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Is Palo Alto Networks Stock a Buy?


Various studies forecast the global cybersecurity market will grow annually by more than 10% over the next several years, and Palo Alto Networks (NYSE: PANW) is poised to profit from this tailwind. With the development of cloud computing, the cybersecurity vendor has been expanding its portfolio beyond its traditional firewalls to capture the cloud security market's expected 21.2% annual growth by 2022.

As a result, management forecasts a strong 20% annual revenue growth over the next three years and it aims at improving the company's long-term non-GAAP (adjusted) operating margin to a solid 25%.

But with its stock price climbing back to its historical high, is Palo Alto a buy?

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Source Fool.com

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