Analysts Predict New Highs For Cybersecurity Stock By Christmas

Quick Summary:

As CFO Dipak Golechha summed up at the time, "We successfully balanced profitable growth, as our non-GAAP operating margins increased by more than 300 basis points for the year with strong cash generation, marking one of the best years for Palo Alto Networks".

Shares of Palo Alto Networks (NASDAQ: PANW) have had a stellar year, with shares continuing to build on a 180% rally that started in early 2023.

As we head into the final few weeks of the year, there are several reasons for investors to be excited about Palo Alto Networks' stock.

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Article Details

Author / Journalist: MarketBeat

Category: Technology

Markets: United States

Topics: CRWD Trading Ideas Analyst Ratings General PANW Tech Contributors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 15:40:40 (6 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 727 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23204011

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