Palo Alto Networks, Inc. - Common Stock (PANW)

Equities had a mixed week, but the tech-heavy NASDAQ powered to an all-time high; big tech earnings and key economic reports could bring more volatility

The benchmark S&P 500 index is hitting fresh all-time highs, which, in tandem with a dovish-leaning Fed, is helping to fuel a risk-on sentiment across stocks.

CrowdStrike's July software update incident caused turmoil around the world, but the company seems to be recovering smoothly.

Momentum traders should consider these stocks, which have analysts' support and ample upside potential. The CQ3 earnings report will provide catalysts.

EQNX::TICKER_START (OTCQB:PLCKF),(TSXV:PLUR),(NASDAQCRWD),NASDAQ:PANWNASDAQPANW)(NYSE:ZSNYSEZS,(NYSE:BBNYSE),(NYSE:PLTRPLTR) EQNX::TICKER_END

Palo Alto Networks is on track to continue its uptrend and may set a new high soon. If so, investors can expect another 50% upside within 12 months.

As many customers are looking for an alternative to CrowdStrike, here are three cybersecurity stocks that may be better options for investors

PALM BEACH, Fla., Oct. 11, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global cyber security market size, which was estimated at USD 222.66 Billion in 2023 is projected to grow at a compound annual growth rate (CAGR) of 12.3% through 2030 according to a report from Grand View Research. The report said: “A growing number of cyber-attacks owing to the proliferation of e-commerce platforms, emergence of smart devices, and deployment of cloud are some key factors propelling market growth. Moreover, increasing usage of devices equipped with the Internet of Things (IoT) and intelligent technologies is expected to increase cases of cyber threats. As such, end-user organizations are anticipated to integrate advanced cyber security solutions to mitigate cyber-attack risk, supporting the cyber security market growth. With cyber environment emerging as a highly integrated system, need for an adaptive, multi-layered, and self-learning security system has become imperative. In addition, factors such as emergence of mobile-networked devices, prevalence of electronic communications, growth of social media, and an increasing reliance on Big Data have created a need for defense cybersecurity system to be updated with the changing cyber threat scenario. Governments have increased their spending on cybersecurity solutions to protect devices and confidential data from cyberattacks, supporting market growth.”   Active Companies in the industry includes: Plurilock Security Inc. (OTCQB: PLCKF) (TSX-V: PLUR), BlackBerry Limited (NYSEBB), Palo Alto Networks NASDAQ: PANWNASDAQPANW)(NASDAQ: ZSNASDAQZS, Palantir Technologies Inc. (NYSE: PLTRNYSE).

The fear of an economic recession has been ever prevalent for years. Investors constantly wonder how to protect their portfolios in the event of a recession.

EQNX::TICKER_START (OTCQB:PLCKF),(TSXV:PLUR),(NASDAQPANW),NYSE:SNYSES)(NASDAQ:CRWDNASDAQCRWD,(NYSE:PLTRNYSE) EQNX::TICKER_END

SentinelOne Inc. (NYSES) is a cybersecurity company that provides an artificial intelligence (AI) powered autonomous cybersecurity platform.

PALM BEACH, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary -- The Artificial Intelligence (AI) in cybersecurity solutions is projected to continue to have significant growth in next several years. The alarming rise in cyberattacks shows the urgent need for robust cybersecurity measures. Globally, the frequency of cyberattacks is on the rise, impacting individuals, enterprises, and governments, leading to substantial financial losses. Cybercriminals target endpoints, networks, and data, with motives ranging from political rivalry and financial gain to damaging reputation and furthering radical religious group interests. Prominent ransomware such as WannaCry, Petya, NotPetya, and BadRabbit have significantly affected large-scale enterprises and government organizations. The CISCO cybersecurity threat trends report for 2021 reveals alarming statistics, including a high percentage of organizations facing phishing attempts, malicious browser ads, crypto mining, and ransomware-related activities. The escalating sophistication of cyber threats, particularly ransomware, is compelling organizations globally to prioritize cybersecurity solutions and services for safeguarding critical IT infrastructure and sensitive data. According to Microsoft, the US was the primary target of 46% of cyberattacks in 2020, emphasizing the urgent need for robust cybersecurity measures worldwide. A report from MarketsAndMarkets projected that the global Artificial Intelligence in Cybersecurity Market size, which was valued at USD 22.4 billion in 2023, is expected to grow at a CAGR of 21.9% from 2023 to 2028. The revenue forecast for 2028 is projected to reach $60.6 billion.  Active Companies in the industry includes: Plurilock Security Inc. (OTCQB: PLCKF) (TSX-V: PLUR), Palo Alto Networks (NASDAQPANW), SentinelOne® NYSE: SNYSES)(NASDAQ: CRWDNASDAQCRWD, Palantir Technologies Inc. (NYSE: PLTRNYSE).

The cloud security sector is booming, with one company emerging as a leader due to its cloud-native approach, strong financials, and innovative technology.

Analysts are raising the consensus figure for these hot, buy-and-hold stocks and leading their markets to new highs. It is not too late to get in.

Cincinnati, Ohio--(Newsfile Corp. - August 27, 2024) - CBTS, a global provider of IT solutions and services—including Application Modernization, Digital...

Stocks closed the week higher on the near certainty that the Fed will cut interest rates in September, but in the short term, all eyes are on NVDA earnings

Palo Alto Network is rising after solid results and guidance lifted market sentiment. Analysts are raising their price targets and see this stock at new highs.

Palo Alto Networks just reported their latest quarterly financial results, indicating massive growth and upside to be had ahead in this company

Global energy technology company SLB (NYSESLB) and global cybersecurity leader Palo Alto Networks NASDAQ: PANWNASDAQPANW)

Global cybersecurity leader Fortinet Inc. (NASDAQFTNT) stock has been surging following its robust Q2 2024 earnings top and bottom line beats.

NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Palo Alto Networks (NASDAQPANW) on behalf of long-term stockholders following a class action complaint that was filed against Palo Alto Networks on February 26, 2024 with a Class Period from August 18, 2023 to February 20, 2024. Our investigation concerns whether the board of directors of Palo Alto Networks have breached their fiduciary duties to the company.

Bountiful, Utah--(Newsfile Corp. - July 31, 2024) - OneMeta Inc. (OTCQB: ONEI) (www.onemeta.ai), the leading innovator in AI-powered translation and transcription services,...

EQNX::TICKER_START (OTCQB:SCPCF),(CSE:SCPE),(NASDAQPANW),NASDAQ:CRWDNASDAQCRWD)(NASDAQ:FTNTNASDAQFTNT,(NASDAQ:ZSNASDAQ) EQNX::TICKER_END

PALM BEACH, Fla., July 09, 2024 (GLOBE NEWSWIRE) -- FinancialNewsMedia.com News Commentary - The quantum computer market based on quantum computing technology advancements and is spurring an increasing appetite for the quantum technologies across numerous industries. Quantum computing which is regarded as an unbeatable super-computer with the ability to solve complex issues at an impracticably fast rate has attracted firms’ interest in exploration of ways through which they can harness the quantum capabilities. A report from Skyquest said that the Global Quantum Computing Market, which was valued at USD 641 million in 2022, rose from USD 837 million in 2023 and is expected to reach a value of USD 7135 million by 2031, at a CAGR of 30.7% during the forecast period (2024–2031).  The report said: “The growth of the market is largely attributed to the expanding sphere of quantum computing applications, comprising optimization, machine intelligence, encryption, drug finding, and financial modelling. Besides the increasing interest on data security matters and better computation performance solutions, the cross-sector raging applications are covering space and defense, healthcare, finance, and manufacturing. The quantum computing initiatives and research collaborations are the next level addition that is culminating in the fast innovation in this field. The healthy relationship between startups, academia, and big players in the tech sector is being seen.”   Active companies in the markets this week include: Scope Carbon Corp. (OTCQB: SCPCF) (CSE: SCPE), Palo Alto Networks (NASDAQPANW), CrowdStrike NASDAQ: CRWDNASDAQCRWD)(NASDAQ: FTNTNASDAQFTNT, Zscaler, Inc. (NASDAQ: ZSNASDAQ).

UiPath Inc. (NASDAQPATH) is the leader in robotic process automation and business process automation. The company has been involved with AI for years