13 Best Cybersecurity Stocks to Buy According to Billionaires

Page 9 of 11

3. Palo Alto Networks Inc. (NASDAQ:PANW)

Number of billionaire investors: 14

Dollar value of holdings: $708,098,599

Palo Alto Networks Inc. (NASDAQ:PANW) is a global leader in cybersecurity, providing AI-driven security solutions to protect enterprises across networks, clouds, endpoints, and applications.

Palo Alto Networks Inc. (NASDAQ:PANW) has introduced Prisma SASE 5G. It is a cloud-native Zero Trust security solution designed to help service providers secure enterprise 5G deployments amid rising cyber threats. The company is expanding its private 5G ecosystem, partnering with industry leaders like Nokia, NTT DATA, NVIDIA, and Telenor to deliver comprehensive 5G security solutions. These will protect critical infrastructure, industrial IoT, and mobile networks.

Palo Alto Networks Inc. (NASDAQ:PANW) reported Q2 2025 revenue of $2.3 billion, a 14% year-over-year increase, driven by strong adoption of AI-driven security solutions and cloud investments. Next-Generation Security annual recurring revenue grew 37% to $4.8 billion, while the remaining performance obligation rose 21% to $13.0 billion. Non-GAAP net income increased to $0.6 billion, up from $0.5 billion in Q2 2024, showcasing improved profitability.

On February 18, 2025, Analyst Shyam Patil from Susquehanna maintained a Buy rating on the stock and raised the price target from $218 to $230.

Page 9 of 11