Palo Alto Networks (NYSE:PANW), founded in 2005 and headquartered in Santa Clara, California, provides cybersecurity platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances and software deployed on an end-customer’s network as a virtual or a physical appliance; and virtual system upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances. It also offers subscription services covering the areas of threat prevention, uniform resource locator filtering, malware and persistent threat, laptop and mobile device protection, and firewall, as well as cyberattacks, threat intelligence, and data loss prevention. In addition, the company provides professional services, including architecture design and planning, configuration, and firewall migration, as well as online and in-classroom education training services, as well as support services.

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PANW is one of the world’s best-known cybersecurity companies. It serves over 80,000 customers in more than 150 countries, and it’s been named a market leader in Gartner’s Magic Quadrant for Network Firewalls for nine straight years. It has consistently generated double-digit-percentage revenue and billings growth over the past few years.

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It has purchased these companies to strengthen its cloud security suite, Prisma Cloud, and its AI-powered threat detection platform, Cortex. That transition will enable it to gradually replace its on-site appliances with recurring cloud-based subscriptions, which are stickier and easier to scale. Prisma Cloud and Cortex served 74% and 66% of the Fortune 100. Prior to the Bridgecrew acquisition, Palo Alto acquired the Internet Of Things (IoT) security company Zingbox, the machine identity firm Aporeto, the software-defined networking company Cloudgenix, and the attack surface management services firm Expanse over the past year.

For the full year, Palo Alto Networks expects its revenue to rise 22%-23%, its billings to climb 19%-20%, and its non-GAAP earnings to grow 19%-21%. It expects its annual recurring revenue (ARR) from its next-generation security products to increase 77% for the full year and account for about 28% of its top line.

 Palo Alto Networks is a market leader in next-gen firewalls, its cloud and AI services are locking in more customers, and it provides an attractive balance of value and growth in that sector.

Therefore, Palo Alto Networks is the best cybersecurity stock to own for the coming decade since it offers a stable balance of value and growth.

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