto Networks Spends Another $800 Million to Keep Pace With a Fast-Changing Cybersecurity Industry

Cybersecurity is a fast-growing industry. The only problem is that most of the growth is being generated by next-gen security services, leaving many legacy software vendors scrambling to get their wares up to date with the times.

Palo Alto Networks (NYSE: PANW) has been embarking on just such a (seemingly) scrambled journey the last few years, though the company's acquisition strategy has many investors and industry professionals divided on its long-term viability. Undeterred, Palo Alto went shopping again ahead of its fiscal 2021 first-quarter report card.

Image source: Getty Images.

Source Fool.com

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