Cybersecurity Boom Benefits Palo Alto Networks

The cybersecurity industry is growing rapidly as cyberattacks are increasing in number with more complexity of IT environments. This trend may benefit the companies' stocks as you may see here below:As cybersecurity attacks arise and cause data breach and financial loss, many companies started to guard themselves with cybersecurity software. Palo Alto Networks (PANW, Financial) , which stands as a market leader with the biggest share in the industry, saw its stock rise from $50s in 2019 to $300s in 2024. In ...