Meet the Newest Stock-Split Stock to Join the S&P 500

It Soared 1,780% Over the Past Decade, and It's Still a Buy Right Now, According to 1 Wall Street Analyst

Palo Alto Networks (PANW) is the latest stock-split stock to join the S&P 500. The cybersecurity company's stock has soared 1,780% over the past decade, and it's still a buy right now, according to at least one Wall Street analyst.

Palo Alto Networks' Stock Split

Palo Alto Networks announced a 3-for-1 stock split in May 2022. The stock split took effect on July 1, 2022. This means that shareholders who owned one share of Palo Alto Networks stock before the split now own three shares.

Palo Alto Networks' Business

Palo Alto Networks is a cybersecurity company that provides a range of products and services to help businesses protect their networks and data. The company's products include firewalls, intrusion detection systems, and cloud security solutions.

Palo Alto Networks' Financial Performance

Palo Alto Networks has been a strong financial performer in recent years. The company's revenue has grown from $1.5 billion in fiscal 2016 to $4.3 billion in fiscal 2022. The company's net income has also grown significantly, from $230 million in fiscal 2016 to $985 million in fiscal 2022.

Palo Alto Networks' Stock Performance

Palo Alto Networks' stock has been a strong performer over the past decade. The stock has risen from $25 per share in 2012 to $590 per share in 2022.

Is Palo Alto Networks a Buy Right Now?

According to at least one Wall Street analyst, Palo Alto Networks is still a buy right now. The analyst believes that the company's strong financial performance and its leadership position in the cybersecurity market make it a good investment for long-term investors.

Conclusion

Palo Alto Networks is a strong company with a bright future. The company's stock has been a strong performer over the past decade, and it's still a buy right now, according to at least one Wall Street analyst.