Palo Alto Stock Price, News & Analysis

Palo Alto Networks (NYSE: PANW) has launched NextWave 3.0, enhancing its partner program with new specializations, incentives, and training designed to help partners thrive in a rapidly evolving security landscape. The program offers three new specializations—Prisma SASE, Prisma Cloud, and Cortex XDR/XSOAR—along with incentives to boost partner profitability. This initiative supports 6,500 partners and addresses the growing demand for specialized security expertise amidst increasing cyber threats.

Palo Alto Networks (PANW) reported a 25% year-over-year revenue growth for fiscal Q2 2021, totaling $1.0 billion, compared to $816.7 million in the same quarter last year. However, the company posted a GAAP net loss of $142.3 million or $1.48 per diluted share. In contrast, non-GAAP net income was $154.2 million or $1.55 per diluted share. For fiscal Q3 2021, they anticipate total revenue between $1.05 billion and $1.06 billion, with full-year guidance increased to $4.15 billion to $4.20 billion.

Palo Alto Networks (NYSE: PANW) has appointed Dr. Helene D. Gayle to its board of directors as of February 19, 2021. The chairman and CEO, Nikesh Arora, expressed enthusiasm for her extensive experience in governance and risk oversight. Dr. Gayle is recognized for her leadership roles, including as CEO of the McKinsey Social Initiative and CARE, and her 20 years at the CDC focusing on HIV/AIDS. Her background in philanthropy and public health is expected to bring valuable insights to the company's strategy and growth initiatives.

Palo Alto Networks (NYSE: PANW), a leader in cybersecurity, will present at the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 8:00 a.m. PST. This event will feature members of its management team discussing the company's innovative approach to protecting digital infrastructures. Live audio webcasts of the presentation will be available on the company's investors page. Palo Alto Networks aims to lead in cybersecurity technology, addressing global security challenges through its integrated platform and partnerships.

Palo Alto Networks (NYSE: PANW) announced its intent to acquire Bridgecrew for approximately $156 million in cash. This strategic move aims to enhance its Prisma Cloud security platform by integrating 'shift left' security, allowing early-stage security assessments during the DevOps process. Bridgecrew's developer-first tools will enable Prisma Cloud to offer comprehensive security throughout the application lifecycle. The acquisition is expected to close in the fiscal third quarter of 2021 and is not anticipated to materially impact financials.

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.