Cybersecurity Risks Are Greater Than Ever. That's Lifting Palo Alto Networks' Stock Higher
If 2020 was the year that accelerated the business world's digital transformation, then 2021 could go down as the year when all that new digital tech gets put to the test by cyberattacks. Major attacks taking advantage of the SolarWinds software hack and the recent shutdown of energy infrastructure major Colonial Pipeline by a ransomware attack illustrate the vulnerabilities of companies, governments, and other organizations today.
It should surprise no one, then, that leading cybersecurity firm Palo Alto Networks (NYSE: PANW) is having a busy year. Its stock price is up 54% over the last 12 months and is sitting close to its all-time high. With demand for its services greater than ever, the company remains a top choice for those looking to bet on the cybersecurity industry.
Image source: Getty Images.
Source Fool.com
