Palo Alto Stock Price, News & Analysis

Palo Alto Networks has announced significant updates to its Prisma® Cloud Cloud Security Posture Management (CSPM) solution, enhancing security for over 2,000 enterprises. Key features include True Internet Exposure, Visibility-as-Code, Network Data Exfiltration Detection, Anomalous Compute Provisioning Detection, and Customizable Object-Level Scanning for AWS S3. These enhancements aim to reduce alert fatigue and improve the security of dynamic cloud environments. The updates support rapid cloud adoption by ensuring enhanced visibility and security measures.

Palo Alto Networks (NYSE: PANW) has launched Yor, an open-source tool designed to automate tagging of cloud resources within infrastructure as code (IaC) frameworks like Terraform and AWS CloudFormation. Yor enhances visibility, security, and cost allocation by standardizing tagging processes, which are essential for managing cloud assets effectively. The tool also allows organizations to retroactively assign tags based on IaC and git history, enabling improved collaboration during security incidents. Built by Bridgecrew, acquired by the company in March 2021, Yor addresses cloud security challenges, particularly concerning misconfigurations.

Palo Alto Networks (PANW) reported a fiscal Q3 2021 revenue of $1.1 billion, a 24% increase year-over-year. Despite a GAAP net loss of $145.1 million ($1.50 per diluted share), the company saw a non-GAAP net income of $139.5 million ($1.38 per diluted share), up from $114.6 million a year prior. Billings growth accelerated to 27%. For fiscal Q4 2021, guidance expects total billings between $1.695 billion and $1.715 billion and revenue of $1.165 billion to $1.175 billion. The full year guidance has also been raised, projecting total revenue of $4.20 billion to $4.21 billion.

Palo Alto Networks (PANW) announced five key innovations enhancing Zero Trust Network Security adoption. The advancements include the industry's first Cloud Identity Engine, SaaS Security, Advanced URL Filtering, and new machine learning-powered firewalls. These innovations aim to ensure secure access to applications for authorized users, enhance security measures against zero-day web attacks, and provide universal access across different firewall platforms. Most features will be available in June 2021, demonstrating the company's commitment to cybersecurity as organizations adapt to hybrid work environments.

Palo Alto Networks (NYSE: PANW) appointed Aparna Bawa to its board of directors, enhancing its leadership team with a proven expert in technology. As the current COO and interim CLO of Zoom, Bawa's background includes roles at Magento and Nimble Storage, as well as experience in investment banking. Her diverse expertise is expected to support Palo Alto's mission of being a leading integrated cybersecurity company. Chairman and CEO Nikesh Arora emphasized her unique perspectives' potential to drive innovation and growth.

Palo Alto Networks (NYSE: PANW) will participate in two upcoming financial community events. The first is the JP Morgan 49th Annual Global Technology, Media and Telecommunications Conference on May 24, 2021, at 8:00 a.m. PST. The second is the BofA Securities 2021 Global Technology Conference, scheduled for June 8, 2021, at 8:30 a.m. PST. Investors can access live audio webcasts of the presentations on the company's investors page. Palo Alto Networks is committed to cybersecurity, focusing on innovative technologies to protect digital environments.

Palo Alto Networks (NYSE: PANW) has been recognized as a Leader in The Forrester Wave™: Endpoint Security Software as a Service, Q2 2021 report. The report highlights Palo Alto as the most comprehensive vendor, providing robust solutions across endpoint, IoT, network, and cloud apps. The company continues to invest in its XDR solution, reinforcing its commitment to modern endpoint security. With this acknowledgment, Palo Alto Networks aims to enhance its offerings and maintain strong protection for its customers.

Palo Alto Networks (NYSE: PANW) will announce its fiscal Q3 2021 financial results, ending April 30, 2021, after market close on May 20, 2021. A video webcast is scheduled for 2 p.m. Pacific time on the same day to discuss these results. Interested parties can access the live webcast from the 'Investors' section of the company's website. A replay will be available shortly after the event and archived for one year. A press release will be published before the webcast begins.

Palo Alto Networks (NYSE: PANW) announced innovations to Prisma Cloud to enhance security for unprotected workloads. New features include auto-detection for virtual machines across major cloud platforms, the industry's first comprehensive cloud native attack dashboard utilizing the MITRE ATT&CK framework, and advanced anti-malware capabilities. Compliance checks are simplified for hosts and containers, and open-source license analysis is expanded. These capabilities are available in Prisma Cloud Compute Edition today, with broader release by late May.