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 (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.
Palo Alto Networks (NASDAQ: PANW) reported a significant growth in its fiscal third quarter 2024 financial results, with a 15% year-over-year revenue increase to $2.0 billion. GAAP net income soared to $278.8 million, or $0.79 per diluted share, up from $107.8 million, or $0.31 per diluted share in the same period last year. Non-GAAP net income rose to $454.9 million, or $1.32 per diluted share, compared to $359.4 million, or $1.10 per diluted share, in the prior year.
The company's remaining performance obligation grew by 23% to $11.3 billion, and non-GAAP operating margin improved by 200 basis points to 26%. The guidance for the fiscal fourth quarter 2024 anticipates total billings of $3.43-$3.48 billion and revenue of $2.15-$2.17 billion. For the full fiscal year 2024, total billings are expected to reach $10.13-$10.18 billion with revenue of $7.99-$8.01 billion.
CEO Nikesh Arora emphasized the positive response to the company's platformization strategy, while CFO Dipak Golechha highlighted disciplined execution and consistent, profitable growth.
