Is Palo Alto Networks a Buy?

Is Palo Alto Networks a Buy?

Palo Alto Networks (NASDAQ: PANW) is still growing, and it is still churning out profits. The management team raised their fiscal 2023 projections despite pressures on IT budgets and slowing economic growth in many markets. While investors shouldn't read too much into any single quarter's growth, it is encouraging that Palo Alto Networks has posted several consecutive quarters of strong sales.