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The stock is still staying resilient amid software sector selloffs.
Palo Alto Networks' next-gen security ARR has surpassed $6.3 billion with over 50% growth guidance.
KEY POINTS
- PANW is participating in Anthropic’s Project Glasswing to address emerging AI-driven cybersecurity threats.
- Despite a high forward GAAP P/E of about 85x, PANW shows strong technical support near $140.
- The market's bearish view on PANW is challenged by its sector leadership and AI-focused strategy.
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