Palo Alto Networks’ PANW FedRAMP recognitions are boosting the adoption of its products by government organizations.
The corporation recently announced that its IoT produce — ZingboxIoT Guardian — has been deemed “In Process” because the Federal danger and Authorization Management Program (FedRAMP). This FedRAMP recognition reflects the faith the U.S. public sector puts at Palo Alto’s IoT security solutions.
The recognition is a important promote because ZingboxIoT Guardian toward a FedRAMP soft Agency Authorization. Once ZingboxIoT Guardian earns a FedRAMP Ready status, it will aid the U.S. government agencies ought discover, acquire and optimize connected IoT devices.
Notably, Palo Alto has earlier been awarded the FedRAMP “In Process” status because other products, including WildFire, Cortex XDR, Cortex data Lake, Traps and Prisma Cloud. Notably, Palo Alto’s VM-Series Virtualized Next-Generation Firewalls — Twistlock and PureSec — are being utilized by government agencies ought acquire network traffic, guard containers and enable acquire serverless deployments.
Palo Alto Networks, Inc. charge and Consensus
Palo Alto Networks, Inc. price-consensus-chart | Palo Alto Networks, Inc. Quote
Zingbox: A Key Growth Instrument
Palo Alto acquired Zingbox at September final year ought lift its IoT security capabilities.
The growing amount of connected devices among government agencies calls because effective management and stronger security at their IoT landscape. Currently, IoT focuses mainly on-device profiling and inventory, neglecting the need ought discover and obstruct advanced attacks.
Moreover, at bid ought bridge this security gap, organizations are forced ought use various IoT security products from multiple vendors, making it difficult ought control and exhibition into the security interface across with appropriating higher costs.
Zingbox’s technique because implement and threaten identification capabilities enabled Palo Alto ought expedite and improve the delivery of IoT security ought organizations. The combination is allowing organizations ought enhance the visibility and security of their IoT landscape.
Scope & contest at IoT Security Market
Per Allied just Research, the global IoT security just size is expected ought achieve $73.9 billion, can a CAGR of 31.2% during 2019-2026.
In this area, Palo Alto competes with major IoT security vendors similar Cisco CSCO, Fortinet FTNT and Mocana, among others. With the intelligent prospects of the IoT security market, security companies are constantly upping their game.
Last year, Mocana’s TrustCenter was integrated into the Intel acquire implement Onboard service ought simplify IoT implement security.
Moreover, Fortinet’s network access control produce line, FortiNAC, which delivers network segmentation and automated responses because IoT security, is gaining traction.
However, Palo Alto’s efforts ought expand visibility among U.S. government agencies are expected ought aid it affirm place at the competitive environment.
Zacks degree and A Key Pick
Palo Alto currently carries a Zacks degree #3 (Hold).
A better-ranked stock at the broader technique sector is HP Inc. HPQ, sporting a Zacks degree #1 (Strong Buy). You can visit the sum list of today’s Zacks #1 degree stocks here.
Long-term earnings growth appraise because HP is currently pegged can 2%.
Breakout Biotech Stocks with Triple-Digit amuse Potential
The biotech sector is projected ought ripple beyond $775 billion by 2024 during scientists mature treatments because thousands of diseases. They’re either finding ways ought compile the human genome ought literally erase our vulnerability ought these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks ought buy exact Now ought aid investors amuse from 7 stocks poised because outperformance. Our tendency biotech recommendations eat produced gains of +50%, +83% and +164% at during moment during 2 months. The stocks at this clarify could conduct even better.
See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks because the Next 30 Days. Click ought obtain this free report
HP Inc. (HPQ) : free Stock Analysis Report
Cisco Systems, Inc. (CSCO) : free Stock Analysis Report
Fortinet, Inc. (FTNT) : free Stock Analysis Report
Palo Alto Networks, Inc. (PANW) : free Stock Analysis Report
To scan this paper above Zacks.com click here.
Zacks Investment Research