AI-Powered Cybersecurity Leader Palo Alto

This is a Palo Alto news story, published by Yahoo Finance, that relates primarily to Cortex XSIAM news.

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Palo Alto Networks

The Motley Fool

•

Technology

1 No-Brainer Artificial Intelligence (AI) Stock to Buy With $190 and Hold for the Long Term

Summary

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80% Informative

Palo Alto Networks is quickly becoming a leader in artificial intelligence (AI)-powered cybersecurity.

The company is forecasting nearly 200% growth in its AI revenue over the next five years .

Palo Alto stock currently trades at a steep discount to its main rival, CrowdStrike , which might spell an opportunity for investors.

The cybersecurity industry has a history of fragmentation, so different vendors specialized in specific products, so businesses had to piece their security stack together.

Palo Alto Networks' NGS ARR of $5.1 billion alone is higher than CrowdStrike 's total annual revenue.

Palo Alto values its addressable market for Cortex XSIAM alone at $40 billion , which is 40 times higher than the product's current annual bookings.

The company is aiming to nearly triple its ARR to $15 billion by 2030 .

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formal

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English

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