Palo Alto Stock Price, News & Analysis

Palo Alto Networks (PANW) has been recognized as a Leader in the Gartner Magic Quadrant for Network Firewalls for the ninth consecutive time. The company was rated highest for its ability to execute and furthest for completeness of vision among 17 evaluated vendors. This achievement highlights Palo Alto's commitment to innovation, particularly its introduction of ML-Powered Next-Generation Firewall and over 70 new capabilities in PAN-OS 10.0. The recognition reflects the company's ongoing success in cybersecurity.

Palo Alto Networks (NYSE: PANW) announced its participation in two upcoming financial community events. The Wells Fargo Technology, Media, & Telecommunications Summit is scheduled for December 1, 2020, at 1:00 p.m. PDT. Following that, the Barclays Global Technology, Media and Telecommunications Conference will take place on December 10, 2020, at 9:00 a.m. PDT. Live audio webcasts of these presentations will be available on the company's investors section of their website.

Palo Alto Networks (PANW) has announced its acquisition of Expanse Inc. for approximately $670 million in cash and stock, with an additional $130 million in replacement equity awards. The acquisition is aimed at enhancing Palo Alto's Cortex product suite by integrating Expanse's attack surface management capabilities. This integration will provide a comprehensive view of security threats, combining external and internal data. The transaction is expected to close in the fiscal second quarter, pending regulatory approvals.

Palo Alto Networks (NYSE: PANW) has launched a new cloud-based Enterprise Data Loss Prevention (DLP) service aimed at enhancing data protection and compliance. The service is designed for quick deployment across large enterprises without requiring additional infrastructure, making it accessible for various organizations. It addresses crucial data security issues by preventing breaches, ensuring compliance with regulations such as GDPR and HIPAA, and mitigating risky user behavior. The solution leverages advanced machine learning for sensitive data detection and integrates with existing security technologies, emphasizing a simplified policy management.

Palo Alto Networks (NYSE: PANW) will announce its fiscal Q1 2021 financial results on November 16, 2020, before the U.S. market opens. The results will cover the period ended October 31, 2020. A video webcast discussing the results is scheduled for 5:00 a.m. Pacific time on the same day. Investors can access the webcast from the Investors section of the company's website, with a replay available three hours post-event and archived for one year.

Palo Alto Networks (PANW) and PwC have expanded their partnership to offer enhanced managed detection and response (MDR) services, integrating PwC's Managed Cyber Defence with Cortex XDR™. This collaboration aims to improve security for clients by leveraging global threat intelligence and advanced detection capabilities, reducing attack response times from days to minutes. The integration promises to enhance security operations and provide 24/7 coverage, benefiting organizations of all sizes and industries.

Palo Alto Networks (NYSE: PANW) has launched Prisma Cloud 2.0, enhancing its position as the industry's only comprehensive Cloud Native Security Platform (CNSP). This update introduces four new modules: Data Security, Web Application and API Security, Identity-Based Microsegmentation, and IAM Security. These innovations aim to secure multi- and hybrid-cloud environments while improving compliance and risk management. Two modules are now generally available while the others are in limited preview.

Palo Alto Networks (NYSE: PANW) has been recognized as a Leader in the 2020 Gartner Magic Quadrant for WAN Edge Infrastructure. This accolade highlights the company's commitment to innovation, particularly with its next-generation SD-WAN solution, CloudGenix. Among 17 evaluated vendors, Palo Alto's strong execution and vision have set it apart. Anand Oswal, senior vice president, expressed gratitude towards customers for their role in shaping their products and emphasized ongoing innovation in the SD-WAN and SASE solutions.

Palo Alto Networks (NYSE: PANW), a leader in cybersecurity, has been recognized as a leader in the Forrester Wave™: Zero Trust eXtended Ecosystem Platform Providers, Q3 2020. This report evaluated 15 vendors based on their current offerings, strategy, and market presence. The report highlighted that Palo Alto Networks provides a comprehensive toolkit for Zero Trust across various environments. Nir Zuk, the company's CTO, emphasized their commitment to delivering an easy-to-use, end-to-end Zero Trust solution.