Why Palo Alto Networks Stock Just Popped
Palo Alto stock tries to roll up the AI cybersecurity industry and buy out its competition.
Overview
Palo Alto Networks (NASDAQ: PANW) stock jumped 11.1% through 10:05 a.m. ET Thursday on rumors the cybersecurity giant is shifting decisively into acquisition mode.
As StreetInsider.com reported yesterday, Palo Alto Networks spent much of the past two years trying to acquire cybersecurity rivals Okta and Datadog. Rebuffed on both counts, Palo Alto has moved on in search of easier targets -- and may have already found two of them.
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Originally published at www.fool.com.
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