Investors have a very positive view of Palo Alto Networks' (NASDAQ: PANW) business right now. Shares have easily beaten the market's rally so far in 2023, rising almost 80% through mid-July.

Bulls are excited about the prospects for the cybersecurity specialist, given that the industry is becoming central to enterprise spending as more business shifts to the cloud. Palo Alto's improving finances have investors seeing green, too.

But there's a compelling bearish case to make for this stock, too, and it's worth reviewing if you're considering buying shares right now. With that in mind, let's take a closer look at the main reasons for -- and against -- Palo Alto Networks' stock.

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Source Fool.com