Palo Alto Networks Stock Earns 80-Plus RS Rating, Shares Jump 85% In 2 Months
On May 21, security software maker Palo Alto Networks reported that top line growth improved last quarter, rising 20% to $869.4 million, vs. a 15% rise a year earlier. Nikesh Arora, chairman and CEO of Palo Alto Networks, in the earnings news release noted that markets will likely continue to be unstable and erratic over the next 12 months. "Palo Alto Networks is well positioned to leverage the acceleration of these trends," Arora said, "with our significant and ongoing investments to transform our company into a multiproduct, integrated platform provider of cybersecurity solutions."
