PANW · suggested 2026-06-28
Palo Alto Networks protects company networks, cloud systems and security teams, increasingly sold as one bundled platform rather than separate tools. Like CrowdStrike it is a software and subscription business, hard for rivals to break into and a strong generator of cash. We like it because customers are standardising on fewer, bigger security vendors, and Palo Alto is one of the winners of that shift.
Where this sits in the cycle
Security budgets are resilient through the cycle, so demand is steadier than for hardware. The risk is the valuation: it is priced for growth, so a jump in interest rates or any slip in growth hits it hard. It is not very seasonal beyond the usual year-end budget flush.
The diary
Each entry records the price of the day beside your judgment of it. The figures are captured once and never argue with memory; the words stay yours to rewrite or remove.
PANW · suggested 2026-06-28
323,79 USD
+6,4% since suggestion at 304,2 USD
iShares Global Tech Index, the bet to beat: -3,9% over the same stretch
Daily closes, the newest refreshed through the trading day.
Today the price sits 9% above its 50-day average and 53% above its 200-day average.