Cybersecurity leader Palo Alto Networks (NYSE: PANW) settled into familiar territory for its fiscal 2020 first quarter: double-digit revenue growth driven by an aggressive strategy of acquiring smaller niche outfits. Not all investors have been happy, however. Though it's a large operation, Palo Alto is still sacrificing profits for expansion, as the cybersecurity industry is growing -- but also changing -- fast.
Like it or not, the strategy is having the desired effect. Palo Alto has been averaging one major purchase a quarter since the start of 2018, and it's helping the security software suite outpace average industry growth and transition to the future.
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