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As Cybersecurity Budgets Grow, Palo Alto Networks, Cisco, and Others Compete

Annie Gaus

Enterprises are spending more and more on cybersecurity. Shares of each were roughly flat on Friday, with Cisco closing out the week at $51.07 and Palo Alto Networks at $234.63. Based on a survey of enterprise spending, cybersecurity budgets are projected to grow about 20% year-over-year in 2019, he noted.