STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Palo Alto Networks forecast annual billings above market estimates on Friday, in a sign that more businesses were turning to its integrated cybersecurity offerings to combat rising digital threats.
The biggest winners of that have been the companies that serve as a one-stop shop for cybersecurity solutions, helping clients be more efficient and improve risk management. Global average weekly cyber attacks rose 8% increase in the second quarter of 2023, according to Check Point Research, with the average number of attacks per organization per week hitting a two-year high.
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Palo Alto Network’s Odd Summer Friday Report Has Wall Street Asking WhyPalo Alto Networks Inc. investors are cautious ahead of the cybersecurity firm’s fiscal fourth-quarter results, which will be released at the highly unusual time of Friday after the market close.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Palo Alto Networks Surges After Billings Outlook Beats EstimatesCybersecurity firm Palo Alto Networks Inc. surged after projecting billings for the current quarter that beat Wall Street’s estimates, easing fears that a slowdown in demand may weigh on earnings.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Palo Alto Networks stock jumps on earnings, guidanceShares of Palo Alto Networks (PANW) jumped in after-hours trading. The cybersecurity company reported fiscal fourth adjusted quarter earnings that handily beat Wall Street estimates, while revenue was just shy of expectations. The company also issued upbeat full-year guidance. Constellation Research Founder Ray Wang says the company is 'doing well' but 'the challenge is the macro-environment. Budgets are being re-directed from cybersecurity to AI.' Wong says Palo Alto is benefiting from putting 'the best portfolio in the marketplace for customers to buy so that they don't have to go to all these different point solutions.' However, Wong thinks the stock is going to be 'challenged for the rest of the year' due to companies shifting their spending to AI.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
HRM has insufficient oversight of its cybersecurity risks, AG report saysA report by the Halifax Regional Municipality Auditor General has put forward 16 recommendations for the municipality to implement in addressing its cybersecurity risks.
Source: GlobalCalgary - 🏆 50. / 61 Read more »
AI use rising in influence campaigns online, but impact limited, U.S. cybersecurity firm saysResearchers at a Virginia-based company found ‘numerous instances’ since 2019 in which AI-generated content had been used in politically-motivated online influence campaigns
Source: globeandmail - 🏆 5. / 92 Read more »