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 (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.
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 threats in the industry's digital transformation.
Key points:
- SLB will adopt Palo Alto Networks' AI-powered cybersecurity platforms, including Prisma SASE, Prisma Cloud, and Cortex XSIAM
- The collaboration aims to enhance security across SLB's network, cloud, and edge platforms
- Both companies will develop solutions for edge products and services, important for automated and autonomous operations
- The partnership supports SLB's role as a digital partner for its customers in the energy sector
Palo Alto Networks (NASDAQ: PANW), a leading global cybersecurity company, has announced that it will release its fiscal fourth quarter and fiscal year 2024 financial results on Monday, August 19, 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.
Investors can access the live video webcast from the "Investors" section of the Palo Alto Networks website. A replay will be available three hours after the webcast and archived for one year. The financial results press release will be accessible from the company's website prior to the webcast.
Palo Alto Networks (NASDAQ: PANW) has been recognized as a Leader in The Forrester Wave™: Operational Technology (OT) Security Solutions, Q2 2024. Achieving the highest scores in strategy and current offerings, the company excels in integrating IT and OT security. The Forrester report highlights Palo Alto Networks' Zero Trust OT Security Solution, emphasizing deep visibility, threat protection, and advanced security features such as policy recommendations based on traffic patterns. This marks the third time in June 2024 that Palo Alto Networks has been named a Leader in Forrester reports, also being recognized for Extended Detection and Response and Incident Response.
Palo Alto Networks' Unit 42 has been recognized as a Leader in The Forrester Wave: Cybersecurity Incident Response Services, Q2 2024. Unit 42 received the highest possible scores in nine criteria, including Innovation, Technology, Threat Intelligence, Cloud Environments, and IR Leadership and Team Structure. The team has nearly doubled its IR Retainer customers in the past year, reflecting its effectiveness in handling complex cybersecurity incidents. Palo Alto Networks leverages Unit 42's threat intelligence from thousands of engagements to continuously improve its security platforms. This recognition highlights the strength of Unit 42's global team, threat intelligence capabilities, and innovative IR offerings.
Palo Alto Networks (NASDAQ: PANW), a leader in global cybersecurity, announced that its management team will present at the Bank of America 2024 Global Technology Conference.
The event is scheduled for June 4, 2024, at 7:50 a.m. PDT. Interested parties can access more details and live audio webcasts of the presentation from the 'Investors' section of the Palo Alto Networks website.
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