Welcome to our dedicated page for Palo Alto Networks news (Ticker: PANW), a resource for investors and traders seeking the latest updates and insights on Palo Alto Networks stock.
Palo Alto Networks, Inc. (NASDAQ: PANW) is a global leader in cybersecurity, headquartered in Santa Clara, California. The company offers a comprehensive platform that includes advanced firewalls and a range of cloud-based security solutions. With over 85,000 customers worldwide, including more than three-fourths of the Global 2000, Palo Alto Networks provides robust security measures across network security, cloud security, and security operations.
Palo Alto Networks' core products include the Next-Generation Firewall (NGFW), the Prisma suite for cloud security, and the Cortex platform for AI-driven security operations. These solutions are designed to help organizations secure their digital transformation and fend off complex cyber threats. The company's NGFW provides significant protection against malware and intrusions, while Prisma Cloud ensures comprehensive cloud-native security throughout the application lifecycle.
Recent achievements highlight Palo Alto Networks' ongoing innovation and leadership in the sector. The company recently expanded its strategic partnership with IBM to enhance security operations and cloud security solutions. This collaboration aims to modernize security operations centers and secure hybrid cloud environments. In another significant move, Palo Alto Networks acquired Talon Cyber Security, integrating its enterprise browser technology to bolster secure web access across devices.
Financially, Palo Alto Networks continues to demonstrate strong performance. In the fiscal second quarter of 2024, the company reported a 19% year-over-year revenue increase, reaching $2.0 billion. GAAP net income for the quarter was $1.7 billion, driven by substantial tax benefits. The company provides forward-looking guidance, expecting continued growth and profitability in upcoming quarters.
Strategic partnerships also play a crucial role in Palo Alto Networks’ growth. The company recently expanded its alliance with Google Cloud, emphasizing the importance of AI-powered platformization in cybersecurity. This expanded partnership will leverage Google Cloud's infrastructure to enhance Palo Alto Networks' AI capabilities, aiming for real-time security resolution and platform consolidation. This initiative underlines their commitment to integrating advanced AI in their security solutions.
Furthermore, Palo Alto Networks' commitment to workplace excellence is evident. The company has been recognized among Newsweek's Most Loved Workplaces and received a perfect score on the Disability Equality Index, emphasizing its dedication to a diverse and inclusive work environment.
Overall, Palo Alto Networks is at the forefront of the cybersecurity industry, continually innovating to provide next-gen cybersecurity solutions. Their strategic initiatives and partnerships ensure they remain a preferred choice for organizations looking to secure their digital assets comprehensively.
Palo Alto Networks (PANW) has released its cybersecurity and AI predictions for 2025, highlighting seven key trends. The company forecasts a shift towards unified data security platforms, emphasizing that large organizations with extensive data resources will have an advantage in AI implementation. Key predictions include: the evolution of SOCs with AI-driven autonomous operations, widespread adoption of secure enterprise browsers, increased focus on AI's energy impact, preparation for quantum security challenges, and stronger collaboration between CIOs and CMOs.
The company notes that over 40% of business leaders lack understanding of cyber risks associated with generative AI, according to PwC's 2024 survey, emphasizing the need for organizations to strengthen their cybersecurity strategies.
Palo Alto Networks (NASDAQ: PANW) announced it will release its fiscal first quarter 2025 financial results on Wednesday, November 20, 2024, 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 their website, with a replay accessible three hours after the event and archived for one year.
Palo Alto Networks (NASDAQ: PANW) has introduced new capabilities in its OT Security solution to address growing cybersecurity threats to industrial operations. These include:
1. The industry's first fully integrated, risk-based guided virtual patching solution, powered by Precision AI™
2. Prisma® Access Browser with Privileged Remote Access
3. A suite of ruggedized, ML-powered Next-Generation Firewalls (NGFWs) for harsh industrial settings
These innovations aim to enhance remote operations security, mitigate risks for critical OT assets, and extend protection into challenging industrial environments. The new features respond to the increasing frequency and sophistication of OT attacks, with 70% of industrial organizations experiencing a cyberattack on their OT environment in the last year, according to the 2024 State of OT Security report.
Palo Alto Networks (NASDAQ: PANW) and Deloitte have expanded their strategic alliance globally, extending their AI-powered cybersecurity solutions to EMEA and JAPAC regions. This expansion aims to accelerate the adoption of leading cybersecurity capabilities and help clients benefit from platformization. The alliance addresses the challenge of managing multiple cybersecurity products by offering integrated platforms that enhance security posture and drive operational efficiencies.
The collaboration will offer Palo Alto Networks' security solutions across network, cloud, and security operations platforms, focusing on three key areas:
- Cyber Detection & Response: Utilizing the AI-powered Cortex XSIAM® platform
- Cloud Security: Enhancing security for cloud-native applications and infrastructure
- Zero Trust Adoption: Strategizing and implementing Zero Trust frameworks
This global expansion builds on the existing partnership, aiming to provide clients with integrated AI-powered cybersecurity solutions and insights to improve their security posture and address complex challenges.
Red Canary, a leading MDR provider, has expanded its partnership with Palo Alto Networks to offer Managed XSIAM, a new fully managed SOC service powered by Palo Alto Networks Cortex® XSIAM®. This service is designed to help midsize businesses achieve autonomous, AI-powered security operations while reducing staffing and operational requirements.
The new offering combines Red Canary's expertise in security operations with Palo Alto Networks' AI-driven platform to provide 24/7 advanced threat detection, expert response, and over 4000 behavioral analytics. Set to launch in the second half of 2024, Managed XSIAM aims to address the challenges faced by organizations struggling with complex security tech stacks and resources.
This partnership strengthens the existing collaboration between Red Canary and Palo Alto Networks, building on integrations with Cortex XDR, PAN-OS®, Advanced Threat Prevention, and WildFire®.
Palo Alto Networks (NASDAQ: PANW) has been named a leader in The Forrester Wave™: Attack Surface Management Solutions, Q3 2024. The company's Cortex Xpanse® received the top score in the strategy category and the highest possible scores in vision, innovation, and roadmap criteria. This recognition affirms Palo Alto Networks' AI-powered Cortex® platform as a leader in security operations center (SOC) transformation.
Cortex Xpanse enables organizations to find and automatically fix exposures across their entire attack surface by scanning over 500 billion internet-facing assets daily, helping teams discover 30-40% more assets than previously known. As part of the Cortex SOC platform, it integrates with industry-leading XDR, SOAR, and SIEM capabilities to simplify security operations.
Palo Alto Networks has also been recognized as a leader in other Forrester Wave™ evaluations, including Extended Detection and Response (XDR) Platforms and Cybersecurity Incident Response Services in Q2 2024.
Palo Alto Networks (NASDAQ: PANW) has completed the acquisition of IBM's QRadar SaaS assets, strengthening their partnership to provide enhanced cybersecurity solutions. The deal aims to streamline security operations and prevent threats at scale using Palo Alto Networks' Precision AI-powered Cortex XSIAM platform. Key highlights:
1. IBM will be a preferred managed security services provider.
2. Eligible customers can migrate from QRadar to Cortex XSIAM with no-cost services.
3. IBM is deploying Cortex XSIAM and Prisma SASE 3.0 for its own security operations.
4. Palo Alto Networks will utilize IBM's watsonx AI and data platform.
5. The partnership focuses on advanced threat protection, response, and security operations.
Palo Alto Networks (NASDAQ: PANW), a global leader in cybersecurity, has announced its participation in two upcoming investor events. The company's management team will be presenting at:
- The Citi 2024 Global TMT Conference on Wednesday, September 4, 2024, at 9:10 a.m. EDT
- The Goldman Sachs Communacopia & Technology event on Monday, September 9, 2024, at 10:10 a.m. PDT
Investors can access additional information about these events and live audio webcasts of the presentations through the 'Investors' section of the Palo Alto Networks website at investors.paloaltonetworks.com.
Palo Alto Networks (NASDAQ: PANW) reported strong financial results for Q4 and fiscal year 2024. Q4 revenue grew 12% year-over-year to $2.2 billion, while fiscal year 2024 revenue increased 16% to $8.0 billion. The company's Next-Generation Security ARR saw impressive growth of 43% year-over-year, reaching $4.2 billion. GAAP net income for Q4 2024 was $357.7 million, or $1.01 per diluted share, up from $227.7 million in Q4 2023. Non-GAAP net income for Q4 2024 reached $522.2 million, or $1.51 per diluted share. The company provided a positive outlook for fiscal year 2025, expecting total revenue between $9.10 billion and $9.15 billion, representing 13-14% year-over-year growth.
SLB (NYSE: SLB) and Palo Alto Networks (NASDAQ: PANW) are expanding their collaboration to strengthen cybersecurity for the energy sector. This partnership combines SLB's cloud and edge technologies with Palo Alto Networks' cybersecurity solutions to address evolving cyber threats in the industry's digital transformation.
Key aspects of the collaboration include:
- SLB integrating Palo Alto Networks' AI-powered cybersecurity platforms into its technology stack
- Enhancing security across SLB's network, cloud, and edge platforms
- Developing solutions for edge products and services
- Enabling secure collaboration for thousands of users on SLB's Delfi digital platform
This partnership aims to strengthen SLB's security infrastructure and drive future enhanced solutions for the energy sector's growing cybersecurity needs.
FAQ
What is the current stock price of Palo Alto Networks (PANW)?
What is the market cap of Palo Alto Networks (PANW)?
What does Palo Alto Networks do?
How many customers does Palo Alto Networks have?
What are the core products of Palo Alto Networks?
What recent acquisitions has Palo Alto Networks made?
Who are Palo Alto Networks' strategic partners?
What is Prisma Cloud?
How did Palo Alto Networks perform financially in the latest quarter?
What is Cortex XSIAM?
Is Palo Alto Networks recognized as a great workplace?
What is the focus of Palo Alto Networks' partnership with Google Cloud?
