Palo Alto Networks spent the past couple of years knitting together a one-stop cybersecurity shop. The digital defender has spent nearly $3 billion on acquisitions since CEO Nikesh Arora took the helm in June 2018. As the pandemic pushes workers remote, Palo Alto is capitalizing on the trend by helping companies protect assets outside the traditional corporate firewall. Investors have apparently forgiven the company for being unprofitable on a GAAP basis as total shareholder returns averaged 19% over the past three years through Sept. 30.
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