After yet another exceptional financial update, shares of Palo Alto Networks (NASDAQ: PANW) are up a whopping 50% so far in 2023. The cybersecurity pure-play leader has some lofty goals and keeps meeting and exceeding them, as industries of all kinds are in need of PANW's software. 

Nevertheless, with the stock price rising rapidly as of late, shares are fetching an increasingly "expensive" premium. Is it too late to buy Palo Alto Networks stock now? 

As was the case late last year, the story in 2023 remains one of slowing economic growth and fears of recession. Resources, particularly of the financial variety, are being conserved by many businesses in anticipation of tough times. But cybersecurity remains in high-growth mode. 

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Source Fool.com