Palo Alto Networks, Inc. (PANW) has been on a remarkable run, with its shares climbing 23.3% over the past month. This performance has significantly outpaced both the Zacks Computer and Technology sector's 9.6% gain and the S&P 500's 8.7% increase.Compared to its peers, Palo Alto Networks stock has left competitors like Juniper Networks, Inc. (JNPR) and Check Point Software Technologies Ltd. (CHKP) in the dust, with these stocks only gaining 2.4% and 10.7%, respectively, in the same period.Such rapid gains ...

MF3d/iStock via Getty ImagesPalo Alto Networks (NASDAQ:PANW) is realizing the strength of platformization adoption as more companies transition from a single-point solution to total platform adoption. Given the increasing trend the firm is realizing, I believe this can drive significant growth while bolstering margins in the coming quarters as Palo Alto continues to execute on new customer adoption. Despite the challenging macroeconomic environment, I believe there will be a driving force behind continu ...

Cybersecurity giant Palo Alto Networks Inc (NASDAQ:PANW) stock is up 2.3% to trade at $358.50 at last check, as investors unpack earnings results from sector peers Okta (OKTA) and CrowdStrike (CRWD). The security already boasts a 50.5% year-over-year lead, with the $345 level containing a pullback from its highest level since February. The shares are on track for their third-straight daily win and, if past is precedent, could keep charging higher next month.Per a study from Schaeffer's Senior Quantitative A ...

da-kuk Investment Thesis In my last article on Palo Alto Networks (NASDAQ:PANW), I discussed the company’s Q3 performance and highlighted the progress made on its platformization strategy. I also highlighted how the partnership with IBM could be a strong growth catalyst for the company, especially in the AI space. In this article, I dissect the company’s fourth quarter earnings report and argue how the company stands to be a major beneficiary from a dramatically changing cybersecurity landscape. I also ...

Palo Alto Networks (PANW) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Si ...

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 ...