Palo Alto - PANW STOCK NEWS

Palo Alto Networks (NASDAQ: PANW) reported strong fiscal Q2 2025 results with revenue growing 14% year-over-year to $2.3 billion. The company's Next-Generation Security ARR increased 37% to $4.8 billion, while remaining performance obligation grew 21% to $13.0 billion.

GAAP net income was $0.3 billion ($0.38 per diluted share), compared to $1.7 billion ($2.44 per diluted share) in Q2 2024. Non-GAAP net income reached $0.6 billion ($0.81 per diluted share), up from $0.5 billion ($0.73 per diluted share) last year.

For fiscal year 2025, PANW expects total revenue between $9.14-9.19 billion, representing 14% growth, with non-GAAP operating margin of 28.0-28.5%. The company also projects Next-Generation Security ARR of $5.52-5.57 billion, representing 31-32% growth.

Palo Alto Networks (NASDAQ: PANW) has expanded its board of directors from nine to eleven members with the appointment of two new independent directors: Helle Thorning-Schmidt, former prime minister of Denmark, and Ralph Hamers, former CEO of UBS Group AG and ING Group.

Thorning-Schmidt, Denmark's first female prime minister (2011-2015), will join the Governance and Sustainability Committee and Security Committee. She currently serves on boards of Edelman, Vestas Wind Systems, and Neurons Inc, among other roles.

Hamers, appointed to the Audit Committee and Security Committee, brings expertise from leading UBS Group's One UBS strategy and ING Group's digital transformation. He currently serves as secretary general of the Institut International d'Études Bancaires and advises Arta Finance and GRAB Holding.

Palo Alto Networks (NASDAQ: PANW) has announced Cortex Cloud, the next evolution of Prisma Cloud, merging cloud detection and response (CDR) with cloud native application protection platform (CNAPP) capabilities on the unified Cortex platform. This advancement comes as Unit 42 reports reveal 80% of security exposures in cloud attack surfaces and a 66% increase in cloud-targeting threats.

The new solution features AI-powered prioritization, automated remediation, and a simplified user experience. Key features include enhanced application security across development pipelines, improved multi-cloud risk management, and real-time attack prevention through integration with the Cortex XDR agent. Notably, CNAPP capabilities are included at no additional cost for Cortex Cloud Runtime Security customers.

Cortex Cloud will be available to customers in Q3 FY25, with support from integration partners CyberCX, Deloitte, IBM, and Orange Cyberdefense.

Palo Alto Networks (NASDAQ: PANW) has announced it will release its fiscal second quarter 2025 financial results on Thursday, February 13, 2025, after U.S. markets close. The company will host a video webcast at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results.

The webcast will be available through the 'Investors' section of the company's website. A replay will be accessible three hours after the event and archived for one year. The financial results press release will be available on the website before the webcast begins.

IBM and Palo Alto Networks released a global study revealing significant challenges in cybersecurity complexity. Organizations are managing an average of 83 security solutions from 29 vendors, with security fragmentation costing companies approximately 5% of annual revenue. 75% of organizations pursuing consolidated security agree better integration across security platforms is crucial.

The research shows that companies with high security platformization report better business outcomes, with 7 out of 10 seeing improved operational efficiencies and revenue generation. Organizations using platformization experience nearly 4 times better ROI and reduce incident response times by an average of 72-84 days. With 90% of executives planning to scale AI within two years, platform approaches are becoming important for security preparedness.

Palo Alto Networks (NASDAQ: PANW) has announced the release of a Quantum Random Number Generator (QRNG) Open API framework to help organizations prepare for future quantum security threats. The framework, developed in collaboration with six QRNG industry innovators, aims to ensure multi-vendor interoperability and enable quantum-resilient systems.

The QRNG Open API framework will be available through Palo Alto Networks' GitHub portal and will be supported by their Next Generation Firewalls (NGFWs) later this year. The initiative's key objectives include simplifying QRNG integration, maximizing interoperability in multi-vendor networks, accelerating QRNG adoption, and providing a common mechanism for obtaining high-quality entropy from external QRNG platforms.

The framework was developed in partnership with Anametric, ID Quantique, Qrypt, Quantinuum, Quantropi, and Quside, addressing the growing need for quantum-safe security measures as AI, ML, and quantum computing converge.

Palo Alto Networks (NASDAQ: PANW) has announced a partnership with IBM and the UK Home Office's Emergency Services Mobile Communications Programme (ESMCP) to develop security solutions for the Emergency Services Network (ESN). The multi-year project will provide a modern, secured voice and data platform for police, fire, and ambulance services across Great Britain.

PANW will implement Precision AI-powered comprehensive platform protection across network, cloud, and security operations center environments, supported by 24/7 cyber incident response services and Unit 42 Incident Response Services. The platform will deliver optimal security outcomes and advanced protection against cyber threats, featuring a unique Zero Trust mobile network security approach and streamlined security operations.

Palo Alto Networks (NASDAQ: PANW) has achieved Federal Risk and Authorization Management Program (FedRAMP) High Authorization across its network, cloud, and security operations platforms. This makes PANW the provider with the most comprehensive suite of AI-powered cybersecurity solutions authorized for federal networks at the High impact level.

The authorization covers over 20 solutions including Prisma Access, Prisma Cloud, and Cortex platforms. The company's platformization approach integrates diverse security solutions into unified platforms, leveraging automation and AI for enhanced threat detection and mitigation. This authorization validates PANW's ability to protect the government's most sensitive, unclassified data in cloud computing environments.

Palo Alto Networks (NASDAQ: PANW) has announced its upcoming participation in the UBS Technology Conference. The company's management team will present on Tuesday, December 3, 2024, at 8:35 a.m. PT. Interested parties can access a live audio webcast of the presentation through the 'Investors' section of the company's website at investors.paloaltonetworks.com. Additional details about upcoming investor events will also be available on the same platform.