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. reports developments across its cybersecurity platform business, including network security, cloud security, security operations, AI security and identity protection. Company news commonly covers product launches and platform updates involving Prisma AIRS, Prisma Browser, Prisma SASE, Cortex XDR and Unit 42 threat intelligence.
Recurring updates also include quarterly financial results, acquisition completions, capital actions and governance-related announcements. Recent company developments have centered on agentic AI security, agentic endpoint protection, certificate lifecycle automation, post-quantum readiness and the integration of acquired technologies into Palo Alto Networks' security platforms.
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.
Palo Alto Networks (PANW) and IBM have announced a strategic partnership to deliver AI-powered security solutions. Palo Alto Networks will acquire IBM's QRadar SaaS assets, integrating them into its Cortex XSIAM platform. IBM will provide security consulting services across Palo Alto's platforms and train over 1,000 consultants on these products. The partnership includes a joint Security Operations Center and Cyber Range to enhance client understanding of Palo Alto's security solutions. IBM will utilize Palo Alto’s AI-powered security platforms internally for its extensive workforce. This collaboration aims to address complex cybersecurity challenges through AI-driven innovations, accelerating growth and adoption of advanced security operations.
Palo Alto Networks and Accenture have joined forces to offer new solutions combining Precision AI™ technology and secure generative AI services to help organizations accelerate AI adoption securely. The partnership aims to address the challenges and opportunities presented by the rapid growth of GenAI, ensuring organizations can scale AI effectively while mitigating risks. The collaboration focuses on creating a secure AI ecosystem, offering diagnostic services, threat detection, and promoting responsible AI practices.
Palo Alto Networks unveiled Cortex XSIAM, the AI-driven security operations platform that offers enhanced flexibility and customization for organizations. By integrating custom machine learning models, leveraging cloud detection and response capabilities, and simplifying security operations with an integrated platform, Cortex XSIAM empowers organizations to transform their security outcomes and drive innovation in AI capabilities.