Wall Street's Latest Stock-Split Stock

This is a news story, published by Yahoo Finance, that relates primarily to Palo Alto Networks news.

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The Motley Fool

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Meet Wall Street's Newest Stock-Split Stock -- an Industry-Leading Company That's Soared 2,100% Since Its IPO

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Meet Wall Street's Newest Stock-Split Stock -- an Industry-Leading Company That's Soared 2,100% Since Its IPO .

Palo Alto Networks ( NASDAQ : PANW) is set to go into effect following the close of trading on Dec. 13 .

The cybersecurity company's board approved a 2 -for-1 forward split, which will reduce its share price from the upper $ 300s to the $ 100s .

Palo Alto Networks closed out the October-ended quarter with 305 customers yielding at least $1 million in annual recurring revenue (ARR) The company's forward price-to-earnings ratio of 53 is aggressive.

With an increasingly higher percentage of the company's net sales coming from SaaS subscriptions, there's a good chance we'll see earnings growth outpace its sales growth.

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