Palo Alto Networks Announces 2-for-1 Stock Split. Here's What Investors Need to Know.

There's no denying the ongoing threat of cybersecurity attacks. The global average cost of a data breach in 2024 thus far has been $4.88 million, according to a report by IBM, and that amount grows with each passing year. The stakes have never been higher and with the significant potential for business disruption, cybersecurity has become a critical consideration for any business -- and Palo Alto Networks (NASDAQ: PANW) is an undisputed leader in the field.The company's consistent execution and business performance have fueled its impressive rise. Palo Alto stock has gained 111% over the past three years, driven by strong revenue and profit growth resulting from surging demand for cybersecurity solutions. But there's more. Since Palo Alto's initial public offering (IPO) in mid-2012, the stock has soared from a split-adjusted price of $14 to more than $383, representing impressive gains of 2,638%.On Thursday, in conjunction with the release of the company's quarterly results, Palo Alto announced plans to split its shares for the first time since September 2022. The stock has more than doubled in the interim, which is likely the catalyst for this corporate action. This revelation is causing investors to take a fresh look at the stock. Let's review the specifics of a stock split and what it means for investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool