Why Palo Alto is a Nasdaq star despite the stock market crash

Palo Alto had a spectacular stock market rise, but a slight cut in the forecasts – it has just announced a growth for this year of only 16% compared to the 25% that analysts expected – caused a stock market crash of more than 25%. Despite this stumble on the stock market, Palo Alto is a star value on the Nasdaq.

The company has multiplied its capitalization by five in five years , rose more than 100% in 2023 and this year it appreciated 27% before the fall. It is a world leader in cybersecurity and one of the best positioned companies in artificial intelligence.

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Published on February 22, 2024 15:40
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