Palo Alto Networks Stock Surged 57.1% in May

Palo Alto Networks stock rose 57.1% in May, outpacing the S&P 500's 5.2% gain. The company launched the Idira identity security platform on May 12 and closed its acquisition of AI gateway specialist Portkey on May 29. The stock is down roughly 3.4% in June but remains up about 48% year to date.