Palo Alto Network’s (NASDAQ: PANW) stock price has been in a multi-year uptrend that will continue for many more years because of its leadership position in cybersecurity. It is the world’s leading cybersecurity provider, and its business is supported by the increasing use of digitization by businesses and industries, compounded by the exponential rise in cyber threats. The latest data shows cybersecurity incidents accelerating above 50% in 2024 and are expected to continue growing, aided by AI. With the rise in threat comes an increase in time and cost to mitigate, making cybersecurity and Palo Alto vital to the global economy.
