Palo Alto Networks: Fierce Competition, Shares Remain Near Fair Value
Palo Alto(PANW) Seeking Alpha·2024-04-27 03:01
Sundry Photography Cybersecurity stocks took off to start 2024. The WisdomTree Cybersecurity Fund ETF (WCBR) continued its surge off lows notched in October last year, but the ETF has since pulled back considerably as we head into the quarterly reporting season for cybersecurity companies. I reiterate a hold rating on Palo Alto Networks, Inc. (NASDAQ:PANW). I see the stock near fair value amid strong EPS growth, though I am a bit more sanguine on the tech stock's chart which I will detail later in the artic ...