Palo Alto Networks (PANW) and Alphabet’s (GOOGL) Google Cloud strengthen their cybersecurity collaboration, marking a significant expansion of their alliance. Palo Alto Networks commits to a multi-year, 10-figure investment in Google Cloud, naming it as their preferred artificial intelligence (AI) and infrastructure provider.Since 2018, Palo Alto Networks and Google Cloud have collaborated to revolutionize cybersecurity, a commitment further solidified by this expanded alliance. This strategic move undersco ...

Building the future of AI-powered security platforms to bring enterprises closer to real-time security resolution SANTA CLARA, Calif., April 9, 2024 /PRNewswire/ -- Cloud Next '24, LAS VEGAS -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, and Google Cloud today announced the most significant expansion of their partnership to date. Palo Alto Networks has extended and increased its commitment to Google Cloud with a ten-figure, multi-year commitment and named Google Cloud its AI and infr ...

BlackJack3D Leveraging Breadth for the New Plaftormization Strategy Since 2022, Palo Alto Networks (NASDAQ:PANW) has presented its business as three divisions, that are now referred to as platforms – Network Security, Cloud Security, and SecOps. Each division has acquired a significant number of leadership accolades from market analysts, such as Gartner and Forrester. Palo Alto NetworksThe entire ‘platformization’ strategy, first communicated in the 2Q24 earnings report, entails leveraging the breadth ...

In the latest market close, Palo Alto Networks (PANW) reached $269.54, with a -1.41% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.23%.The security software maker's stock has dropped by 6.09% in the past month, falling short of the Computer and Technology sector's gain of 1.54% and the S&P 500's gain of 1.5%.The investment community will be paying close atte ...

Shares of cybersecurity provider Palo Alto Networks (PANW 0.15%) struggled recently following a guidance cut from the company in February, but analysts at Argus Research still see brighter days ahead. Argus boosted its price target on the stock to $336 on Friday, which represents a potential upside over the next 12 months or so of about 17%.Softening demand and a change in strategyPalo Alto saw weakness in its U.S. government-related business in its most recent quarter, with deals that were expected to clos ...

A month has gone by since the last earnings report for Palo Alto Networks (PANW) . Shares have added about 7.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Palo Alto due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Palo Alto Q2 Earnings Beat, Cut FY24 Revenue G ...

Cybersecurity company Palo Alto Networks (PANW 1.09%) stock flourished earlier this year, with shares reaching a 52-week high of $380.84 on Feb. 9. Then on Feb. 20, the company released results for its fiscal second quarter (ended Jan. 31)  and its stock price promptly plunged.Shares remain well below the 52-week high at the time of this writing. Does this share price drop provide a buying opportunity? Or is this a warning sign not to invest in Palo Alto Networks?To answer that question, it's necessary to e ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palo Alto Networks. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palo Alto Networks. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

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