Palo Alto Networks, Inc. (PANW) allows firms, service providers and government bodies to impose stringent security measures through its network security platform.
The company is gaining customer accounts and increasing penetration of existing customers, consequently driving revenue growth.
in each of the last 21 quarters, Palo Alto has added at least 1,000 customers. The vast customer base presents the company an opportunity to upsell products within its installed user base. Any product revamp brings in additional dollars as enterprises attempt to keep threat-management infrastructure updated. These factors, in turn, support the top line.
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