Why Palo Alto Networks Stock Will Move Higher

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Palo Alto Networks Inc. (NYSE:PANW) offers a network security platform in the Americas, Europe, the Middle East, Africa, Asia Pacific, and Japan. This platform comprises next-generation firewalls that deliver application, user, and content visibility and control. It delivers its platform in the form of hardware or virtual appliance and includes a suite of subscription services, as well as support and maintenance services.

The company’s products include firewall appliances; Panorama, a centralized security management solution for the global control of appliances deployed on an end customer’s network as a virtual appliance or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with the appliance. Its subscription services include threat detection and prevention, URL filtering, laptop and mobile devices protection, and malware and threats protection. The company also offers professional services, which include on-location planning, designing, and deployment of security solutions; application traffic management, solution design and planning, configuration, and firewall migration; and education services.

The company primarily sells its products and services through its channel partners, as well as directly to end customers operating in various industries, including education, energy, financial services, healthcare, Internet and media, manufacturing, public sector, and telecommunications. But is it a stock you should consider buying? If recent performance is an indication, then by all means this stock is a buy at current levels of $70 going forward.