Why I Will Never Buy Palo Alto Networks Stock

Granted, "never" is a very long time, but Palo Alto Networks (NYSE: PANW) is so far away from meeting, let alone exceeding, the criteria of a fundamentals-focused investor such as myself I can't imagine plunking down the $147 a share or so it's trading for today, let alone the $165.69 a share high it reached over the past 52 weeks.

Palo Alto bulls will likely point to its 20%-plus revenue gains in the last couple of quarters and its nearly two-year string of 50%-plus improvements not long ago as positives. Its market capitalization of $13.6 billion, and the growth potential that represents in the fast-growing data security market, could also be viewed as bullish.

Despite what some investors and pundits view as upsides, for me, the case against buying Palo Alto stock boils down to one glaring reason.

Source: Fool.com