Meet the Newest Stock-Split Stock in the S&P 500. It's Soared 2,080% Since Its IPO, and It's a Buy Right Now According to Wall Street.

The S&P 500 is the most widely recognized stock market index in the U.S., consisting of the 500 largest companies in the country. Given the extensive reach of its member companies, it's considered by many to be the most reliable gauge of overall stock market performance. To be included in the S&P 500, a company must meet the following prerequisites:Palo Alto Networks (NASDAQ: PANW) has been a member of the S&P 500 since June 2023, but the cybersecurity specialist recently announced a 2-for-1 forward stock split. This is typically the purview of a company with years of strong operating and financial results, and Palo Alto fits the bill. Since its initial public offering (IPO) in mid-2012, Palo Alto shares have soared 2,080% as the company has been a key player in the evolving cybersecurity market. Those results aren't relegated to the distant past either. Over the past five years, Palo Alto stock has surged 368% (as of this writing).Despite its impressive gains, many on Wall Street believe there's a long runway ahead. Let's look at what's driving Palo Alto's current success and what the future holds.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool