Palo Alto Networks Bottoms But A Rebound May Not Be Coming

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Palo Alto Networks Is A Highly Valued StockPalo Alto Networks (NASDAQ:PANW) had such a good quarter the results are lifting the entire cybersecurity industry. The problem for us is the results aren’t that strong, the growth is largely priced into the market, and trading at over 65X its earnings it is one expensive stock to own. In light of the fact Palo Alto Networks doesn’t pay a dividend, this gives us no reason to want to own it. While the analysts still see upside potential in the name, we think any rebound that gets started now will be met by resistance well below the all-time high. Q1 20…

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