Palo Alto Networks, Inc. provides cybersecurity platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances and software deployed on an end-customer's network as a virtual or a physical appliance; and virtual system upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances. It also offers subscription services covering the areas of threat prevention, uniform resource locator filtering, malware and persistent threat, laptop and mobile device protection, and firewall, as well as cyberattacks, threat intelligence, and data loss prevention. In addition, the company provides professional services, including architecture design and planning, configuration, and firewall migration, as well as online and in-classroom education training services, as well as support services. Palo Alto Networks, Inc. sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was founded in 2005 and is headquartered in Santa Clara, California.
IPO Year:
Exchange: NYSE
Website: paloaltonetworks.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $390.00 → $430.00 | Neutral → Buy | Rosenblatt |
| 10/31/2024 | $400.00 → $415.00 | Overweight | Cantor Fitzgerald |
| 10/8/2024 | $410.00 | Outperform | Exane BNP Paribas |
| 7/18/2024 | $350.00 → $325.00 | Buy → Neutral | Redburn Atlantic |
| 6/21/2024 | $380.00 | Buy | DA Davidson |
| 5/29/2024 | $350.00 | Outperform | Daiwa Securities |
| 2/21/2024 | $275.00 | Outperform → Market Perform | Northland Capital |
| 2/21/2024 | $302.00 | Overweight → Equal Weight | CapitalOne |
| 2/21/2024 | $290.00 → $265.00 | Buy → Neutral | Rosenblatt |
| 2/21/2024 | $350.00 → $300.00 | Overweight → Neutral | Piper Sandler |
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, Oct. 30, 2024 /CNW/ -- The ongoing artificial intelligence (AI) revolution comes with many promises of benefits to society and the global economy. However, with growing use of AI comes risks, including more sophisticated cybercrime. According to a report from Cybersecurity Ventures, cybercrime is not only evolving rapidly thanks to AI, but it's estimated that cyber attacks will cost the global economy $9.5 trillion in 2024, and $10.5 trillion in 2025. Already in 2024, some big names have been hit, including Disney, AT&T, Ticketmaster, Dell, and Bank of America. In order to meet the cybersecurity needs of small busines
Industry veteran with track record of driving innovation at scale across multiple enterprise technology companies to accelerate next chapter of growth Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced the appointment of Chirantan "CJ" Desai as President of Product & Engineering to further accelerate the company's next phase of growth to $5 billion in annual recurring revenue and beyond. Desai's 25+ years of experience spans product innovation, go-to-market strategies, and operational efficiency—all key in building high-performing teams and driving sustained business growth at scale. Desai most recently served as President and Chief Operating Officer at S
Premier Industrial Cybersecurity Conference Offers 75+ Sessions and Hands-On Training to Tackle Critical Infrastructure Cyber Threats SecurityWeek will host its 2024 Industrial Control Systems (ICS) Cybersecurity Conference from October 21 – 24, 2024 at the InterContinental Atlanta Buckhead. With 75+ sessions over three days, the conference brings together hundreds of critical infrastructure stakeholders to explore cutting-edge strategies and solutions to fortify operational technology (OT) environments and enhance resilience against cyber threats. Now in its 23rd year, the conference is known for its powerful community of cybersecurity experts, researchers, engineers, and OT asset owner
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 operations DENVER 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 powered by Palo Alto Networks Cortex® XSIAM®, the industry's leading SOC platform, and designed especially to help midsize businesses achieve the benefits of autonomous, AI-powered securi
Strengthened partnership with IBM paves the way for more customers to benefit from next-gen SOC Innovation and AI-powered security solutions SANTA CLARA, Calif., Sept. 4, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ:PANW), the global cybersecurity leader, today announced that it has completed the acquisition of IBM's QRadar Software as a Service (SaaS) assets. This transaction underscores Palo Alto Networks and IBM's commitment to secure customers with best-in-class threat prevention, addressing ever-expanding attack surfaces with the complete platform approach that is required to simplify security operations. Palo Alto Networks Precision AI™-powered Cortex XSIAM® platform centralizes d
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. EDT Goldman Sachs Communacopia & TechnologyMonday, September 9, 202410:10 a.m. PDT Additional information about upcoming investor event participation and a live audio webcast of each presentation will be accessible from the "Investors" section of the Palo Alto Networks website at investors.paloaltonetworks.com. ABOUT PALO ALTO NETWORKS Palo Alto Networks is the global cybersecurity leader, comm
Industry veteran brings decades of business acumen and global insight from Amazon Web Services, Cisco, Palo Alto Networks, and Unity JFrog Ltd. ("JFrog") (NASDAQ:FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced Unity CFO, Luis Felipe Visoso, will join its Board of Directors, effective immediately. He will also serve as a member of the Board's Audit Committee. With extensive experience in global enterprise leadership and board roles across the cybersecurity, cloud, and software industries, Visoso brings a wealth of business expansion expertise to JFrog that will help the company drive growth in the DevOps, DevSecOps, and AI/MLOps
MONTREAL and SAN FRANCISCO, July 16, 2024 /CNW/ - Coveo (TSX:CVO), the leading enterprise AI platform that brings AI search and generative AI (GenAI) to every point–of-experience, enabling remarkable personalized digital experiences, today announced that John Grosshans, a seasoned executive with extensive SaaS experience, has been appointed as Chief Revenue Officer of Coveo effective immediately. Mr. Grosshans has more than 30 years of global sales management experience in numerous SaaS verticals, including most recently cloud and applications. Prior to joining Coveo, Mr. Gros
SANTA CLARA, Calif., May 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 event: Bank of America 2024 Global Technology ConferenceTuesday, June 4, 20247:50 a.m. PDT Additional information about upcoming investor event participation and a live audio webcast of each presentation will be accessible from the "Investors" section of the Palo Alto Networks website at investors.paloaltonetworks.com. ABOUT PALO ALTO NETWORKS Palo Alto Networks is the world's cybersecurity leader. We innovate to outpace cyberthreats, so organizations can embrace techno
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Palo Alto Networks, Inc. (NASDAQ:PANW) investors that a lawsuit was filed on behalf of investors that purchased Palo Alto securities between August 18, 2023 and February 20, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing
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Investors with a lot of money to spend have taken a bullish stance on Palo Alto Networks (NASDAQ:PANW). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PANW, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 11 uncommon options trades for Palo Alto Networks. This isn't normal. The overall sentiment of these big-money traders is split between 54% bullish and 27%, bearish. Out of
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume CRWD PUT TRADE BEARISH 07/26/24 $260.00 $41.4K 2.5K 10.9K NVDA CALL SWEEP
Palo Alto Networks (NASDAQ:PANW) has outperformed the market over the past 5 years by 22.14% on an annualized basis producing an average annual return of 35.18%. Currently, Palo Alto Networks has a market capitalization of $109.93 billion. Buying $100 In PANW: If an investor had bought $100 of PANW stock 5 years ago, it would be worth $448.64 today based on a price of $339.51 for PANW at the time of writing. Palo Alto Networks's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's aut
The drive for consolidation is evident: with cybersecurity threats becoming more frequent and severe, companies and governments are compelled to bolster their defenses. As large IT firms and private equity investors snap up cybersecurity specialists, the industry is poised for significant growth and transformation. Google’s acquisition of Wiz is a major step in this direction, heralding a future where cybersecurity giants dominate the field, offering more robust and integrated protection solutions. Google’s Wiz Acquisition Could Trigger A Consolidation Wave Google parent Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) $23 billion acquisition of Wiz is shaking up the cybersecurity landsc
Wall Street is poised to close the week in the red, with all major indices trading in negative territory at midday in New York, as broader sentiment remains weak following a temporary tech outage caused by a cloud software update from CrowdStrike Holdings Inc. (NASDAQ:CRWD) that led to widespread disruptions across several sectors worldwide. The S&P 500 index is down 0.6% as of 12:50 p.m. ET, extending its weekly decline to 1.8%, marking its worst week since April. The tech-heavy Nasdaq 100 is underperforming the broader market, down 1%, reflecting general weakness in the technology sector and bringing its weekly loss to 3.9%, also the worst in three months. The Dow Jones is also af
U.S. cybersecurity firm Crowdstrike Holdings Inc. (NASDAQ:CRWD) is attempting to recover sharp premarket losses felt overnight and in the early hours on Friday as an update on its cloud software triggered a global tech outage. What Happened: A failed update of CrowdStrike's Falcon platform on Thursday night led to widespread disruptions in Microsoft systems, pushing critical global services such as airports, ports, financial institutions and hospitals to a standstill. The issue stemmed from a technical error in the software update, ruling out initial speculation of a hacker attack. George Kurtz, president and CEO of CrowdStrike, stated on X the company is “actively working with custome
CrowdStrike Holdings, Inc.’s (NASDAQ:CRWD) pain has become a gain for its cybersecurity peers and the latter as a group are seen advancing strongly in premarket trading on Friday. Microsoft Corp. (NASDAQ:MSFT) properties experienced a significant outage, causing disruptions for banks, airlines, media companies, and emergency services worldwide. The outage was reportedly caused by an update from CrowdStrike. CrowdStrike’s CEO George Kurtz informed via social-media platform X that the issue has been identified and a fix has been deployed. “This is not a security incident or cyberattack,” he clarified. CrowdStrike is actively working with customers impacted by a defect found in a single
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Baird boosted the price target for e.l.f. Beauty, Inc. (NYSE:ELF) from $210 to $230. Baird analyst Joel Beatty upgraded the stock from Neutral to Outperform. e.l.f. Beauty shares declined 9.7% to close at $170.70 on Wednesday. See how other analysts view this stock. B of A Securities increased the price target for Synchrony Financial (NYSE:SYF) from $51 to $56. B of A Securities analyst Mihir Bhatia maintained a Neutral rating Synchrony Financial shares gained 1% to close at $52.22 on Wednesday. Se
Strengthened partnership with IBM paves the way for more customers to benefit from next-gen SOC Innovation and AI-powered security solutions SANTA CLARA, Calif., Sept. 4, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ:PANW), the global cybersecurity leader, today announced that it has completed the acquisition of IBM's QRadar Software as a Service (SaaS) assets. This transaction underscores Palo Alto Networks and IBM's commitment to secure customers with best-in-class threat prevention, addressing ever-expanding attack surfaces with the complete platform approach that is required to simplify security operations. Palo Alto Networks Precision AI™-powered Cortex XSIAM® platform centralizes d
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 via web browsers, often on unmanaged devices, which poses enormous security risks. Through the seamless integration of Talon's Enterprise Browser with Prisma® SASE, we will be elevating our
Fiscal fourth quarter revenue grew 27% year over year to $1.6 billion. Fiscal year 2022 revenue grew 29% year over year to $5.5 billion.Fiscal fourth quarter billings grew 44% year over year to $2.7 billion. Fiscal year 2022 billings grew 37% year over year to $7.5 billion.Remaining performance obligation grew 40% year over year to $8.2 billion.Board of directors approved a three-for-one stock split.SANTA CLARA, Calif., Aug. 22, 2022 /PRNewswire/ -- Palo Alto Networks (NASDAQ:PANW), the global cybersecurity leader, announced today financial results for its fiscal fourth quarter and fiscal year 2022, ended July 31, 2022. Total revenue for the fiscal fourth quarter 2022 grew 27% year over year
NETSCOUT SYSTEMS, INC. (NASDAQ:NTCT), a leading provider of cybersecurity, service assurance, and business analytics solutions, today announced financial results for its second quarter fiscal year 2022 ended September 30, 2021. "We are pleased with our second quarter results, which have contributed to our solid foundation as we move into the second half of the fiscal year," stated Anil Singhal, NETSCOUT's president and chief executive officer. "The strong growth of our ‘software-only' product revenue in the second quarter supported our overall revenue increase, enhanced our margins, and improved our diluted earnings per share on a year-over-year basis. Additionally, as customers dealt with
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Rosenblatt upgraded Palo Alto Networks from Neutral to Buy and set a new price target of $430.00 from $390.00 previously
Cantor Fitzgerald resumed coverage of Palo Alto Networks with a rating of Overweight and set a new price target of $415.00 from $400.00 previously
Exane BNP Paribas initiated coverage of Palo Alto Networks with a rating of Outperform and set a new price target of $410.00
Redburn Atlantic downgraded Palo Alto Networks from Buy to Neutral and set a new price target of $325.00 from $350.00 previously
DA Davidson initiated coverage of Palo Alto Networks with a rating of Buy and set a new price target of $380.00
Daiwa Securities initiated coverage of Palo Alto Networks with a rating of Outperform and set a new price target of $350.00
Northland Capital downgraded Palo Alto Networks from Outperform to Market Perform and set a new price target of $275.00
CapitalOne downgraded Palo Alto Networks from Overweight to Equal Weight and set a new price target of $302.00
Rosenblatt downgraded Palo Alto Networks from Buy to Neutral and set a new price target of $265.00 from $290.00 previously
Piper Sandler downgraded Palo Alto Networks from Overweight to Neutral and set a new price target of $300.00 from $350.00 previously
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Industry veteran with track record of driving innovation at scale across multiple enterprise technology companies to accelerate next chapter of growth Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced the appointment of Chirantan "CJ" Desai as President of Product & Engineering to further accelerate the company's next phase of growth to $5 billion in annual recurring revenue and beyond. Desai's 25+ years of experience spans product innovation, go-to-market strategies, and operational efficiency—all key in building high-performing teams and driving sustained business growth at scale. Desai most recently served as President and Chief Operating Officer at S
Industry veteran brings decades of business acumen and global insight from Amazon Web Services, Cisco, Palo Alto Networks, and Unity JFrog Ltd. ("JFrog") (NASDAQ:FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced Unity CFO, Luis Felipe Visoso, will join its Board of Directors, effective immediately. He will also serve as a member of the Board's Audit Committee. With extensive experience in global enterprise leadership and board roles across the cybersecurity, cloud, and software industries, Visoso brings a wealth of business expansion expertise to JFrog that will help the company drive growth in the DevOps, DevSecOps, and AI/MLOps
MONTREAL and SAN FRANCISCO, July 16, 2024 /CNW/ - Coveo (TSX:CVO), the leading enterprise AI platform that brings AI search and generative AI (GenAI) to every point–of-experience, enabling remarkable personalized digital experiences, today announced that John Grosshans, a seasoned executive with extensive SaaS experience, has been appointed as Chief Revenue Officer of Coveo effective immediately. Mr. Grosshans has more than 30 years of global sales management experience in numerous SaaS verticals, including most recently cloud and applications. Prior to joining Coveo, Mr. Gros
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Palo Alto Networks, Inc. (NASDAQ:PANW) investors that a lawsuit was filed on behalf of investors that purchased Palo Alto securities between August 18, 2023 and February 20, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing
Empowering customers with comprehensive, integrated private 5G solutions BARCELONA, Spain, Feb. 26, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ:PANW) today announced end-to-end private 5G security solutions and services in collaboration with leading Private 5G partners. Bringing together Palo Alto Networks® enterprise-grade 5G Security and Private 5G partner integrations and services allows organizations to easily deploy, manage, and secure networks throughout their entire 5G journey. The launch addresses the need and desire for validated 5G integrations and furthers Palo Alto Networks strategic vision of an integrated, ecosystem approach to safeguard 5G deployments. Anand Oswal, Senior
SANTA CLARA, Calif., Jan. 4, 2022 /PRNewswire/ -- Palo Alto Networks (NASDAQ:PANW), the global cybersecurity leader, today announced the appointment of Helmut Reisinger to the position of CEO for Europe, the Middle East and Africa (EMEA) and Latin America (LATAM). An internationally recognized business leader, as CEO of Orange Business Services, Reisinger led a global organization of 28,000 employees supporting the digital transformation of enterprise customers around the world. Before joining Orange Business Services in 2007, Reisinger held leadership positions across Europe at Avaya Inc, NextiraOne Germany and Alcatel Austria. Reisinger will work closely with Palo Alto Networks' President
PALO ALTO, Calif., July 27, 2021 (GLOBE NEWSWIRE) -- Armis, the leading unified asset visibility and security platform provider, today announced the appointment of Jean English as its new Chief Marketing Officer (CMO). Operating from its Palo Alto headquarters, Jean will report directly to Yevgeny Dibrov, Chief Executive Officer and Co-Founder of Armis. English brings more than 20 years of marketing leadership across the cybersecurity, cloud, analytics, software and infrastructure technology sectors. Jean's extensive experience building strong brands, establishing market leadership and exceeding high growth targets empowers marketing organizations to become revenue generators. Most recent
SANTA CLARA, Calif., May 14, 2021 /PRNewswire/ -- Palo Alto Networks (NYSE:PANW), the global cybersecurity leader, today announced the appointment of Aparna Bawa to the company's board of directors. "Aparna is a proven leader who has helped technology companies rapidly scale, and I'm pleased to welcome her to our board," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "She embodies our commitment to an experienced, creative and diverse leadership team. Along with other distinctive and diverse voices on our board, her unique perspectives will help us achieve our goal of being the largest, most comprehensive, integrated and innovative cybersecurity company in the world." Ms. Baw
SANTA CLARA, Calif., March 17, 2021 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced the appointment of Dipak Golechha to the role of chief financial officer, effective immediately. Golechha will succeed Luis Visoso. A seasoned finance leader, Golechha joined Palo Alto Networks in late 2020 as senior vice president of finance. Golechha spent 18 years at Procter & Gamble, including in roles as divisional CFO and chief operating officer. Golechha also served for four years as CEO of Excelligence Learning Corporation, a privately held tech-enabled education company. Jean Compeau is being appointed deputy CFO, and will remain senior vice president
SANTA CLARA, Calif., Feb. 19, 2021 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced the appointment of Dr. Helene D. Gayle to the company's board of directors and the nominating and corporate governance committee of the board. "We are fortunate to have Dr. Gayle join the Palo Alto Networks' board," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "I had the opportunity to serve on the Colgate-Palmolive board alongside Dr. Gayle and saw the impact of her integrity and thoughtful perspective. We look forward to the valuable insight and contributions she will bring to our strategy and growth." Dr. Gayle brings to the board extensive exp