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Is Palo Alto Networks Stock a Buy Now?

TheMotleyFool

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Palo Alto Networks' (NASDAQ: PANW) stock price jumped nearly 7% during after-hours trading on Feb. 22 following its second-quarter earnings report.

The cybersecurity company's revenue rose 30% year over year to $1.32 billion, beating analysts' estimates by $40 million, as its billings increased 32% to $1.61 billion. Its adjusted net income grew 20% to $185 million, or $1.74 per share, which also topped analysts' expectations by nine cents.

Those headline numbers were impressive, but should investors still buy Palo Alto's stock as rising interest rates punish higher-growth tech stocks?

Source Fool.com

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