Palo Alto Networks sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers and government entities operating in various industries, including education, energy, financial services, government entities, health care, internet and media, manufacturing, public sector and telecommunications.

Last week, BTIG Research lifted its $270 price target on Palo Alto Networks stock to $292. The $274.77 consensus is closer to Friday’s $240.20 closing share price.

Zscaler

This remains one of the hottest cybersecurity stocks and is a top pick across Wall Street. Zscaler Inc. (NASDAQ: ZS) operates as a cloud security company worldwide. Its offerings include the following:

• Zscaler Internet Access solution provides users, workloads, IoT, and OT devices secure access to externally managed applications, including SaaS applications and internet destinations.
• Zscaler Private Access solution is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.
• Zscaler Digital Experience measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise.
• Posture Control solutions comprising Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service and PaaS to reduce risk and ensure compliance with industry and organizational benchmarks.
• Cloud Infrastructure Entitlement Management detects and remediates excessive or unused cloud permissions and enforces least privileged access without disrupting productivity.
• Infrastructure as Code (IaC) analyzes IaC templates to identify misconfigurations and other security issues prior to deployment to cloud infrastructure.
• Vulnerability Scanning and Data Loss Prevention solutions.

The company’s platform modules include Zscaler Central Authority, Zscaler Enforcement Node and Zscaler Log Servers.

Zscaler serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, health care, manufacturing, media and communications, public sector and education, technology and telecommunications services industries.

The $210 target price at Needham accompanies a Strong Buy rating. The consensus target is just $183.97. On Friday, Zscaler stock closed at $156.10.

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The need for cybersecurity is clearly increasing every year, and without fail, every couple of years we see a massive hack of major companies. These top stocks offer investors solid ways to play the segment in various areas. Most importantly, they all are trading at levels that offer reasonable entry points and have big upside potential.