Is Palo Alto Networks Stock a Buy?

Since Nikesh Arora took over as CEO in 2018, Palo Alto Networks (NYSE: PANW) has raced to strengthen its cybersecurity products to meet the challenges of today's IT infrastructures. The company has done well. For its last fiscal year ended July, Palo Alto Networks delivered a 27.5% year-over-year increase in revenue to $2.9 billion. Its stock rose to a 52-week high of $251.11 on Feb. 19, before the coronavirus pandemic sent stocks into a bear market.

Is there enough growth ahead to make Palo Alto Networks a buy? Let's dive into company details to answer that question.

Image source: Getty Images.

Continue reading

Source Fool.com