The Talon acquisition extends Palo Alto Networks' best-in-class SASE solution to help protect all managed and unmanaged devices SANTA CLARA, Calif., Dec. 28, 2023 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today announced that it has completed the acquisition of Talon Cyber Security, a pioneer of enterprise browser technology. "We are thrilled to welcome Talon to Palo Alto Networks," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "Most work today occurs ...

Industry and Company * **Industry**: Cybersecurity * **Company**: Palo Alto Networks, Inc. (NASDAQ:PANW) Core Views and Arguments * **Cybersecurity Threat Environment**: * **Increasing Threats**: The cybersecurity threat landscape is evolving rapidly with ransomware, nation-state attacks, and sophisticated cyber-attacks. * **Ransomware Evolution**: Ransomware attacks are becoming more sophisticated, including double extortion and filing SEC complaints. * **SolarWinds Attack**: The SolarWinds attack highlights the potential impact of cyber-attacks on businesses and the need for robust cybersecurity measures. * **Demand for Security**: Despite the increasing threats, the demand for cybersecurity remains strong due to the lack of systemic issues and the importance of cybersecurity budgets. * **Generative AI in Security**: * **Precision AI vs. Generative AI**: Precision AI is crucial for cybersecurity, while generative AI has potential applications in data analysis and customer assistance. * **Challenges and Opportunities**: Generative AI presents challenges such as hallucinations and latency, but it also offers opportunities for improved data analysis and customer assistance. * **XSIAM (Extended Security Information and Event Management)**: * **Market Opportunity**: XSIAM is a significant opportunity for Palo Alto Networks to address pain points in security operations and improve incident response times. * **Customer Adoption**: XSIAM has seen promising outcomes in initial deployments and is expected to grow rapidly in the coming years. * **Firewall Market**: * **Software Firewall Growth**: The demand for software firewalls is growing, driven by the shift from hardware to software and the need for remote access solutions. * **SASE (Secure Access Service Edge)**: SASE is becoming more mainstream as organizations adopt a distributed network topology and require comprehensive security solutions. * **Cloud Security**: * **Market Growth**: The cloud security market is expected to grow at a consistent rate of 30% to 40% over the next 5 to 10 years. * **Focus Areas**: Detection and response, code to cloud, and visibility are becoming increasingly important in cloud security. Other Important Points * **Cybersecurity Budgets**: Cybersecurity budgets are not being cut, indicating the importance of cybersecurity to organizations. * **C-level and Board Attention**: C-level executives and boards are paying increasing attention to cybersecurity, leading to increased investment in cybersecurity solutions. * **SEC Regulations**: SEC regulations and increased oversight are driving organizations to improve their cybersecurity posture. * **Competitive Landscape**: The cybersecurity market is highly competitive, with numerous vendors offering various solutions. However, Palo Alto Networks is well-positioned to capture market share due to its strong platform and product offerings.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-Q _____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35594 PALO ALTO NETWORKS, INC. (Exact name of registrant as specified in its chart ...

Palo Alto Networks, Inc. (NASDAQ:PANW) Q1 2024 Earnings Conference Call November 15, 2023 4:30 PM ET Company Participants Walter Pritchard - SVP, IR Nikesh Arora - Chairman and CEO Dipak Golechha - CFO Lee Klarich - Chief Product Officer Conference Call Participants Saket Kalia - Barclays Hamza Fodderwala - Morgan Stanley Brian Essex - JPMorgan Gabriela Borges - Goldman Sachs Roger Boyd - UBS Brad Zelnick - Deutsche Bank Fatima Boolani - Citibank Joel Fishbein - Truist Joe Gallo - Jefferies Gray Powell - BT ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-K _____________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35594 Palo Alto Networks, Inc. (Exact name of registrant as specified in its charter) Delawar ...

Palo Alto Networks, Inc. (NASDAQ:PANW) Q4 2023 Earnings Conference Call August 18, 2023 4:30 PM ET Company Participants Walter Pritchard - SVP, IR Nikesh Arora - Chairman and CEO Dipak Golechha - CFO Lee Klarich - Chief Product Officer Anand Oswal - Zero Trust Network Security Ankur Shah - Prisma Cloud Gonen Fink - Cortex BJ Jenkins - President Conference Call Participants Matt Hedberg - RBC Saket Kalia - Barclays Rob Owens - Piper Sandler Brad Zelnick - Deutsche Bank Andrew Nowinski - Wells Fargo Brian Es ...

Q4 Fiscal Year 2023 Earnings Call & ...

Palo Alto Networks, Inc. (NASDAQ:PANW) Bank of America 2023 Global Technology Conference June 6, 2023 11:40 AM ET Company Participants Nikesh Arora - Chairman and CEO Conference Call Participants Tal Liani - Bank of America Tal Liani [Call Starts Abruptly] time, and everyone knows Nikesh. So that’s -- we start high this time. I want to start with a question that everyone has on its mind when it comes to the sector, not specifically to Palo Alto. We have companies who are doing great, like our company, we ha ...

Q3 Fiscal Year 2023 Earnings Call Safe Harbor This presentation contains “forward-looking” statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements related to our financial guidance for the fourth quarter of fiscal 2023 and fiscal year 2023 regarding total revenue, total billings, Next-Gen Security ARR, product revenue, non-GAAP operating margin, non-GAAP EPS, GAAP net income, GAAP profitability and non-GAAP adjusted free cash flow margin, ...