CBTS Receives Four Palo Alto Networks NextWave SpecializationsAugust 27, 2024 9:00 AM EDT | Source: CBTSCincinnati, Ohio--(Newsfile Corp. - August 27, 2024) - CBTS, a global provider of IT solutions and services—including Application Modernization, Digital Workplace, Managed Hybrid Cloud, Cybersecurity, and Infrastructure Solutions— has received four Palo Alto Networks NextWave specializations including Prisma SASE, Cortex XDR, Hardware Firewall, and Software Firewall. CBTS is a NextWave Manag ...

Artificial intelligence is a revolutionary technology, but it can also pose a serious threat to businesses without adequate cybersecurity.Earlier this year, Palo Alto Networks (PANW -1.03%) reported seeing a tenfold increase in the frequency of email-based phishing attacks compared to the same period in 2023. The jump is related to malicious actors using generative artificial intelligence (AI) to rapidly craft realistic content to trick employees into handing over sensitive information.This change in tactic ...

AerialPerspective Works Investment Thesis Palo Alto Networks (NASDAQ:PANW) reported earnings last Monday, causing the stock to trade higher the next day on management’s raised guidance for FY25 and double beat for the quarter. Palo Alto’s commentary and outlook lead me to believe the company has more upside surprises in terms of ARR growth from its platformization progress; the latter is an integrated platform approach in which security functions are consolidated to achieve enhanced security and reduced ...

The cybersecurity leader's valuations are getting too hot to handle.Palo Alto Networks (PANW 0.36%) posted its latest earnings report on Aug. 19. For the fourth quarter of fiscal 2024, which ended on July 31, the cybersecurity leader's revenue rose 12% year over year to $2.19 billion and topped analysts' estimates by $40 million. Its adjusted earnings per share (EPS) grew 5% to $1.51 and beat the consensus forecast by $0.10.Palo Alto's stock surged higher after that earnings beat and now trades just a few d ...

How the stock has managed to rebound.What a difference a few months can make. In February, Palo Alto Networks (PANW -0.55%) saw its stock tank after the cybersecurity company said it was seeing "spending fatigue" among its customers, and it embarked on a bold new strategy.Weeks later on its earnings call, rival CrowdStrike Holdings (CRWD 0.84%) took at jab at Palo Alto's large collection of single-problem solutions, saying: "Multi-platform hardware vendors evangelized their stitched-together patchwork of po ...

SANTA CLARA, Calif., Aug. 23, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today that members of its management team will be presenting at the following financial community events:Citi 2024 Global TMT ConferenceWednesday, September 4, 20249:10 a.m. EDTGoldman Sachs Communacopia & TechnologyMonday, September 9, 202410:10 a.m. PDTAdditional information about upcoming investor event participation and a live audio webcast of each presentation will be accessi ...

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. ...

Palo Alto Networks TodayPANWPalo Alto Networks$357.32 -2.43 (-0.68%) 52-Week Range$224.64▼$380.84P/E Ratio51.94Price Target$363.49Add to WatchlistOperational quality and business trends are why Palo Alto Network's NASDAQ: PANW stock price will soon hit a new all-time high. The latest report shows that business strength persists despite the company’s leaning toward free and reduced services intended to boost total business. That plan appears to be working, and it is compounded by the focus on platformization ...

Jetta Productions Inc I published my 'Buy' thesis for Palo Alto Networks (NASDAQ:PANW) (NEOE:PANW:CA) in May 2024, highlighting their strategy of platformization and long-term growth potentials. Since then, the stock price has surged by more than 19%. Palo Alto Networks released its Q4 result on August 19th with 12% year-over-year growth in revenue, exceeding the market expectations. The company achieved robust growth in Next Generation Security (NGS) portfolio. I maintain a "Buy" rating with a fair value o ...

Key TakeawaysThe S&P 500 slipped 0.2% on Tuesday, Aug. 20, ending a streak of eight consecutive positive trading days for the benchmark index.Shares of medical device makers Insulet and DexCom moved lower as a popular drug from Eli Lilly showed promise in reducing diabetes risk.Palo Alto Networks shares took off after the cybersecurity firm beat quarterly sales and profit estimates. Major U.S. equities indexes finished with minor losses on Tuesday. The S&P 500 fell 0.2%, ending a streak of eight straight wi ...