Palo Alto Networks Stock Rallies 32% YTD: Time to Buy, Sell or Hold?
PANWPalo Alto(PANW) ZACKS·2024-12-11 22:05

Palo Alto Networks, Inc. (PANW) has delivered an impressive 32.4% year-to-date (YTD) rally, far outpacing the Technology Select Sector SPDR Fund (XLK) ETF’s 22.5% gain and the S&P 500's 27.3% rise. PANW stock has also exceeded its competitors, Juniper Networks, Inc. (JNPR) and Check Point Software Technologies Ltd. (CHKP) , which have rallied 26.2% and 22.3%, respectively, during the same time frame. Palo Alto Networks' outperformance underscores its dominant position in the cybersecurity sector. But with s ...