CYBR - Palo Alto Networks: Leaders In Cybersecurity
Overview
After sinking below the $200 mark in the beginning of June, Palo Alto Networks (NASDAQ: PANW) seems to be picking up steam. Can the company sustain this pace to go over-and-above the 52-week high of $260.63? As the dominant player in the cybersecurity market, PANW is in an ideal position in benefiting from increased cybersecurity demand as the digital economy continues to develop. Corporations and governments continue to allocate more capital towards cybersecurity as evidenced by an expected 8.7% surge in worldwide cybersecurity spending in 2019. Strategic acquisitions, healthy gross margins, decreasing operating