Palo Alto Networks (PANW) started fiscal year 2025 on a strong note, reporting better-than-expected revenue and profitability in Q1. Nonetheless, the dip in Palo Alto Networks stock could be a solid buying opportunity, as the momentum behind the platformization strategy builds. Customers are upgrading to newer solutions, expanding capacity, and replacing competitors’ offerings with the Palo Alto Networks integrated platform. For example, Palo Alto Networks secured a $50 million deal with a major technology firm in Q1. Analysts Remain BullishPalo Alto Networks is well-positioned to meet its ambitious goal of achieving 2,500 to 3,500 platformization deals by FY30.

Source: Forbes November 21, 2024 14:44 UTC