Reported 3 days ago
Palo Alto Networks, a prominent player in the cybersecurity industry, is set to split its stock on December 16, which has made many investors consider its potential as a buy. The company has been focusing on its next-generation security platforms, showing significant growth in those areas, despite overall revenue growth being modest. Currently, shares are priced at a premium, trading at 64 times forward earnings, which may raise concerns among potential investors. While the stock split could create some momentum, some analysts suggest looking at competitors like CrowdStrike for investment opportunities.
Source: YAHOO