Palo Alto Networks: One Of My Favorite Tech Stocks For 2024

Summary

  • Palo Alto Networks (PANW) offers value on stock price corrections despite its recent surge in the stock market.
  • PANW is well-positioned in the cybersecurity industry, which is experiencing escalating cybercrime threats.
  • The company's focus on AI-driven cybersecurity and successful acquisitions contribute to its financial robustness and strong Q1 results.
  • Looking for more investing ideas like this one? Get them exclusively at iREIT® on Alpha. Learn More »

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Introduction

If there's one thing I have highlighted in recent articles, it's my increased focus on value stocks, given that the stock market valuation hints at subdued long-term total returns.

Generally speaking, this favors stocks with low valuations and/or decent

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This article was written by

42.89K Followers

Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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