There’s been a lot of talk about 2019 being the year when the internet bubble bursts (again). Supra normal pay is generally a leading indicator. I’ll leave the reader to draw your own conclusions (and modify investment strategy accordingly)…:
[…] Glassdoor‘s list of the 25 highest-paying companies in the US for 2019 was topped by Palo Alto Networks, which has its headquarters in Santa Clara, California. The cybersecurity firm, which employs over 5,000 people around the world, rewards workers for their efforts with a median total salary of $170,929. This figure dwarfs the Bay Area’s average median base pay, which is $73,128.
After reporting a 29% year-over-year increase in revenue for the 2018 fiscal year, in which they made $2.3bn, Palo Alto Networks certainly has the cash to splash. Such bountiful paychecks are likely to have been a contributing factor when Palo Alto Networks was ranked number one as “best place to work” in the Bay Area by SF Business Times in 2016.