Palo Alto Networks’ stock price increased by 26 percent in 2024, as global demand for cybersecurity continued to rise. The stock price also increased because the demand for cybersecurity continues to rise globally. The stock reached a high of $207 and has since fallen to $186. Is PANW worth buying in 2025?
PANW has a great growth rate
Palo Alto Networks has been one of the fastest growing companies in cybersecurity. The company offers solutions for network security, cloud-based security and artificial intelligence. It offers both hardware and software products, such as hardware firewalls.
Palo Alto Networks has seen a good business in recent years, adding thousands of new customers around the world. Caesars Entertainment is one of its top clients, along with Salesforce, ADT and Michelin.
PANW has seen its business grow from $3.4 Billion in 2019 to $8 Billion in 2023. The trend is likely to continue, though at a slower pace.
The company is now profitable. The company has moved from a $498m net loss in 2012, to over $2.7bn net profit.
Platformization, which is a concept that helps companies consolidate their security functions to reduce complexity, was credited with the positive results of the business in the most recent quarter. Platformization involves consolidating security functions in order to simplify them.
Analysts were surprised by the results, which showed Q1’25 revenues of $2.1 billion. This was a 14 percent increase over last year. The ARR for next-gen security rose to $4.52billion, exceeding the guidance.
Management expects that the business will continue to do well. The company hopes that the NGS ARR will range between $4.7 billion and $4.75billion for its second quarter, and its revenue will increase between 12-14%.
Wall Street analysts believe that this company’s growth will remain positive for some time. According to 50 analysts, the average forecast is for revenue growth of 14% in the current year. This will be followed by a rise of $10.58 in the following financial period.
Analysts also expect the Palo Alto Networks share price to grow from $186 at the moment, up to $204 in the future.
Cramer recommends this split-stock company to buy amid a post-earnings drop
Palo Alto Networks stock price analysis
Weekly chart showing PANW’s share price in slow upward trend in past years. It reached record highs of $207 and $207 in December. The black ascending channel has been formed and the price is now slightly lower than $190, which was the main support.
Relative Strength Index has formed a channel that is ascending. The index has also formed an ascending channel. The stock is therefore neutral, with a slight bearish tilt. If the stock moves below the channel’s lower edge, it will likely drop as low as $150.
The following post is titled Is Palo Alto Networks good for cybersecurity in 2025? This post may change as new information becomes available
