cybesecurity-paloaltonetworks

Top 10 Series: Palo Alto Networks

Jason Myhre
May 23, 2019 | 4 min read

When it comes to cybersecurity, gone are the days of simple network firewalls and anti-virus software. Cyberattacks and data breaches are sharply on the rise. As the complexities of cybersecurity have multiplied – so have companies' vulnerabilities to attack. The fourth company in our Top 10* series is helping modern businesses meet these challenges...


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Company Name: Palo Alto Networks
Weight: 3.20% of Eventide Gilead (#4 of top 10 holdings)
Theme: Cybersecurity

When it comes to cybersecurity, gone are the days of simple network firewalls and anti-virus software. Cyberattacks and data breaches are sharply on the rise. As a result, cybersecurity is now viewed as a matter of defense, not just compliance.Cybersecurity Further, as companies have embraced cloud computing and mobile devices, the complexities of cybersecurity have multiplied – as have their vulnerabilities to attack. Palo Alto Networks offers an all-in-one cybersecurity platform to help modern businesses meet these challenges and protect their valuable data, apps, and infrastructure. With their deep domain expertise in cybersecurity and focus on innovation, Palo Alto Networks has become the global leader in cybersecurity. Fortune Magazine named them one of the Top 50 Companies Changing the World (September 2017) and a Future 50 company (October 2017), and among their 56,500 customers are leaders in our digital age, including Google and Amazon Web Services. Impressively, they consistently post the highest Net Promoter Scores in the cybersecurity industry (a measure of customer delight) and ranked #1 as the “best place to work” in the San Francisco Bay Area by the SF Business Times (2016). (Palo Alto Networks is based in Santa Clara, CA.)

Don't want to wait for the next post? To learn about all ten companies in this series, check out the Eventide Gilead Portfolio Impact Highlights here:

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*A "Top 10" series is a series of articles based on top 10 holdings of a fund by weight.

Holdings percentages are based on net assets as of December 31, 2018, selected based on portfolio weight. The opinions expressed herein are those of the fund’s investment team as of December 31, 2018, and subject to change. Reliance upon the views expressed herein is at the sole discretion of the reader. Holdings can change at any time and should not be considered investment advice. Historical holdings are provided for informational purposes to help explain Eventide's values-based investment process.  Eventide uses its trademark (“Investing that makes the world rejoice®”) in a figurative manner to help explain its focus on serving investors by helping to improve the world.

Mutual funds involve risk including the possible loss of principal. Past performance does not guarantee future results. The fund can invest in smaller-sized companies which may experience higher failure rates than larger companies and normally have a lower trading volume than larger companies. The fund’s ethical values screening criteria could cause it to under perform similar funds that do not have such screening criteria. The fund can have risk associated with the biotechnology and pharmaceutical industry in which these companies may be heavily dependent on clinical trials with uncertain outcomes and decisions made by the U.S. Food and Drug Administration. Companies in the technology industries have different risks including but not limited to products becoming obsolete, and entrance of competing products. Companies in the Industrials sector carry various risks including, but not limited to, risk related to debt loads and intense competition. The fund can have risk related to option investing. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability and differing auditing and legal standards. The fund can invest in private companies. Private investments include various risks including but not limited to lack of liquidity, capital commitment risk, and valuation risk. Private companies may not be financially profitable and have uncertain futures, subjecting them to additional risks.

An investor should consider a fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the prospectus, which can be obtained at www.eventidefunds.com or by calling 1-877-771-EVEN (3836). Please read the prospectus carefully before investing. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA, which is not affiliated with Eventide Asset Management, LLC.

(4687-NLD-5/14/2019)

Topic(s): Stories

Jason Myhre
Jason Myhre

Jason serves as Director of Marketing at Eventide. He is responsible for leading Eventide’s brand strategy, marketing, and corporate communications.