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Palo Alto Networks (PANW) Beats Stock Market Upswing: What Investors Need to Know
Zacks Investment Research· 2024-04-16 22:51
The latest trading session saw Palo Alto Networks (PANW) ending at $275.62, denoting a +1.28% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq appreciated by 0.12%.Coming into today, shares of the security software maker had lost 4.59% in the past month. In that same time, the Computer and Technology sector lost 0.55%, while the S&P 500 lost 0.9%.The investment community will be paying close at ...
Snowflake vs. Palo Alto Networks: Which Is the Best Growth Stock to Buy?
The Motley Fool· 2024-04-15 15:22
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palo Alto Networks and Snowflake. 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. ...
Is It Worth Investing in Palo Alto (PANW) Based on Wall Street's Bullish Views?
Zacks Investment Research· 2024-04-15 14:36
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?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 re ...
Palo Alto (PANW) Unveils SOC Platform for Cloud Environment
Zacks Investment Research· 2024-04-12 14:36
Palo Alto Networks, Inc. (PANW) has unveiled significant advancements in cloud security operations through its Cortex XSIAM platform. The introduction of Cloud Detection and Response capabilities within Cortex XSIAM marks a pivotal moment in cloud security, offering the industry's first security operation center (SOC) platform optimized for cloud environments.Enhanced CapabilitiesAs organizations increasingly transition to the cloud, traditional SOC tools face challenges in addressing cloud-specific threats ...
Palo Alto Networks Delivers the Industry's First Cloud-Optimized SOC Platform
Prnewswire· 2024-04-11 14:10
As businesses invest in the cloud, new Cortex XSIAM features enable SecOps teams to identify and remediate cloud threats in real-time SANTA CLARA, Calif., April 11, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today announced a new milestone in how security operations centers (SOC) secure the cloud. The new innovations as part of Cortex XSIAM® for Cloud bolster the Palo Alto Networks Cortex XSIAM platform to natively deliver Cloud Detection and Response capabiliti ...
Palo Alto Networks (PANW) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-04-10 22:51
The latest trading session saw Palo Alto Networks (PANW) ending at $281.04, denoting a +0.68% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.95% for the day. On the other hand, the Dow registered a loss of 1.09%, and the technology-centric Nasdaq decreased by 0.84%.The security software maker's shares have seen a decrease of 1.97% over the last month, not keeping up with the Computer and Technology sector's gain of 1.67% and the S&P 500's gain of 1.78%.The ...
Wall Street Favorites: 3 Cybersecurity Stocks With Strong Buy Ratings for April 2024
InvestorPlace· 2024-04-10 20:32
As the threat of cybercrime grows, the damage it causes may become more expensive. The demand for effective cybersecurity will increase accordingly. Some businesses and large corporations are slow to spend money on the latest cybersecurity solutions. However, it is almost certain that every company will have to bite the bullet in the coming years.In this window of opportunity lives the best cybersecurity stocks available right now. These three stocks have the most potential to assert themselves at the top o ...
Palo Alto (PANW) & Google Cloud Deepen Cybersecurity Partnership
Zacks Investment Research· 2024-04-10 13:56
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 ...
Palo Alto Networks and Google Cloud Expand Partnership to Revolutionize Cybersecurity with AI
Prnewswire· 2024-04-09 12:12
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 ...
Palo Alto Networks: SASE, SASO, And Beyond
Seeking Alpha· 2024-04-08 19:42
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 ...