The past year has been tough for investors, but especially for those in the technology sector. The tech-centric Nasdaq Composite is still deep in bear market territory, down 28.8% in 2022.

The cybersecurity industry hasn't fared any better, as evidenced by First Trust Nasdaq Cybersecurity and Global X Cybersecurity -- two top cybersecurity exchange-traded funds (ETFs) -- which have taken it on the chin as well, losing 23.5% and 27.5%, respectively in 2022. But shareholders of Palo Alto Networks (NASDAQ: PANW) have been much more "secure," with shares down 9.8% and beating the broad technology index by a wide margin.

Investors went into the company's quarterly financial report with a fair amount of trepidation, particularly given the macroeconomic climate characterized by nearly 40-year-high inflation, rising interest rates, and corporate belt-tightening. Shareholders were pleased to find that Palo Alto Networks not only survived but actually thrived over the past three months.

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Source Fool.com