Welcome to our dedicated page for Palo Alto news (Ticker: PANW), a resource for investors and traders seeking the latest updates and insights on Palo Alto stock.
Palo Alto Networks, Inc. reports developments across its cybersecurity platform business, including network security, cloud security, security operations, AI security and identity protection. Company news commonly covers product launches and platform updates involving Prisma AIRS, Prisma Browser, Prisma SASE, Cortex XDR and Unit 42 threat intelligence.
Recurring updates also include quarterly financial results, acquisition completions, capital actions and governance-related announcements. Recent company developments have centered on agentic AI security, agentic endpoint protection, certificate lifecycle automation, post-quantum readiness and the integration of acquired technologies into Palo Alto Networks' security platforms.
Palo Alto Networks (NASDAQ: PANW) has announced its upcoming participation in the UBS Technology Conference. The company's management team will present on Tuesday, December 3, 2024, at 8:35 a.m. PT. Interested parties can access a live audio webcast of the presentation through the 'Investors' section of the company's website at investors.paloaltonetworks.com. Additional details about upcoming investor events will also be available on the same platform.
Palo Alto Networks (PANW) reported strong fiscal Q1 2025 results with revenue growing 14% year over year to $2.1 billion. The company's Next-Generation Security ARR increased 40% to $4.5 billion, while remaining performance obligation grew 20% to $12.6 billion. GAAP net income reached $350.7 million ($0.99 per share), up from $194.2 million last year. The company announced a two-for-one stock split effective December 16, 2024, and raised its guidance for NGS ARR, revenue, and non-GAAP EPS for the year.
Palo Alto Networks (PANW) has released its cybersecurity and AI predictions for 2025, highlighting seven key trends. The company forecasts a shift towards unified data security platforms, emphasizing that large organizations with extensive data resources will have an advantage in AI implementation. Key predictions include: the evolution of SOCs with AI-driven autonomous operations, widespread adoption of secure enterprise browsers, increased focus on AI's energy impact, preparation for quantum security challenges, and stronger collaboration between CIOs and CMOs.
The company notes that over 40% of business leaders lack understanding of cyber risks associated with generative AI, according to PwC's 2024 survey, emphasizing the need for organizations to strengthen their cybersecurity strategies.
Palo Alto Networks (NASDAQ: PANW) announced it will release its fiscal first quarter 2025 financial results on Wednesday, November 20, 2024, after U.S. markets close. The company will host a video webcast at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. The webcast will be available through the Investors section of their website, with a replay accessible three hours after the event and archived for one year.
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.