At first glance, the positioning of Palo Alto Networks (NASDAQ: PANW) stock seems uncertain. Palo Alto attempts to tackle security challenges through a variety of tools. In comparison, companies like and Zscaler tend to emphasize specific areas of cloud security.

Nonetheless, these specialty companies appear to have outperformed Palo Alto stock, though it still leads the way among other generalized cybersecurity companies. Does that make Palo Alto a leading cybersecurity stock to own? Let's take a closer look.

It might seem like it's hard to go wrong in the cybersecurity space. Insight Partners forecasts a 16% compound annual growth rate for the industry through 2030. This factor alone increases the odds of considerable growth for the market leaders.

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Source Fool.com