Palo Alto Stock Price, News & Analysis

Palo Alto Networks (NASDAQ: PANW) will announce its fiscal fourth quarter and full year 2022 financial results on August 22, 2022, after U.S. market close. The results pertain to the period ending July 31, 2022. A video webcast is scheduled for 1:30 p.m. Pacific time (4:30 p.m. Eastern time) on the same day to discuss these results. Investors can access the live webcast from the Investors section of their website, with a replay available three hours post-event and archived for one year.

Palo Alto Networks (NASDAQ: PANW) released the 2022 Unit 42 Incident Response Report, highlighting significant cybersecurity trends based on over 600 incident investigations. Key findings indicate that ransomware, with average demands reaching $8 million in finance and $5.2 million in real estate, constitutes 70% of incidents. Also, phishing and known vulnerabilities are primary attack vectors, emphasizing the need for enhanced security measures.

Palo Alto Networks (NASDAQ: PANW) and HCL Technologies have expanded their partnership to deliver enhanced cybersecurity solutions, focusing on digital and cloud transformations. This collaboration aims to provide organizations with comprehensive security services, including HCL Cyber Defense Service for Cloud, Incident Response Service, and Managed Extended Detection and Response, all utilizing Palo Alto's advanced technology. The enhancements are designed to help customers mitigate evolving cyber threats effectively and support their transition to a Zero Trust Enterprise model.

Palo Alto Networks (PANW) announced enhancements to its Prisma Cloud platform, introducing Out-of-Band Web Application and API Security (WAAS) to improve security for cloud applications. This addition allows organizations to secure applications without impacting performance, addressing concerns with inline web application firewalls. The update includes new features like DNS-Based Threat Detection and Multicloud Graph View for better visibility and risk management across AWS, Azure, and Google Cloud. The enhancements aim to simplify cloud security as organizations increasingly rely on cloud environments.

SecurityWeek will host the 2022 Cloud Security Summit virtually on June 15, 2022, focusing on securing cloud environments. Sponsored by Palo Alto Networks (PANW) and Okta (OKTA), the summit aims to equip organizations with the necessary tools and strategies to enhance cloud security. Attendees can engage with industry leaders, including Aanchal Gupta from Microsoft, who will share insights on security best practices. The event will cover topics like identity security and cloud-native security.

Palo Alto Networks launched its new campaign, "Zero Trust with Zero Exceptions," featuring actress Gillian Anderson to raise awareness of cybersecurity threats. The campaign emphasizes the urgency of implementing advanced zero trust security solutions in a rapidly changing digital landscape. CEO Nikesh Arora highlighted the need for improved security architectures to combat an expanding cyber attack surface as businesses operate from various locations and utilize cloud services. The campaign coincides with the RSA Conference and will run across digital platforms for the upcoming year.

Palo Alto Networks (PANW) announced that Oracle has selected its VM-Series Next-Generation Firewall to power the new OCI Network Firewall. This cloud-native service enhances security for Oracle Cloud Infrastructure (OCI) customers, enabling robust protection against cyber threats. Key features include centralized threat prevention and mitigation, custom URL filtering, and TLS inspection. With this collaboration, Palo Alto Networks aims to support enterprises in securing their cloud applications effectively. The OCI Network Firewall is designed to simplify security management for customers, aligning with Oracle's focus on integrated solutions.