Palo Alto Stock Price, News & Analysis

Palo Alto Networks (NYSE: PANW) has launched Prisma Access 2.0, a cloud-delivered security platform designed to secure remote workforces. Key innovations include a self-healing infrastructure, ML-powered security against zero-day attacks, and a new cloud management experience that enhances security updates. Prisma Access 2.0 promises to deliver up to 10 times more throughput than competitors, with 4.3 million security updates daily. The platform aims to meet the security challenges posed by widespread remote work and will be available to customers in March 2021.

Palo Alto Networks (NYSE: PANW) will announce its fiscal Q2 2021 financial results on February 22, 2021. The results will cover the period ending January 31, 2021. A video webcast discussing these results will take place at 1:30 PM PT (4:30 PM ET) on the same day. Investors can access the webcast via the company's website, with a replay available three hours post-event for one year. This upcoming announcement is crucial for stakeholders focused on the company's performance and guidance.

Palo Alto Networks (NYSE: PANW) has launched a comprehensive IoT security solution for healthcare, enhancing protection for Internet of Medical Things (IoMT) devices. This solution utilizes machine learning for effective device profiling, vulnerability analysis, and policy recommendations, thereby improving patient safety and data security. Key features include MDS2 Document Ingestion for enhanced vulnerability insights, operational analytics for resource optimization, and expanded IoMT discovery capabilities. With 83% of medical imaging devices on unsupported operating systems, this solution is crucial in mitigating cybersecurity risks.

Palo Alto Networks (PANW) announced the addition of Prisma Cloud, Cortex XDR, and Cortex Data Lake to its Government Cloud Services, now holding FedRAMP Moderate Authorization from the Federal Housing Finance Agency. This enhances cybersecurity offerings for U.S. government agencies, ensuring secure networks and compliance with federal standards. The update underscores Palo Alto's commitment to safeguarding data against evolving threats, a priority highlighted by recent cybersecurity incidents like the SolarStorm attack.

Palo Alto Networks (NYSE: PANW) has announced significant upgrades to its Prisma Cloud, enhancing its capabilities as a comprehensive Cloud Native Security Platform. The enhancements include the introduction of advanced features such as Bot Risk Management, Advanced DoS Protection, and custom compliance policies for Host Security. With these upgrades, Prisma Cloud now offers the most accurate Web Application Firewall (WAF) capabilities in the industry, ensuring robust security for cloud applications. These features are available in Prisma Cloud Compute Edition immediately and will be accessible in the Enterprise Edition by early February.

Palo Alto Networks (NYSE: PANW) has launched a rapid response program to assist SolarWinds Orion customers facing cyberattack risks linked to the SolarStorm incident. The program includes a complimentary compromise assessment and tailored incident response services to help organizations recover from attacks. The company's Cortex XDR platform successfully blocked an attempted SolarStorm attack, demonstrating its effectiveness. The initiative aims to protect enterprises and governments from future threats and emphasizes collaboration in the cybersecurity community.

Palo Alto Networks (NYSE: PANW) has completed the acquisition of Expanse Inc. for approximately $670 million in cash and stock, plus $130 million in equity awards. Expanse enhances Palo Alto's capabilities in attack surface management by providing continuous scanning of exposed assets, crucial for security in light of recent vulnerabilities like SolarWinds. This integration into the existing Cortex product suite aims to deliver a comprehensive solution for security threats, reinforcing Palo Alto's position in the cybersecurity market.

Palo Alto Networks has launched the industry's first 5G-native security offering, enabling secure and reliable networks for service providers and enterprises. This groundbreaking solution addresses security requirements for 5G by providing features such as containerized security, real-time threat visibility, and enhanced network slice security. The offering supports multi-cloud environments to facilitate enterprise business transformation. Partnerships with companies like DISH Network and StarHub highlight its market adoption, aiming to create new revenue streams while ensuring robust security.