Palo Alto Networks Just Made Its Boldest Move Yet — Analyst Thinks It Could Pay Off - Palo Alto Networks
Summary
Palo Alto Networks is gaining analyst support after its recent acquisition of CyberArk. Wedbush’s Daniel Ives kept an Outperform rating and said the deal strengthens the company’s platformization strategy. The note says customer and partner feedback points to improving traction for Palo Alto Networks’ one-stop cybersecurity platform. The article also says the stock pullback may create a buying opportunity as the company expands its platform approach.
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Cybersecurity Software
SaaS
Network Security
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CyberArk
$1M to $5M