Palo Alto Networks: A Cybersecurity Stock Worth Watching

The company launched a rapid response program on Dec. 17 to help SolarWinds Corporation (SWI)'s Orion customers navigate risks from cyberattacks. As part of the program, PANW is offering SolarStorm rapid assessment, and SolarStorm cybersecure engagement. On Dec. 15, PANW completed its acquisition of Expanse Inc., which is a leader in attack surface management.

The company introduced the industry’s first 5G-native security offering on Nov. 18. This offering enables service providers and enterprises to turn 5G networks into highly secure networks. On Nov. 10, PANW introduced its Enterprise Data Loss Prevention (DLP), a cloud-based service. The company announced an expanded partnership with PwC in October, which will deliver managed detection and response (MDR) services to joint customers.

Buy & Hold Grade: A

In terms of proximity to its 52-week high, which is a key factor that our Buy & Hold Grade considers, PANW is well positioned. The stock has recently been trading 2.7% below its 52-week high of $375.

The company’s net revenue has grown at a CAGR of 24.3% over the past three years. With product enhancements, PANW has been developing solutions to protect its customers from fast-evolving cyber-attacks. Gartner has named PANW as a leader in the Magic Quadrant for Network Firewalls for the ninth consecutive time.

Peer Grade: A

PANW is currently ranked #1 of 24 stocks in the Software – Security industry. Other popular stocks in the software – security group are Fortinet, Inc. (FTNT), Check Point Software Technologies Ltd. (CHKP), and NortonLifeLock Inc. (NLOK).

With a 57.7% gain, PANW has comfortably beaten the returns of these popular industry participants over the past year. While FTNT and CHKP have gained 39.3% and 20.7%, respectively, over the same period, NLOK has lost 18.5%. 

Industry Rank: A

The Software – Security industry is ranked #72 of the 123 StockNews industries. The companies in this industry provide cybersecurity solutions for detecting, preventing, and resolving cyber-attacks.

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