The cybersecurity industry is growing rapidly as cyberattacks are increasing in number with more complexity of IT environments. This trend may benefit the companies' stocks as you may see here below:As cybersecurity attacks arise and cause data breach and financial loss, many companies started to guard themselves with cybersecurity software. Palo Alto Networks (PANW, Financial) , which stands as a market leader with the biggest share in the industry, saw its stock rise from $50s in 2019 to $300s in 2024. In ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Palo Alto Networks (PANW) .Palo Alto currently has an average bro ...

Palo Alto Networks, Inc. (PANW) has enjoyed a stellar rise of 27.4% over the past six months, significantly outpacing the Zacks Computer and Technology sector, which climbed 11.1%, and the S&P 500's more modest 10.8% gain. While this performance is impressive, it also raises questions: Should investors continue holding on to the stock, buy more or consider selling?PANW stock has also exceeded its competitors, Juniper Networks, Inc. (JNPR) and Check Point Software Technologies Ltd. (CHKP) , which have gained ...

Providing clients with integrated AI-powered cybersecurity solutions and insights to help enhance security posture, drive operational efficiencies, and address complex challengesNEW YORK and SANTA CLARA, Calif., Oct. 1, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW) and Deloitte today announced an expansion of their strategic alliance into EMEA and JAPAC regions, making Palo Alto Networks® AI-powered cybersecurity solutions and joint offerings available to Deloitte clients globally. The new agreemen ...

In the latest trading session, Palo Alto Networks (PANW) closed at $338.73, marking a -0.52% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.4%. On the other hand, the Dow registered a gain of 0.62%, and the technology-centric Nasdaq increased by 0.6%.Shares of the security software maker have depreciated by 2.83% over the course of the past month, underperforming the Computer and Technology sector's gain of 0.91% and the S&P 500's gain of 1.71%.Analysts and inv ...

Strategic partnership will accelerate customers' SOC modernization by combining Palo Alto Networks AI-powered platform with Red Canary's actionable threat intelligence and expertise in security operationsDENVER and SANTA CLARA, Calif., Sept. 26, 2024 /PRNewswire/ -- Red Canary, a leading managed detection and response (MDR) provider, today announced an expanded partnership with Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, to offer Managed XSIAM. The new, fully managed SOC services are ...

Cortex Xpanse recognized with the top vendor score in the strategy category, receiving the highest possible scores in the vision, innovation and roadmap criteriaSANTA CLARA, Calif., Sept. 24, 2024 /PRNewswire/ -- Palo Alto Networks® (NASDAQ: PANW), the global cybersecurity leader, today announced it has been named a leader in The Forrester Wave™: Attack Surface Management Solutions, Q3 2024. In the inaugural report, Palo Alto Networks Cortex Xpanse® received the top score in the strategy category and the hi ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Palo Alto Networks (PANW) .Palo Alto currently has an average brokerage recommendation (ABR) of ...

Signage with logo at the Silicon Valley headquarters of computer security and firewall company Palo ... [+] Alto Networks, Santa Clara, California, August 17, 2017. (Photo via Smith Collection/Gado/Getty Images).Getty ImagesShares of Palo Alto Networks have risen a decent 17% so far in 2024 (though they lag the S&P 500’s 19% rise).Last month, the Santa Clara, Calif.-based cybersecurity provider delivered an expectations-beating quarterly report for the company’s July-ending fiscal year 2024 fourth quarter — ...

MOUNTAIN VIEW, Calif., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Time is running out to apply to participate in the Mark Cuban Foundation Artificial Intelligence (AI) Bootcamp hosted by ThoughtSpot in Mountain View. Applications for the no-cost bootcamp are closing September 30. The Mark Cuban Foundation, in partnership with ThoughtSpot, the AI-Powered Analytics Company, is bringing the only artificial intelligence (AI) camp of its kind, free of charge, to high school students in the Palo Alto area. With a custom ...