Palo Alto Stock Price, News & Analysis

Palo Alto Networks (NASDAQ: PANW) has introduced new capabilities in its OT Security solution to address growing cybersecurity threats to industrial operations. These include:

1. The industry's first fully integrated, risk-based guided virtual patching solution, powered by Precision AI™
2. Prisma® Access Browser with Privileged Remote Access
3. A suite of ruggedized, ML-powered Next-Generation Firewalls (NGFWs) for harsh industrial settings

These innovations aim to enhance remote operations security, mitigate risks for critical OT assets, and extend protection into challenging industrial environments. The new features respond to the increasing frequency and sophistication of OT attacks, with 70% of industrial organizations experiencing a cyberattack on their OT environment in the last year, according to the 2024 State of OT Security report.

Palo Alto Networks (NASDAQ: PANW) and Deloitte have expanded their strategic alliance globally, extending their AI-powered cybersecurity solutions to EMEA and JAPAC regions. This expansion aims to accelerate the adoption of leading cybersecurity capabilities and help clients benefit from platformization. The alliance addresses the challenge of managing multiple cybersecurity products by offering integrated platforms that enhance security posture and drive operational efficiencies.

The collaboration will offer Palo Alto Networks' security solutions across network, cloud, and security operations platforms, focusing on three key areas:

• Cyber Detection & Response: Utilizing the AI-powered Cortex XSIAM® platform
• Cloud Security: Enhancing security for cloud-native applications and infrastructure
• Zero Trust Adoption: Strategizing and implementing Zero Trust frameworks

This global expansion builds on the existing partnership, aiming to provide clients with integrated AI-powered cybersecurity solutions and insights to improve their security posture and address complex challenges.

Red Canary, a leading MDR provider, has expanded its partnership with Palo Alto Networks to offer Managed XSIAM, a new fully managed SOC service powered by Palo Alto Networks Cortex® XSIAM®. This service is designed to help midsize businesses achieve autonomous, AI-powered security operations while reducing staffing and operational requirements.

The new offering combines Red Canary's expertise in security operations with Palo Alto Networks' AI-driven platform to provide 24/7 advanced threat detection, expert response, and over 4000 behavioral analytics. Set to launch in the second half of 2024, Managed XSIAM aims to address the challenges faced by organizations struggling with complex security tech stacks and resources.

This partnership strengthens the existing collaboration between Red Canary and Palo Alto Networks, building on integrations with Cortex XDR, PAN-OS®, Advanced Threat Prevention, and WildFire®.

Palo Alto Networks (NASDAQ: PANW) has been named a leader in The Forrester Wave™: Attack Surface Management Solutions, Q3 2024. The company's Cortex Xpanse® received the top score in the strategy category and the highest possible scores in vision, innovation, and roadmap criteria. This recognition affirms Palo Alto Networks' AI-powered Cortex® platform as a leader in security operations center (SOC) transformation.

Cortex Xpanse enables organizations to find and automatically fix exposures across their entire attack surface by scanning over 500 billion internet-facing assets daily, helping teams discover 30-40% more assets than previously known. As part of the Cortex SOC platform, it integrates with industry-leading XDR, SOAR, and SIEM capabilities to simplify security operations.

Palo Alto Networks has also been recognized as a leader in other Forrester Wave™ evaluations, including Extended Detection and Response (XDR) Platforms and Cybersecurity Incident Response Services in Q2 2024.

Palo Alto Networks (NASDAQ: PANW) has completed the acquisition of IBM's QRadar SaaS assets, strengthening their partnership to provide enhanced cybersecurity solutions. The deal aims to streamline security operations and prevent threats at scale using Palo Alto Networks' Precision AI-powered Cortex XSIAM platform. Key highlights:

1. IBM will be a preferred managed security services provider.
2. Eligible customers can migrate from QRadar to Cortex XSIAM with no-cost services.
3. IBM is deploying Cortex XSIAM and Prisma SASE 3.0 for its own security operations.
4. Palo Alto Networks will utilize IBM's watsonx AI and data platform.
5. The partnership focuses on advanced threat protection, response, and security operations.

Palo Alto Networks (NASDAQ: PANW), a global leader in cybersecurity, has announced its participation in two upcoming investor events. The company's management team will be presenting at:

• The Citi 2024 Global TMT Conference on Wednesday, September 4, 2024, at 9:10 a.m. EDT
• The Goldman Sachs Communacopia & Technology event on Monday, September 9, 2024, at 10:10 a.m. PDT

Investors can access additional information about these events and live audio webcasts of the presentations through the 'Investors' section of the Palo Alto Networks website at investors.paloaltonetworks.com.

Palo Alto Networks (NASDAQ: PANW) reported strong financial results for Q4 and fiscal year 2024. Q4 revenue grew 12% year-over-year to $2.2 billion, while fiscal year 2024 revenue increased 16% to $8.0 billion. The company's Next-Generation Security ARR saw impressive growth of 43% year-over-year, reaching $4.2 billion. GAAP net income for Q4 2024 was $357.7 million, or $1.01 per diluted share, up from $227.7 million in Q4 2023. Non-GAAP net income for Q4 2024 reached $522.2 million, or $1.51 per diluted share. The company provided a positive outlook for fiscal year 2025, expecting total revenue between $9.10 billion and $9.15 billion, representing 13-14% year-over-year growth.

SLB (NYSE: SLB) and Palo Alto Networks (NASDAQ: PANW) are expanding their collaboration to strengthen cybersecurity for the energy sector. This partnership combines SLB's cloud and edge technologies with Palo Alto Networks' cybersecurity solutions to address evolving cyber threats in the industry's digital transformation.

Key aspects of the collaboration include:

• SLB integrating Palo Alto Networks' AI-powered cybersecurity platforms into its technology stack
• Enhancing security across SLB's network, cloud, and edge platforms
• Developing solutions for edge products and services
• Enabling secure collaboration for thousands of users on SLB's Delfi digital platform

This partnership aims to strengthen SLB's security infrastructure and drive future enhanced solutions for the energy sector's growing cybersecurity needs.

SLB (NYSE: SLB) and Palo Alto Networks (NASDAQ: PANW) are expanding their collaboration to strengthen cybersecurity for the energy sector. This partnership combines SLB's cloud and edge technologies with Palo Alto Networks' cybersecurity solutions to address evolving threats in the industry's digital transformation.

Key points:

• SLB will adopt Palo Alto Networks' AI-powered cybersecurity platforms, including Prisma SASE, Prisma Cloud, and Cortex XSIAM
• The collaboration aims to enhance security across SLB's network, cloud, and edge platforms
• Both companies will develop solutions for edge products and services, important for automated and autonomous operations
• The partnership supports SLB's role as a digital partner for its customers in the energy sector