Welcome to our dedicated page for Palo Alto news (Ticker: PANW), a resource for investors and traders seeking the latest updates and insights on Palo Alto stock.
Palo Alto Networks (PANW) is a global leader in AI-powered cybersecurity solutions, providing unified platform protection for networks, clouds, and security operations. This dedicated news hub delivers official updates and analysis for stakeholders tracking the company's strategic developments in enterprise security.
Access curated press releases and verified news covering product innovations, financial results, and strategic partnerships. Our repository includes updates on PANW's advanced security platforms like Cortex XSIAM and Prisma Cloud, along with market-moving developments in threat intelligence and zero trust architecture.
Key content categories include quarterly earnings announcements, technology breakthroughs in AI-driven security operations, executive leadership updates, and cybersecurity industry trends. Investors gain insights into PANW's platformization strategy and its position in the evolving digital defense landscape.
Bookmark this page for streamlined access to Palo Alto Networks' official communications and expert analysis of their cybersecurity leadership. Check regularly for updates on how PANW continues to shape enterprise security through integrated cloud, network, and SOC solutions.
Palo Alto Networks (NYSE: PANW) has completed the acquisition of Expanse Inc. for approximately $670 million in cash and stock, plus $130 million in equity awards. Expanse enhances Palo Alto's capabilities in attack surface management by providing continuous scanning of exposed assets, crucial for security in light of recent vulnerabilities like SolarWinds. This integration into the existing Cortex product suite aims to deliver a comprehensive solution for security threats, reinforcing Palo Alto's position in the cybersecurity market.
Palo Alto Networks has launched the industry's first 5G-native security offering, enabling secure and reliable networks for service providers and enterprises. This groundbreaking solution addresses security requirements for 5G by providing features such as containerized security, real-time threat visibility, and enhanced network slice security. The offering supports multi-cloud environments to facilitate enterprise business transformation. Partnerships with companies like DISH Network and StarHub highlight its market adoption, aiming to create new revenue streams while ensuring robust security.
Palo Alto Networks (PANW) reported a strong fiscal Q1 2021, with total revenue rising 23% to $946 million from $772 million year-over-year. Despite a GAAP net loss of $92 million ($0.97 per share), non-GAAP net income reached $158 million ($1.62 per share), up from $105 million previously. The company raised its fiscal 2021 guidance, anticipating revenues between $4.09 billion and $4.14 billion. Upcoming acquisition of Expanse, Inc. expected to enhance growth metrics.
Palo Alto Networks (PANW) has been recognized as a Leader in the Gartner Magic Quadrant for Network Firewalls for the ninth consecutive time. The company was rated highest for its ability to execute and furthest for completeness of vision among 17 evaluated vendors. This achievement highlights Palo Alto's commitment to innovation, particularly its introduction of ML-Powered Next-Generation Firewall and over 70 new capabilities in PAN-OS 10.0. The recognition reflects the company's ongoing success in cybersecurity.
Palo Alto Networks (NYSE: PANW) announced its participation in two upcoming financial community events. The Wells Fargo Technology, Media, & Telecommunications Summit is scheduled for December 1, 2020, at 1:00 p.m. PDT. Following that, the Barclays Global Technology, Media and Telecommunications Conference will take place on December 10, 2020, at 9:00 a.m. PDT. Live audio webcasts of these presentations will be available on the company's investors section of their website.
Palo Alto Networks (PANW) has announced its acquisition of Expanse Inc. for approximately $670 million in cash and stock, with an additional $130 million in replacement equity awards. The acquisition is aimed at enhancing Palo Alto's Cortex product suite by integrating Expanse's attack surface management capabilities. This integration will provide a comprehensive view of security threats, combining external and internal data. The transaction is expected to close in the fiscal second quarter, pending regulatory approvals.
Palo Alto Networks (NYSE: PANW) has launched a new cloud-based Enterprise Data Loss Prevention (DLP) service aimed at enhancing data protection and compliance. The service is designed for quick deployment across large enterprises without requiring additional infrastructure, making it accessible for various organizations. It addresses crucial data security issues by preventing breaches, ensuring compliance with regulations such as GDPR and HIPAA, and mitigating risky user behavior. The solution leverages advanced machine learning for sensitive data detection and integrates with existing security technologies, emphasizing a simplified policy management.
Palo Alto Networks (NYSE: PANW) will announce its fiscal Q1 2021 financial results on November 16, 2020, before the U.S. market opens. The results will cover the period ended October 31, 2020. A video webcast discussing the results is scheduled for 5:00 a.m. Pacific time on the same day. Investors can access the webcast from the Investors section of the company's website, with a replay available three hours post-event and archived for one year.
Palo Alto Networks (PANW) and PwC have expanded their partnership to offer enhanced managed detection and response (MDR) services, integrating PwC's Managed Cyber Defence with Cortex XDR™. This collaboration aims to improve security for clients by leveraging global threat intelligence and advanced detection capabilities, reducing attack response times from days to minutes. The integration promises to enhance security operations and provide 24/7 coverage, benefiting organizations of all sizes and industries.
Palo Alto Networks (NYSE: PANW) has launched Prisma Cloud 2.0, enhancing its position as the industry's only comprehensive Cloud Native Security Platform (CNSP). This update introduces four new modules: Data Security, Web Application and API Security, Identity-Based Microsegmentation, and IAM Security. These innovations aim to secure multi- and hybrid-cloud environments while improving compliance and risk management. Two modules are now generally available while the others are in limited preview.
