This Security Leader Is Turning Surging Cyber Threats Into Recurring Revenue

Palo Alto Networks is emerging as a leader in cybersecurity and one of the best growth stocks on the market.

Cybersecurity is a growth industry if ever there was one. A decade ago, it was just your computer or your phone that was connected to the internet. Today everything from your toaster to your TV has an internet connection.

To make matters worse, artificial intelligence (AI) has made a hacker’s job much easier. It used to be that a hacker at least had to take a break to eat or sleep. But now, they can have an AI program running while they get some R&R after a long day of stealing your data.

Finally, quantum computers represent the digital equivalent of nuclear weapons in the cybersecurity arms race. Quantum machines have the theoretical capability to shred even the best encryption in minutes.

Image source: Getty Images.

Mercifully, they’re out of reach for the average hacker, but the United States is not the only country working on quantum computers, nor is it the only country with the technical ability to build them.

Fortunately for all the individuals, businesses, and governments threatened by advances on the offensive side of the cybersecurity arms race, there’s Palo Alto Networks (PANW +0.44%) standing ready with a shield against all the unsavory elements of the 21st century internet.

Today’s Change

(0.44%) $0.77

Current Price

$176.97

Key Data Points

Market Cap

$123B

Day’s Range

$172.99 – $178.10

52wk Range

$144.15 – $223.61

Volume

7.6M

Avg Vol

Gross Margin

73.47%

Building a digital fortress

Based in Santa Clara, California, Palo Alto Networks is a leading cybersecurity company that has clients in business and government the world over.

It offers three platforms that are AI powered and cloud enabled.

First is the Strata cloud manager, which allows a customer to combine all the nodes in their network and manage security across them from a single program. Strata alone has 70,000 customers, including 94 of the fortune 100.

Second is the Prisma Cloud, which is…

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