Palo Alto Networks (PANW) Stock

Palo Alto Networks is making a strong move into the $30 billion SIEM market, looking to take market share from established companies like Splunk and Microsoft. Their strategy of platform development and a recent acquisition focused on SIEM should help them reach a $15 billion annual recurring revenue target, which supports a Buy rating. The management aims to be one of the top three companies in the SIEM market within two years, building on their success in the XDR market.

At the end of the last trading day, Palo Alto Networks (PANW) was priced at $180.79, which represents a decrease of 0.64% compared to the day before.

Lately, users of Zacks.com have been focusing on Palo Alto (PANW). This interest prompts a closer look at what the stock might offer.

Palo Alto Networks (PANW -1.23%) is known in the market as a top provider of cybersecurity solutions, but investors might have noticed the company more after it carried out a stock split in early December.

Palo Alto Networks (PANW -1.23%) is one of the biggest cybersecurity firms globally and has been a strong choice for growth investors over the long term. If you had put $1,000 into its initial public offering in 2012, that investment would now be worth around $26,500.

In 2024, Palo Alto Networks' stock price increased by 26% due to the growing global demand for cybersecurity. The rise was also influenced by the positive effects of artificial intelligence, which have boosted other companies in the sector significantly.

This company is a top player in its field and has a strong track record of achievements.

In the most recent trading session, Palo Alto Networks (PANW) finished at $188.50, which is a decrease of 0.53% compared to the day before.

Palo Alto Networks' (PANW 0.69%) stock price appears to be lower than before. This is due to a recent 2-for-1 stock split, which reduced the price from about $400 per share to $200 per share as of December 16.