Palo Alto Networks Inc (#PANW) Stock Price, Live Chart & Analysis | Trade #PANW

Palo Alto Networks Inc is one of the leaders in the IT sector when it comes to technological innovation. The company was founded in 2005 by Nir Zuk and is headquartered in Santa Clara, California. Palo Alto Networks is a team of engineers from leading American cybersecurity firms: CheckPoint. Cisco, NetScreen, McAfee, Juniper Networks The company enjoys a strong reputation in the market and its profits are growing steadily. Software sales and paid subscriptions constitute 40% and 60% of the revenue structure respectively. Palo Alto Networks platform ensures continuous network, endpoint and cloud security. Its clients include government, financial, energy, defense, healthcare, education and media institutions.

Palo Alto Networks stock is among the most stable in the market and is currently in a long-term bullish trend. What affects the cost of the PANW stock? First of all, the demand for products. With the development of technology, the demand for protection against cyber attacks is growing steadily. Palo Alto Networks has a reputation for providing some of the best cybersecurity solutions. The company will release new products regularly because hacking techniques improve all the time. Consumers will need more reliable protection from hackers.

However, the cybersecurity market is highly competitive. Kaspersky Lab, McAfee, Symantec are also popular in the market. Consumers often change their preferences in favor of better quality, lower cost, and more user-friendly products. Investors' sentiments are also unstable: they may consider the company to be promising and buy its stock but after a while they might sell it and support another company which seems to them more promising. The PANW rate largely depends on the above-mentioned factors.

When trading Palo Alto Networks stocks, traders should follow the industry news. Reports of a major cyber attack or an antivirus vulnerability can seriously impact the price of the company's stock. At the same time, new releases of products from competitors may draw the attention of consumers, as a result of which the PANW stock will decrease in price.