Here's Why Palo Alto Networks Stock Could Go Higher

It was just over two months ago that Palo Alto Networks (NYSE: PANW) stock looked all set to break out of mediocrity and lift off on the back of its fast revenue growth, improving outlook, and a tremendous end-market opportunity. For its fiscal year 2021, which ended July 31, Palo Alto booked $4.26 billion in revenue, an increase of 25% over the previous fiscal year. Non-GAAP earnings per share are expected within the $7.15 to $7.25 range, which would translate into a 17% year-over-year increase at the midpoint.