1 Recent Stock Split I Can't Wait to Buy
I've had my eye on Palo Alto Networks (NASDAQ: PANW) for a little while now. It's a global leader in cybersecurity, a sector I believe is growing increasingly important as digital transformation takes hold, bringing more business processes online and increasing cyber risks. I like its three-platform strategy, which gives it a strong competitive position. I'm even more impressed with its financials, which feature a cash-generating business and solid balance sheet.
One thing I didn't love was its stock price before its recently completed three-for-one stock split. Pre-split, shares traded at more than $550 apiece. Now that shares have split and fallen a bit alongside the market, they're down to around $165 a share. The cybersecurity leader made the move to make its stock more accessible to all employees and investors, which it has accomplished. It's now easier to purchase without using fractional shares if you're only investing a few hundred dollars at a time, like me. Here's why I can't wait to add shares to my portfolio now that they're trading at a lower price.
I like to invest in large trends with long growth tailwinds, which certainly describes cybersecurity. The numbers are staggering and frightening. Cybercrime cost the global economy an eye-popping $6 trillion last year, double its total from 2015. Cybersecurity Ventures sees that number growing at a 15% annual clip over the next five years, topping $10 trillion by 2025.
Source Fool.com
