Palo Alto Networks and DigitalOcean Use AI to Target Growth in Cybersecurity and Cloud Computing
-
Palo Alto Networks is using AI across its cybersecurity platforms to provide advanced protection against sophisticated threats. Its Cortex XSIAM product resolves up to 90% of incidents automatically.
-
Palo Alto wants customers to ditch competing cybersecurity products to use its platforms exclusively, which could drive significant long-term growth.
-
DigitalOcean acquired Paperspace to provide affordable AI infrastructure, targeting small and medium sized businesses.
-
DigitalOcean estimates a $114B market opportunity in 2024, swelling to $213B by 2027. AI could expand this total addressable market into the trillions.
-
Both Palo Alto and DigitalOcean stocks are significantly below their all-time highs, presenting potential entry points for investors.