This Cybersecurity Play Is Winning

While the COVID-19 pandemic has brought several businesses to their knees, the increasing adoption of telecommuting and online education are turning out to be tailwinds for Palo Alto Networks (NYSE: PANW).

The cybersecurity specialist's fiscal third-quarter results turned out to be significantly better than expectations. The shift to a remote working model led to a bump in demand for Palo Alto's security solutions as organizations scrambled to protect their employees and data from malicious attacks.

Let's see what's working for Palo Alto and why the company is confident of sustaining its momentum.

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Source Fool.com