Here’s Why Palo Alto Networks Can Keep Getting Better

Here’s Why Palo Alto Networks Can Keep Getting Better

Palo Alto Networks (NYSE: PANW) had entered 2017 on a weak footing thanks to an obsolete sales strategy. It looked like the cybersecurity specialist is going to relinquish market share to rivals as it spent too much money to add customers that weren't generating long-term value. Not surprisingly, its outlook had taken a hit and investors lost confidence.

But Palo Alto has steadied the ship remarkably since then, releasing a strong quarterly report that beat the higher end of its guidance range by a wide margin. What's more, the company also raised its full-year guidance thanks to strong demand for its endpoint protection and cloud security offerings.

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Source: Fool.com