2024-05-17 13:40:42 ET
Summary
- Palo Alto Networks stock has recovered remarkably from its previous selloff.
- Recent checks suggest that the market's worries about "spending fatigue" were likely misunderstood.
- Palo Alto Networks has deepened its partnership with IBM and Accenture to accelerate enterprise adoption and expansion.
- I highlight why PANW investors are given another opportunity to accumulate before the train leaves the station for good.
Palo Alto Networks Stock Has Remained Resilient
Palo Alto Networks ( PANW ) investors who held on to their shares after its previous post-earnings selloff have likely breathed a sigh of relief. While PANW remains almost 17% below its early February 2024 highs, it has recovered more than 21% from its February lows. Therefore, PANW dip buyers who ignored the market's pessimism and bought its lows have outperformed the market since then....
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Palo Alto Networks: The Turnaround Is Unfolding After The Scare