Palo Alto Stock Price, News & Analysis

Palo Alto Networks has launched the industry's only Next-Generation CASB (Cloud Access Security Broker) to enhance SaaS security for hybrid work environments. The solution addresses the security gaps of legacy tools by automatically securing new applications and employing advanced technologies like machine learning to protect sensitive data in real time. This CASB is fully integrated into Palo Alto's Prisma SASE solution and Next-Generation Firewalls, providing comprehensive visibility and protection against known and unknown threats. The new CASB is available now for Next-Generation Firewalls, with Prisma Access availability set for January 2022.

Palo Alto Networks (NASDAQ: PANW) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Network Firewalls for the tenth consecutive time. The company achieved the highest scores for both Completeness of Vision and Ability to Execute among 19 evaluated vendors. This recognition reflects Palo Alto's commitment to innovation, demonstrating their leadership in network security since launching the first Next-Generation Firewall in 2007. Recent product launches, including the PA-400 Series and PA-5450 firewalls, showcase industry-first innovations aimed at enhancing customer security.

Palo Alto Networks (NASDAQ: PANW) has expanded its partnership with Siemens to enhance cybersecurity for mission-critical networks. The collaboration integrates Palo Alto's VM-Series Virtual Next-Generation Firewalls with Siemens' Ruggedcom Multi-Service Platforms, aiming to secure complex infrastructure against cyberattacks. This integration is crucial for protecting distributed systems like smart utilities and intelligent transportation. Both companies emphasize the need for robust security measures, ensuring performance and scalability for critical applications.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) reported its Q2 FY22 financial results, highlighting a total revenue of $211.9 million, up from $205.3 million year-over-year. Product revenue increased to $101.6 million, while service revenue declined slightly to $110.3 million. Net income was $7.9 million ($0.11 per diluted share), reversing a loss from the prior year. The company announced an outlook of $835 million to $865 million in revenue for the fiscal year. New product offerings, including Omnis Cyber Intelligence, are also positioned to enhance growth.

Palo Alto Networks (PANW) will release its fiscal Q1 2022 financial results on November 18, 2021, after market close. A video webcast discussing these results is scheduled for 1:30 p.m. Pacific time that same day. Additionally, the company will hold the Ignite '21 Investor Hour on November 16, 2021, at 1:30 p.m. Pacific time, showcasing product innovations and allowing for a Q&A session. Live webcasts for both events will be available on the Palo Alto Networks investors' website and archived for a year.

Palo Alto Networks (PANW) released a survey indicating that 78% of IT decision-makers observed an increase in non-business IoT devices on corporate networks over the past year. A staggering 96% believe their IoT security practices need enhancement, with 25% calling for a complete overhaul. Key security needs include threat protection (59%), risk assessment (55%), and visibility into IoT devices (52%). With the hybrid work model, safety measures such as network segmentation and Zero Trust principles are crucial. The company supports IoT security improvements through advanced technology solutions.

Palo Alto Networks (PANW) will transfer its stock listing from the New York Stock Exchange to The Nasdaq Global Select Market, effective October 25, 2021. This move aims to align the company with leading technology peers and enhance shareholder value. Palo Alto Networks anticipates inclusion in the NASDAQ-100 index after its December rebalancing. The company emphasizes its role in cybersecurity, focusing on advancing digital transformations while addressing significant security challenges globally.

Palo Alto Networks (PANW) has partnered with Ingram Micro to distribute the Okyo Garde cybersecurity solution to small businesses across the U.S. Okyo Garde combines hardware, software, and security services in a subscription using a Wi-Fi 6 system, aimed at protecting small businesses, which collectively face a high risk of cyberattacks. Starting October 2021, Ingram Micro will leverage its network to deliver this critical cybersecurity technology, providing affordable and advanced solutions tailored for small businesses.