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The global market for network security is expected to reach $13.4 billion by 2016, which was valued at $10 billion in 2012. Out of the $13.4 billion, more than 50% share is forecasted to be for the firewall products based on the growing malware threats and unauthorized intrusions in networks. One of the players in the firewall market is Palo Alto Networks (PANW), which will benefit the most from the expected growth in firewall sales. The company is expected to grow very rapidly in terms of revenue with its innovative and advanced product range.

Source: Company data

Company overview

Palo Alto Networks is the industry pioneer in next-generation firewalls, or NGFW. The company...

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