PANW Stock Recent News

The world is rapidly shifting to the cloud, with businesses migrating critical data and operations to virtual environments. This shift, while transformative, has brought a wave of new security challenges.

Zacks.com users have recently been watching Palo Alto (PANW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

PANW's platformization strategy is driving growth, as evidenced by the Q4 top- and bottom-lines beating analyst estimates and significant increases in NGS ARRs. The changing cybersecurity landscape and rising AI-driven cyberattacks position PANW as a major beneficiary, boosting demand for its AI-related security offerings. Despite the stock's current valuation showing little-to-no upside at current levels, the long-term growth story remains intact, making pullbacks a buying opportunity.

Palo Alto (PANW) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Investors interested in stocks from the Internet - Software sector have probably already heard of Oddity Tech (ODD) and Palo Alto Networks (PANW). But which of these two stocks offers value investors a better bang for their buck right now?

Palo Alto delivered an in-line revenue while beating profitability in the quarter. FY4Q24 results exceeded expectations, with revenue growth, adjusted EPS, and NGS ARR showing positive signs. Management reiterated their goal to achieve NGS ARR of $15 billion by FY2030, and that FY2025 NGS ARR is expected to grow 28%.

Cincinnati, 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 Managed Security Services Provider (MSSP) Innovator and Solution Provider in addition to being a Diamond Innovator Solution Provider, which empowers them with the expertise to help customers improve their security postures.

Artificial intelligence (AI) is being harnessed by malicious actors to mount sophisticated attacks on businesses. Palo Alto Networks is one of the world's largest providers of cybersecurity software, and it's using AI to deliver advanced protection.

Palo Alto Networks reported its 4Q24 earnings, in my opinion, positioning itself for outperformance in the cybersecurity market into 2025. 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. Management is guiding for revenue in the range of $2.10 billion to $2.13 billion next quarter, a 12% to 13% increase year over year versus consensus at $2.10 billion.

Zacks.com users have recently been watching Palo Alto (PANW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.