Palo Alto Stock Price, News & Analysis

Palo Alto Networks (PANW) released a survey indicating that 78% of IT decision-makers observed an increase in non-business IoT devices on corporate networks over the past year. A staggering 96% believe their IoT security practices need enhancement, with 25% calling for a complete overhaul. Key security needs include threat protection (59%), risk assessment (55%), and visibility into IoT devices (52%). With the hybrid work model, safety measures such as network segmentation and Zero Trust principles are crucial. The company supports IoT security improvements through advanced technology solutions.

Palo Alto Networks (PANW) will transfer its stock listing from the New York Stock Exchange to The Nasdaq Global Select Market, effective October 25, 2021. This move aims to align the company with leading technology peers and enhance shareholder value. Palo Alto Networks anticipates inclusion in the NASDAQ-100 index after its December rebalancing. The company emphasizes its role in cybersecurity, focusing on advancing digital transformations while addressing significant security challenges globally.

Palo Alto Networks (PANW) has partnered with Ingram Micro to distribute the Okyo Garde cybersecurity solution to small businesses across the U.S. Okyo Garde combines hardware, software, and security services in a subscription using a Wi-Fi 6 system, aimed at protecting small businesses, which collectively face a high risk of cyberattacks. Starting October 2021, Ingram Micro will leverage its network to deliver this critical cybersecurity technology, providing affordable and advanced solutions tailored for small businesses.

Palo Alto Networks (NYSE: PANW) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for WAN Edge Infrastructure. The evaluation assessed 15 vendors on their execution and vision completeness. This acknowledgment highlights the company's dedication to SD-WAN and SASE solutions. Recently, Palo Alto introduced the ION 1200 SD-WAN appliance with integrated 5G capabilities, enhancing connectivity for branch networks. The new appliances will be available worldwide starting October 31, 2021.

NETSCOUT SYSTEMS (NASDAQ: NTCT) and Palo Alto Networks (NYSE: PANW) have announced the integration of their cybersecurity solutions, enhancing security operations for security operations centers (SOCs). With this collaboration, customers can better detect and mitigate security threats in hybrid environments, reducing operating expenses and increasing efficiency. Leveraging Cortex XSOAR alongside NETSCOUT's Arbor technology, the partnership aims to streamline threat operations and improve security posture with fewer false positives.

Palo Alto Networks (NYSE: PANW) unveiled Prisma SASE, an integrated cloud service combining Prisma Access and Prisma SD-WAN, focusing on secure connectivity for remote and hybrid workplaces. With 2,500 SASE customers, the new offering aims to address the reported 61% of organizations struggling with remote security. Key innovations include new bundled SKUs, a 5G-integrated SD-WAN appliance (ION 1200), and enhanced CloudBlades integrations with platforms like ServiceNow and Microsoft Teams. Prisma SASE is set to launch globally on September 30, 2021.

Palo Alto Networks (NYSE: PANW) hosts its 2021 Analyst Day on September 13, 2021, from 9:30 a.m. to 12:30 p.m. Pacific Time. CEO Nikesh Arora and the executive team will discuss the company's growth strategies, financial objectives, and capital allocation. The company reiterates its fiscal Q1 and full-year guidance, updating adjusted free cash flow margin expectations to 32%-33%, up from >30%. Registration for the live webcast is available on their website, with a replay following the event.

Palo Alto Networks (NYSE: PANW) has launched Okyo™ Garde, an enterprise-grade cybersecurity solution tailored for the remote workforce. This premium mesh-enabled Wi-Fi 6 system integrates hardware, software, and security services into a seamless subscription. It addresses vulnerabilities in home networks, allowing corporate integration through Prisma® Access for larger businesses. Subscriptions for small businesses start at $349/year, with pre-orders available now and shipping expected this fall. The initiative reflects a shift in cybersecurity needs as work-from-home becomes the norm.

Palo Alto Networks (NYSE: PANW) has introduced Multi-Cloud Drift Detection in Bridgecrew by Prisma Cloud to enhance cloud security. This feature identifies discrepancies between defined infrastructure as code and current runtime configurations, addressing a key cause of cloud breaches. Initially supporting AWS, Azure, and Google Cloud, it empowers organizations to maintain secure IT infrastructure through effective management. The solution leverages the open-source project Yor, ensuring visibility and control. Drift Detection is now available as part of the Bridgecrew platform, purchasable via Prisma Cloud Credits.