Cybersecurity firm Palo Alto Networks (PANW) has lowered the bar heading into its fiscal third quarter earnings report on Monday, with Wall Street expecting only 3.3% billings growth. But expectations for Palo Alto stock are higher for the July quarter and fiscal 2025.X Evercore ISI analyst Peter Levine says Palo Alto needs to rebuild confidence on Wall Street amid recent quarterly misses on key financial metrics, such as billings."It's unclear to us how much visibility management currently has, considering ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Analyst Estimates for Q3 FY 2024Q2 FY 2024Q3 FY 2023Revenue$1.97 billion$1.98 billion$1.72 billionDiluted Earnings Per Share40 cents$4.8931 centsNet Income$143.3 million$1.75 billion$107.8 million Key Metric: Sales Amid 'Spending Fatigue' Palo Alto Networks lowered its outlook when reporting second-quarter earnings, citing "spending fatigue" among customers, raising concerns about headwinds for the cybersecurity industry. The guidance cut in late February sent shares lower, but analysts suggested they re ...

Palo Alto Networks (PANW) has collaborated with International Business Machines (IBM) to improve its security platforms with the latter's artificial intelligence (AI) capabilities in order to deliver AI-powered security solutions.As part of this partnership, PANW is set to acquire IBM's QRadar SaaS assets to enhance its Cortex XSIAM platform. Meanwhile, International Business Machines will continue to support its existing on-prem QRadar clients.Both companies are set to establish a joint Security Operations ...

News Summary:   IBM to platformize internal security solutions with Palo Alto Networks; Palo Alto Networks will be its preferred cybersecurity partner across network, cloud and SOC Palo Alto Networks will incorporate watsonx large language models (LLMs) in Cortex XSIAM to deliver additional Precision AI™ solutions IBM will bolster its leading security services to drive a significant book of business in cybersecurity and AI security, featuring Palo Alto Networks platforms in its expanded portfolio IBM will ...

The upcoming report from Palo Alto Networks (PANW) is expected to reveal quarterly earnings of $1.25 per share, indicating an increase of 13.6% compared to the year-ago period. Analysts forecast revenues of $1.97 billion, representing an increase of 14.3% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earni ...

Palo Alto Networks (PANW) is scheduled to report its third-quarter fiscal 2024 results on May 20.Palo Alto projects its fiscal third-quarter revenues in the range of $1.95-$1.98 billion, which suggests a year-over-year increase of 13-15%. The Zacks Consensus Estimate is pegged at $1.97 billion, which implies growth of 14.3% from the year-ago reported figure.For the fiscal third quarter, the company expects non-GAAP earnings in the range of $1.24-$1.26 per share. The Zacks Consensus Estimate for PANW’s non-G ...

New offerings powered by Precision AI™ by Palo Alto Networks help organizations accelerate AI adoption securely NEW YORK and SANTA CLARA, Calif., May 13, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW) and Accenture (NYSE: ACN) today announced an expansion of their long-standing strategic alliance. New offerings will combine Precision AI™ technology from Palo Alto Networks and Accenture's secure generative AI services to help organizations embrace the potential of AI with unparalleled cybersecurity. ...

News Summary: Cortex XSIAM shifts paradigm so that third-party EDR data is as easily ingestible as first-party data Cortex XSIAM's BYOML framework empowers custom ML models for tailored security solutions Cortex XSIAM expands cloud detection and response capabilities for complete visibility and protection SANTA CLARA, Calif., May 7, 2024 /PRNewswire/ -- Cortex XSIAM® from Palo Alto Networks (NASDAQ: PANW) is the AI-driven security operations platform that enables organizations to transform their security o ...

Prisma SASE 3.0 extends Zero Trust to unmanaged devices, secures data with AI, and boosts application performance for partners and customers SANTA CLARA, Calif., May 2, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced its latest innovations to future-proof and transform the workforce with the launch of Prisma® SASE 3.0. Prisma SASE 3.0 now delivers Zero Trust to secure both managed and unmanaged devices with the industry's first natively integrated enterpris ...