Is It Too Late to Buy Palo Alto Networks Stock?
Palo Alto Networks (NASDAQ: PANW) stock has staged a remarkable recovery in the market in the past six months, gaining more than 31% as of this writing. It seems to have put the disappointing start to 2024 behind it with a set of solid fiscal 2024 fourth-quarter results (for the three months ended July 31), released on Aug. 19.
It's worth noting that Palo Alto investors pressed the panic button in February, and the stock crashed 25% on Feb. 21 after the cybersecurity specialist announced a strategic business change that caused management to reduce its full-year guidance. However, the company's latest quarterly results indicate that its strategic move of attracting more customers by way of offering incentives and free products could be bearing fruit.
Let's take a look at Palo Alto's performance in the previous quarter and check if investors can still consider buying this cybersecurity stock following its recent rally.
Source Fool.com
